El Dorado Hills, Calif. – December 7, 2023
In a move signaling the advent of a new player in the financial advisory landscape, Kayle E. Larsen has unveiled Larsen Wealth Management, a registered investment advisor based in El Dorado Hills, California. The firm, boasting an impressive $104 million in assets under management (AUM), is set to carve its niche by offering tailored financial planning services and portfolio management.
Founding Principles and AUM Breakdown:
Larsen Wealth Management, led by Certified Financial Planner (CFP) Kayle E. Larsen, has swiftly gathered momentum with $104 million in AUM. The client base comprises 128 individuals and high-net-worth individuals, reflecting a significant endorsement of Larsen’s expertise within the financial advisory realm.
Comprehensive Services Offered:
According to the firm’s inaugural Form ADV, Larsen Wealth Management is committed to delivering financial planning services and portfolio management to its discerning clientele. The strategic focus on customization and client-centric solutions sets the tone for Larsen’s approach in a dynamic financial landscape.
Larsen’s Professional Journey: From Morgan Stanley to Independent Venture:
Kayle E. Larsen, a CFP, commenced his advisory career at Morgan Stanley in 1998, serving in various capacities as both a broker and an advisor until 2007. After an accomplished tenure at Cambridge Investment Research Advisors, where he became dually registered in 2007, Larsen took the leap to launch Larsen Wealth Management in October.
Strategic Team Formation:
Larsen has assembled a seasoned team to drive the success of Larsen Wealth Management. Joining him is Michael B. Haskins, CFP, who assumes the role of Chief Compliance Officer. Both Larsen and Haskins share a professional history, having worked together at Morgan Stanley and later transitioning to Cambridge.
Dalton Henley, a registered investment advisor and CFP, further strengthens the team’s expertise. Having joined Larsen and Haskins at Cambridge in 2021, Henley’s addition reflects the commitment to continuity and collaborative wealth management.
Key Partnership and Custody Arrangements:
The firm’s filed brochure reveals that Larsen, Haskins, and Henley are maintaining their relationships with Cambridge, ensuring a seamless transition and leveraging existing synergies.
Charles Schwab has been selected to provide custody for the client’s separately managed accounts, a strategic move aligning with Larsen Wealth’s commitment to client-centric solutions.
Fee Structure and Client Commitment:
Larsen Wealth’s fee structure underscores a commitment to transparency and fairness. Portfolio management fees range from 0.70% for accounts with $10 million to 2.25% for accounts with less than $250,000. Financial planning fees are articulated between $1,500 and $2,500, emphasizing a tailored approach to client needs.
The Future Unveiled:
As Larsen Wealth Management enters the financial advisory arena, the impressive AUM and the strategic team formation position the firm as a noteworthy contender. With a focus on personalized financial planning and a commitment to client relationships, the trajectory of Larsen Wealth is poised to be a significant storyline in the evolving landscape of wealth management.
Larsen, currently unavailable for comment, leaves the industry awaiting insights into the vision and strategy that will shape Larsen Wealth Management’s footprint in the financial advisory space.
