# Salem Partners Wealth Management, LLC

> Salem Partners Wealth Management, LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2004, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 131359
- Filed as: SALEM PARTNERS WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/131359
- AdvisorCensus page: https://advisorcensus.com/firm/salem-partners-wealth-management-llc-los-angeles-ca-131359

## Quick answers

**How is Salem Partners Wealth Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Salem Partners Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management.

**What does Salem Partners Wealth Management, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Up to $10,000,000: 1% a year; $10,000,000 to $30,000,000: 0.9% a year; $30,000,000 to $50,000,000: 0.75% a year; Above $50,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Salem Partners Wealth Management, LLC located?**
Salem Partners Wealth Management, LLC's principal office is in Los Angeles, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Salem Partners Wealth Management, LLC registered with the SEC or a state?**
Salem Partners Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 131359.

**How much does Salem Partners Wealth Management, LLC manage?**
Salem Partners Wealth Management, LLC reports $1,497,133,263 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Salem Partners Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Salem Partners Wealth Management, LLC: Regulatory assets under management: $282,326,472 in the October 2021 data and $1,497,133,263 in the October 2026 data, up 430%. Total employees: 7 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Salem Partners Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (46); other (3).

**Which custodians does Salem Partners Wealth Management, LLC use?**
Salem Partners Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Salem Partners Wealth Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/131359

**Does Salem Partners Wealth Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "SPWM requires a minimum account size of $10,000,000. However, SPWM maintains the discretion to waive the account minimum."

**What changed in Salem Partners Wealth Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $413,344,561 to $1,497,133,263 (+262%). Registered or notice-filed in MA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Up to $10,000,000: 1% a year
- $10,000,000 to $30,000,000: 0.9% a year
- $30,000,000 to $50,000,000: 0.75% a year
- Above $50,000,000: 0.5% a year

> 1.00% of the First $10,000,000 .90% of the Next $20,000,000 .75% of the Next $20,000,000 .50% of the Amount over $50,000,000

- Account minimum: $10,000,000 (the brochure says it may be waived or negotiated)

> SPWM requires a minimum account size of $10,000,000. However, SPWM maintains the discretion to waive the account minimum.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,497,133,263
- Discretionary: $1,497,133,263
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 46 | $1,496,918,465 |
| Other | 3 | $214,798 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2004 (22 years)
- Employees: 8 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, MA, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Southlake, TX

### Websites listed on Form ADV (Item 1.I)
- salempartners.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $282,326,472 | 7 | March 29, 2021 |
| October 2022 | $333,794,481 | 7 | March 29, 2022 |
| October 2023 | $330,944,999 | 8 | May 2, 2023 |
| October 2024 | $360,461,962 | 8 | May 6, 2024 |
| October 2025 | $413,344,561 | 8 | May 28, 2025 |
| October 2026 | $1,497,133,263 | 8 | March 31, 2026 |

Regulatory assets under management: $282,326,472 in the October 2021 data and $1,497,133,263 in the October 2026 data, up 430%.
Total employees: 7 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $413,344,561 to $1,497,133,263 (+262%).
- Registered or notice-filed in MA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Salem Partners Wealth Management, LLC (CRD 131359): Form ADV filing data as of October 2026.