Wednesday, December 6, 2023
HomeFinancial AdvisorLarsen Wealth Launches With $104M In AUM

Larsen Wealth Launches With $104M In AUM

Advisor Kayle E. Larsen has launched a registered investment advisor, Larsen Wealth Management, in El Dorado Hills, Calif.

The firm, which has $104 million in assets under management, predominantly from 128 individuals and high-net-worth individuals, will offer clients financial planning services and portfolio management, according to the firm’s first Form ADV.

Larsen, a CFP, became a dually registered advisor at Cambridge Investment Research Advisors in 2007 and stayed there until launching Larsen Wealth in October, according to the BrokerCheck. Larsen began his advisory career at Morgan Stanley, where he worked both as a broker and as an advisor from 1998 to 2007.

The Securities and Exchange Commission approved the firm’s registration on Friday.

Joining him is Michael B. Haskins, CFP, as chief compliance officer. Haskins worked in the same Morgan Stanley office in Sacramento as Larsen and left at roughly the same time to also work at Cambridge, according to BrokerCheck.

Also on the team is Dalton Henley, a registered investment advisor and CFP, who joined Larsen and Haskins at Cambridge in 2021, according to BrokerCheck.

Larsen, Haskins and Henley will be maintaining their relationships with Cambridge, according to the firm’s filed brochure. 

Larsen Wealth’s portfolio management fees ranging from 0.70% for accounts with $10 million to 2.25% for accounts with less than $250,000, and financial planning fees range between $1,500 and $2,500, according to the brochure.

Charles Schwab will provide custody for the client’s separately managed accounts, which account for most of the firm’s assets.

Larsen could not be reached for comment.



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