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Salem Partners Wealth Management LLC
Multifamily office listing in Los Angeles, California, United States.
- SEC-registered
- Regulatory AUM
- $1.5 billion
- Employees
- 8
- Clients
- 26-50
- SEC CRD
- 131359
A Los Angeles investment adviser offering portfolio management and financial planning for wealthy individuals and families.12
Overview
Salem Partners Wealth Management, LLC is an SEC registered investment adviser based in Los Angeles, United States.12 The firm describes its business as a multifamily investment office for entrepreneurial clients and says it operates on a fee only basis.2 It combines investment advice with planning and ongoing relationships with client families.2
The broader Salem Partners organization operates investment banking and wealth management businesses.2 Its website lists Los Angeles as its headquarters and Southlake, Texas, as a branch location.2
History
Salem Partners dates its founding to 1997.2 The wealth management business identifies 2004 as its establishment year in its third quarter 2024 investment letter.6 IAPD records show that the wealth adviser’s SEC registration became effective on July 23, 2004.1
The published team biographies record Goli Kamangar joining Salem Partners in 2006 and Bill Witte joining the wealth management business in 2012.4 In March 2023, the Los Angeles Business Journal included Erik Ridgley in its Leaders of Influence: Wealth Managers feature, published as custom content.5
Timeline
- 1997Salem Partners dates its founding to 1997.
- 2004The wealth management business identifies 2004 as its establishment year in its third quarter 2024 investment letter.
- 2006The published team biographies record Goli Kamangar joining Salem Partners in 2006 and Bill Witte joining the wealth management business in 2012.
- 2023In March 2023, the Los Angeles Business Journal included Erik Ridgley in its Leaders of Influence: Wealth Managers feature, published as custom content.
Leadership
Bill Witte is President of Salem Partners Wealth Management.4 His biography describes earlier responsibility for investment and capital decisions at Caruso Affiliated, including work for several generations of its founding family.4
Erik Ridgley is Chief Investment Officer of Salem Partners Wealth Management.4 His published background includes investment leadership at Citigroup Private Bank and earlier equity research and portfolio management at Provident Investment Counsel.4
Goli Kamangar is Chief Operating Officer and Chief Compliance Officer.4 John Dyett and Stephen Prough are identified as founders of both Salem Partners and Salem Partners Wealth Management, with the title Managing Director.4 The firm lists Witte, Kamangar, Dyett and Prough as participants on the wealth management investment committee.4
Services
The firm offers financial planning alongside investment management.2 Its website describes coordinating work with clients’ attorneys, accountants and other advisers.3
Services include quarterly asset and performance reporting, annual tax reports and planning around concentrated shareholdings.3 The firm also describes investment management for trusts, estates and family foundations, along with advice concerning private business transactions, employee stock options and aircraft purchases or leases.3
What the firm offers
- Investment management
- Financial planning
- Tax planning
- Philanthropy
Client focus
The website identifies individuals, families, entrepreneurs and family offices as client groups.3 Its team biographies also describe work with executives, business owners and families with substantial wealth, including planning around executive compensation and liquidity events.4 The supplied Form ADV data records 46 high net worth individual clients as of March 31, 2026.1
Investment philosophy and approach
The firm says it invests over long periods and uses an individual investment policy statement to guide each client’s portfolio.3 It describes assessing objectives, risk tolerance and existing holdings before setting asset allocations.3 Its process includes scenario testing, portfolio monitoring, rebalancing and tax loss harvesting.3 Ridgley’s biography emphasizes investment research and returns after taxes.4
Assets and minimums
The supplied SEC Form ADV data reports regulatory assets under management of $1,497,133,263 as of March 31, 2026.1
By the numbers
| Year | Regulatory AUM | Discretionary | Non-discretionary |
|---|---|---|---|
| 2016 | $371 million | $371 million | $0 |
| 2017 | $312 million | $312 million | $0 |
| 2018 | $255 million | $255 million | $0 |
| 2019 | $276 million | $276 million | $0 |
| 2020 | $295 million | $295 million | $0 |
| 2021 | $282 million | $282 million | $0 |
| 2022 | $334 million | $334 million | $0 |
| 2023 | $331 million | $331 million | $0 |
| 2025 | $413 million | $413 million | $0 |
| 2026 | $1.5 billion | $1.5 billion | $0 |
| Year | Average AUM per client |
|---|---|
| 2018 | $8 million |
| 2019 | $9 million |
| 2020 | $10 million |
| 2021 | $9 million |
| 2022 | $7 million |
| 2023 | $8 million |
| 2025 | $9 million |
| 2026 | $31 million |
| Client type | Clients (2026) |
|---|---|
| High net worth individuals | 46 |
| Other | 3 |
| Year | Employees |
|---|---|
| 2016 | 8 |
| 2017 | 8 |
| 2018 | 8 |
| 2019 | 8 |
| 2020 | 7 |
| 2021 | 7 |
| 2022 | 7 |
| 2023 | 8 |
| 2025 | 8 |
| 2026 | 8 |
Ranks #12 of 22 SEC-registered firms in CA on MultifamilyOffices.com by regulatory AUM.
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 131359. Ranking uses only firms profiled on MultifamilyOffices.com. As of .
FAQs
Where is the firm based?
Its headquarters is in Los Angeles, and the Salem Partners website also lists a branch in Southlake, Texas.2
Does the firm work with entrepreneurs?
Yes. The firm specifically identifies entrepreneurs as clients, and its published team information describes advice for business owners on investment strategy, planning and liquidity events.24
When was the wealth adviser established?
The wealth management business identifies 2004 as its establishment year, and IAPD shows SEC registration effective July 23, 2004.16 The broader Salem Partners organization dates its founding to 1997.2
Related resources
- LocationMultifamily offices in Los Angeles
This directory helps a Los Angeles family compare multifamily office options by service focus and client profile. Reviewing nearby firms can clarify how portfolio management, financial planning, tax coordination, and philanthropy support may fit a wealthy household or business owner's broader advisory needs.
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EstatePlanner.com offers plain language guides on wills, trusts, and related estate decisions. A wealthy Los Angeles family considering portfolio management and financial planning can use these materials to identify estate topics to raise when discussing tax planning, charitable giving, and long term wealth transfer.
- Network siteFamilyOffices.com
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- GuideMultifamily office fees
This fee guide explains common ways multifamily offices may charge for advice and related services. A prospective client can use it to prepare questions about portfolio management, financial planning, tax planning, and philanthropy costs when comparing Los Angeles providers for a family or closely held business.
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Arrowroot Family OfficeProfiles of 5T Wealth, LLC, AG Asset Advisory, LLC, and Arrowroot Family Office offer additional points of comparison on this site. Reading them may help a wealthy individual or business owner contrast stated services, locations, and client focus with the needs they would bring to Salem Partners Wealth Management LLC.
Sources
- SEC Form ADV via IAPD, as of 03/31/2026 Assets and client count from the supplied directory merge. Registration date verified through IAPD. Accessed October 23, 2026.
- Salem Partners website Accessed October 23, 2026.
- Salem Partners Wealth Management services Accessed October 23, 2026.
- Salem Partners team Accessed October 23, 2026.
- Los Angeles Business Journal, Leaders of Influence: Wealth Managers 2023, Erik Ridgley Published March 20, 2023. Accessed October 23, 2026.
- Salem Partners Wealth Management, third quarter 2024 investment letter As of third quarter 2024. Indexed text accessed October 23, 2026.
This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.
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