Elk River Wealth Management Llc
- Regulatory AUM
- $971M
- Discretionary
- $959M
- Clients
- 285
- Avg AUM / client
- $3.4M
- Accounts
- 806
- Employees
- 11
AUM over time
Annual snapshots from Form ADV filings · as of Feb 24, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 111 | $53.8M | 5.53% |
| High net worth individuals | 140 | $837M | 86.2% |
| Charitable organizations | 19 | $2.8M | 0.29% |
| Corporations and other businesses | 15 | $77.4M | 7.97% |
People (9)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Phoenix, John, Graham | Partner | Jan 2020 (7y) | Less than 5% | |
| Christopher Cline Freimuth | Chief Executive Officer And Chief Investment Officer | CFA | Feb 2020 (7y) | ≈ 28.13% – 75% via Covey Rise Capital 0215, Llc |
| Hummel, Jay, William | Partner | Feb 2020 (7y) | Less than 5% | |
| Rita Koch Day | Chief Compliance Officer | Feb 2020 (7y) | Less than 5% | |
| Juliet M Hull | Registered representative | CFP | Mar 2020 (6y) | |
| Brooks William Merrifield | Registered representative | Mar 2020 (6y) | ||
| Corey Alan Gragg | Registered representative | CFP | Nov 2020 (6y) | |
| Joseph Thomas Rusinko | Registered representative | CFA | Aug 2021 (5y) | |
| Josh William Weisel | Registered representative | CFA | May 2023 (3y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Elk River Wealth Holdings, Llc | Managing Member | Feb 2020 | A | 75% or more |
| Covey Rise Capital 0215, Llc | Managing Member | Mar 2020 | B | ≈ 37.5% – 75% via Elk River Wealth Holdings, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Christopher Cline Freimuth: 75% – 100% of Covey Rise Capital 0215, Llc × 50% – 75% of Elk River Wealth Holdings, Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Covey Rise Capital 0215, Llc: 50% – 75% of Elk River Wealth Holdings, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 02/24/2026 | 942 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Selection of other advisers
Custody
Reported custodians
- Fidelity Brokerage Services $833M (86% of AUM) Feb 2026
- Charles Schwab & Co. $114M (12% of AUM) Feb 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Feb 24, 2026.
View current Form ADV (SEC/IAPD) ↗