Business Details
16 Years
experience
Your Trusted Partner for Financial Planning Solutions in Memphis
Red Door Wealth Management was founded in 2010 through a strategic partnership with Memphis-based accounting firm Cannon Wright Blount. Our mission centers on simplifying financial complexities for individuals, families, and privately held businesses by removing financial burdens and streamlining clients' financial worlds. We operate as fiduciaries committed to putting clients' interests first, offering comprehensive financial planning services that integrate investment management, retirement strategies, and business transition guidance. Our fee-only structure eliminates conflicts of interest while our team of experienced advisors creates customized portfolios aligned with clients' risk tolerance and long-term goals. We distinguish ourselves through a unique partnership model that combines accounting expertise with financial advisory services under one roof.Our investment philosophy emphasizes buying and holding quality companies in a tax-efficient manner while continuously monitoring portfolios to adapt to changing market conditions. We prioritize relationship-building through regular face-to-face meetings, educational events, and proactive communication about important financial matters. Our approach to wealth management extends beyond numbers to focus on empowering clients to live less stressful, more fulfilling lives. We serve small business owners and service professionals seeking objective financial advice from a trusted partner with demonstrated expertise in navigating complex financial landscapes.
Services
Personal Advising
Retirement Plans
Family Office
Strategic Advisory
Details
- Year established: 2010
Highlights and features
- We operate as registered fiduciaries required to put your interests first at all times
- Our fee-only structure eliminates conflicts of interest found in commission-based models
- Unique partnership with accounting firm Cannon Wright Blount provides integrated financial solutions
- Experienced advisors specialize in serving small business owners and service professionals
- We combine investment management with comprehensive financial planning under one roof
Services
Personal Advising
Our personalized financial advising creates customized investment strategies aligned with individual goals and risk tolerance. We combine comprehensive financial planning with portfolio management to help clients achieve long-term objectives. Our fiduciary advisors work closely with clients to develop tailored solutions that evolve with changing life circumstances.
Retirement Plans
We provide unbiased retirement plan guidance for business owners and administrators. Our fiduciary services help establish and manage retirement programs that meet regulatory requirements while optimizing benefits for employees. We focus on creating sustainable retirement solutions that align with business objectives.
Family Office
Our family office services support business owners transitioning from operational roles to asset management. We handle daily operations of private wealth entities while implementing strategies to preserve and grow family assets across generations through comprehensive wealth transfer planning.
Strategic Advisory
We guide business owners through critical transition phases, particularly business sales. Our strategic advisory focuses on maximizing enterprise value while navigating complex transactions. We help clients avoid common pitfalls during ownership transfers to ensure successful business succession outcomes.
People
Fred Hiatt
Founding Partner
Co-founded Red Door Wealth Management in 2010 with extensive financial advisory experience. Brings strategic leadership to the firm's wealth management approach while maintaining client relationships.
John Phillips
Founding Partner
Helped establish Red Door Wealth Management through innovative partnership model. Provides financial expertise and oversees investment strategies for high-net-worth clients and business owners.
Questions
What financial services do you specialize in?
We specialize in personal financial advising, retirement planning, family office services, and strategic advisory for business transitions.
Are you legally required to act as a fiduciary?
Yes, we operate as registered fiduciaries required to put client interests first at all times in our investment recommendations.
How does your fee-only structure benefit clients?
Our fee-only compensation model eliminates conflicts of interest by not accepting commissions or transaction-based payments for financial products.
Do you work with small business owners?
Yes, we specifically serve small business owners needing objective financial advice through our integrated wealth management approach.
What makes you different from other advisors?
Our unique partnership with an accounting firm provides comprehensive financial solutions combining investment management with tax planning expertise.
