Babb Wealth Advisors LLC

CRD#298347
Investment Advisor Firm

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Overview

Babb Wealth Advisors LLC is an advisory firm based in Flagstaff, Arizona. Babb Wealth Advisors LLC has $106.1 million in total assets throughout 682 client accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). The firm has a small group, including 3 financial advisors. Babb Wealth Advisors LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets like bonds, equities and options.

Babb Wealth Advisors LLC oversees all of its accounts in a discretionary manner. Discretionary management is a structure in which buy and sell judgments for the client's account are made by an investment advisor without requiring client consent. Babb Wealth Advisors LLC's typical account size is $155,522. The average advisor at Babb Wealth Advisors LLC oversees around 227 client accounts.

The firm's headquarters is at 19 W. Aspen Avenue, Flagstaff, Arizona 86001. Babb Wealth Advisors LLC is legally permitted to serve investors across a number of states, including Arizona, California, Colorado, Louisiana, Oregon and Texas.

Assets Under Management

$106.1 million

Number of Advisors

3

Disclosures

No

Office Location

19 W. Aspen Avenue
Flagstaff, AZ 86001

Babb Wealth Advisors LLC by the Numbers

Total Assets Under Management

$106.1 million

National Average: $8.6 billion
Total Number of Employees

5

National Average: 64
Total Number of Accounts

682

National Average: 375,227
Average Account Size

$155.5 thousand

National Average: $23.0 thousand
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Products and Services

Services provided by Babb Wealth Advisors LLC include portfolio management for individuals and small businesses and selection of other advisers. The firm does not sell products or offer services aside from investment advice to its investment advisory customers. The company also has a number of financial industry affiliations, including with an insurance company or agency.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial management fees usually are based on which services the firm provides the client. Fee types billed by the firm most likely include the following fee types: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

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    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

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    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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Types of Clients

The company caters to retail investors, high net worth investors and corporations. Out of its 682 accounts, Babb Wealth Advisors LLC's largest client group is retail investors, although it also manages money for 35 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 10.87%
  • Other Individuals - 88.82%
  • Corporations - 0.31%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Babb Wealth Advisors LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Babb Wealth Advisors LLC

Ronald Getto
Flagstaff, AZ
Kathleen Schroeder
Flagstaff, AZ
Travis Babb
Flagstaff, AZ

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