Cole Wealth Management, LLC

CRD#134509
Investment Advisor Firm

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Overview

Cole Wealth Management, LLC operates as a financial advisory firm that has its headquarters in Scottsdale, Arizona. The company manages $110.8 million in assets over 260 accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). It has a small team of four employees, all of whom are financial advisors. Cole Wealth Management, LLC does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets like options, stocks and bonds.

Cole Wealth Management, LLC administers all of the firm's accounts in a discretionary manner. Discretionary management means that a portfolio manager makes transaction choices for the client's account without needing to seek client authorization. The firm's typical account size is $426,154. The average advisor at Cole Wealth Management, LLC administers around 65 client accounts, making it about average in terms of personalization.

The firm's main office is located at 9332 E Raintree Dr, Scottsdale, Arizona 85260. Cole Wealth Management, LLC is legally registered to serve clients across a few states, including Arizona, California, Florida, North Dakota and Texas.

Assets Under Management

$110.8 million

Number of Advisors

4

Disclosures

No

Office Location

9332 E Raintree Dr
Scottsdale, AZ 85260

Cole Wealth Management, LLC by the Numbers

Total Assets Under Management

$110.8 million

National Average: $3.3 billion
Total Number of Employees

4

National Average: 31
Total Number of Accounts

260

National Average: 1,935
Average Account Size

$426.2 thousand

National Average: $1.7 million

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Products and Services

Cole Wealth Management, LLC offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and other services. In the past fiscal year, the company provided 251-500 of its clients with financial planning services. The firm is involved in selling products or offering services different than investment advice to its customers.

Core Advisor Services

  • Offered by 44% of firms

    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 61% of firms

    Portfolio Management

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

  • Find a firm that offers this service

    Market Timing Services

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

Other Services

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Fee Structure

Financial management fees usually depend on which services the firm provides the client. Fees charged by the company can include some combination of the following fee structures: asset-based, hourly or fixed. The firm does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

Available

  • Offered by 72% of firms

    Percentage of Assets

    Show Explanation

    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 35% of firms

    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.

  • Offered by 39% of firms

    Fixed

    Show Explanation

    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.

Unavailable

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    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 17% 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 1% 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 12% of firms that offer this fee type

    Other

    Show Explanation

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

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Types of Clients

Cole Wealth Management, LLC caters to retail investors and high net worth investors. Out of its 260 clients, Cole Wealth Management, LLC's largest client group is retail investors, though it also caters to 60 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 23.08%
  • Other Individuals - 76.92%
  • Corporations - 0%
  • 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

Cole Wealth Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Cole Wealth Management, LLC

Robert Di Carlo
Scottsdale, AZ
Eric Stern
Scottsdale, AZ
Jay Gehrke
Scottsdale, AZ
Paul Macias
Scottsdale, AZ
Christopher O'Brien
Scottsdale, AZ
Martin Cole
Scottsdale, AZ

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This content was compiled from the SEC and FINRA