Montebello Avenue

CRD#287726
Investment Advisor Firm

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Overview

Montebello Avenue operates as an advisory company headquartered in Scottsdale, Arizona. It handles $3.0 million in total assets across 23 customer accounts. Montebello Avenue has a small group of one employee who is a financial advisor. Montebello Avenue does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like bonds, options and stocks.

Montebello Avenue manages more than half of the company's accounts on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make transaction judgments for the client's account without requiring client permission. It also oversees two non-discretionary accounts with a total of $318,777 in assets. The firm's typical account size is $132,366. Under $100,000 of their investments for financial planning services were in securities, with under $100,000 invested in non-securities. An average financial advisor at Montebello Avenue manages around 23 client accounts, making it one of the more individualized firms in the country.

Montebello Avenue's central office is at 7135 E. Camelback Road, Scottsdale, Arizona 85251. It is legally registered to provide services to investors in the state of Arizona.

Assets Under Management

$3.0 million

Number of Advisors

1

Fee Structure

Asset-based, Fixed

Disclosures

No

Office Location

7135 E. Camelback Road
Scottsdale, AZ 85251

Montebello Avenue by the Numbers

Total Assets Under Management

$3.0 million

National Average: $3.3 billion
Total Number of Employees

1

National Average: 4,943
Total Number of Accounts

23

National Average: 2,522
Average Account Size

$132.4 thousand

National Average: $1.3 million

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Products and Services

Montebello Avenue offers a number of services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the past financial year, the company provided financial planning services to 1-10 of its accounts. It is not engaged in selling products or offering services other than investment advisory services to its investment advisory clients.

Core Advisor Services

  • Offered by 45% 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 63% 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 23% 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

Fees for financial management vary depending on which services the firm provides the client. Fees billed by the company can consist of any blend of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the company. Montebello Avenue can withdraw the fees directly from client funds.

Available

  • Offered by 75% 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 40% 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 37% 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 3% 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

It caters to retail investors. Out of its 23 accounts, Montebello Avenue's biggest client type is retail investors. None of the company's accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • 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

Montebello Avenue does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA