Anchor Wealth Management, LLC

CRD#287635
Investment Advisor Firm

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Overview

Anchor Wealth Management, LLC is an advisory company that has its headquarters in Irvine, California. It has $78.9 million in assets over 168 customer accounts. It has a small group of one employee who is a financial advisor. Anchor Wealth Management, LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like bonds, stocks and options.

Anchor Wealth Management, LLC manages all of the company's accounts in a discretionary manner. Discretionary management signifies that transaction decisions are made by a portfolio manager without requiring the customer's authorization. The firm's average account size is $469,492. The average financial advisor at Anchor Wealth Management, LLC manages around 168 client accounts.

Anchor Wealth Management, LLC's main office is located at 9891 Irvine Center Drive, Irvine, California 92618. The company is legally allowed to provide services to investors throughout a few states, including Arizona, California and Texas.

Assets Under Management

$78.9 million

Number of Advisors

1

Disclosures

No

Office Location

9891 Irvine Center Drive
Irvine, CA 92618

Anchor Wealth Management, LLC by the Numbers

Total Assets Under Management

$78.9 million

National Average: $3.7 billion
Total Number of Employees

1

National Average: 29
Total Number of Accounts

168

National Average: 2,073
Average Account Size

$469.5 thousand

National Average: $1.8 million

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Fee Structure

Fees for financial management usually are based on which services the firm provides the client. However, fee types billed by the firm typically consist of the following fee structures: asset-based. The firm participates in a wrap fee program, in which the company offers a bundle of services for a single fee. The firm is able to withdraw its expenses directly from customer accounts.

Available

  • Offered by 74% 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.

Unavailable

  • Find one of the 35% 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 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 40% of firms that offer this fee type

    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.

  • 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

Anchor Wealth Management, LLC provides services to retail investors and high net worth investors. Out of its 168 clients, Anchor Wealth Management, LLC's biggest client type is retail investors, although it also manages money for 41 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 32.54%
  • Other Individuals - 67.46%
  • 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

Anchor Wealth Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Anchor Wealth Management, LLC

Tim Chen
Irvine, CA

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This content was compiled from the SEC and FINRA