Apriem Advisors

CRD#108188
Investment Advisor Firm

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Overview

Apriem Advisors operates as an advisory firm that has its headquarters in Irvine, California. The company oversees $760.2 million in assets under management throughout 1,987 client accounts, making it one of the larger financial advisory firms in the country by assets under management (AUM). Apriem Advisors has a small team of 14 employees, including eight financial advisors. Apriem Advisors is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are exchangable financial investments such as bonds, options and stocks.

Apriem Advisors manages 1,982 of the company's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor makes transaction choices without needing to seek the customer's consent. The company also administers five non-discretionary accounts with a total of $4.0 million in AUM. The advisory firm's typical account size is $382,587. The average financial advisor at Apriem Advisors administers about 248 client accounts.

The firm's main office is located at 19200 Von Karman Avenue, Irvine, California 92612. The company is registered to provide services to clients throughout 13 U.S. states and territories.

Assets Under Management

$760.2 million

Number of Advisors

8

Disclosures

No

Office Location

19200 Von Karman Avenue
Irvine, CA 92612

Apriem Advisors by the Numbers

Total Assets Under Management

$760.2 million

National Average: $3.7 billion
Total Number of Employees

14

National Average: 29
Total Number of Accounts

1,987

National Average: 2,073
Average Account Size

$382.6 thousand

National Average: $1.8 million

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Products and Services

Financial services that Apriem Advisors offers include financial planning services and portfolio management for individuals and small businesses. In the last fiscal year, the company provided 101-250 of its clients with financial planning services. The company does sell products or offer services apart from investment advisory services to its customers.

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 62% 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 typically depend on which services are offered. Fees charged by the firm can include the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

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.

  • Offered by 17% of firms

    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.

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 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

The firm provides services to retail investors, high net worth investors and charitable organizations. Out of its 1,987 customers, Apriem Advisors's biggest client by number of accounts is retail investors, though it also serves 201 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 31.46%
  • Other Individuals - 67.76%
  • Corporations - 0%
  • Charitable Organizations - 0.78%

* 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

Apriem Advisors does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Apriem Advisors

Alan Ahmatovic
Irvine, CA
Joshua Garland
Irvine, CA
Jennifer Olson
Irvine, CA
Landon Yoshida
Irvine, CA
Benjamin Lau
Irvine, CA
Rhonda Ducote
Irvine, CA
Harmon Kong
Irvine, CA
Mark Iwamoto
Irvine, CA

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This content was compiled from the SEC and FINRA