Ascend Financial Advisers, Inc

CRD#113273
Investment Advisor Firm

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Overview

Ascend Financial Advisers, Inc is a financial advisor firm headquartered in Irvine, California. The company administers $23.1 million in assets under management over 91 client accounts. The firm has a small group of one employee who is a financial advisor. Ascend Financial Advisers, Inc does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal assets like equities, options and bonds.

Ascend Financial Advisers, Inc manages all of the firm's client assets in a discretionary manner. Discretionary management means that an investment advisor makes transaction judgments without needing to seek the client's consent. The investment advisory firm's typical account size is $253,627. 7000000 of their financial planning investments were in securities, with $500,001 to $1,000,000 placed in non-securities. An average financial advisor at Ascend Financial Advisers, Inc oversees around 91 client accounts.

Ascend Financial Advisers, Inc's central office is at 300 Spectrum Center Drive, Irvine, California 92618. The firm is allowed to serve investors in the state of California.

Assets Under Management

$23.1 million

Number of Advisors

1

Disclosures

No

Office Location

300 Spectrum Center Drive
Irvine, CA 92618

Ascend Financial Advisers, Inc by the Numbers

Total Assets Under Management

$23.1 million

National Average: $3.7 billion
Total Number of Employees

1

National Average: 29
Total Number of Accounts

91

National Average: 2,073
Average Account Size

$253.6 thousand

National Average: $1.8 million

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Products and Services

Services provided by Ascend Financial Advisers, Inc can include financial planning services and portfolio management for individuals and small businesses. In the past financial year, it provided financial planning services to 101-250 of its clients. The firm is not engaged in selling products or offering services apart from investment advice to its investment advisory clients. It is also affiliated with one or more other companies in the financial services industry, including with a lawyer or law firm.

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 advisory fees are based on the type of services provided. Fees billed by the firm can include the following fee types: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Ascend Financial Advisers, Inc. Ascend Financial Advisers, Inc is able to withdraw its charges directly from client funds.

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 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.

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 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 and high net worth investors. Out of its 91 customers, Ascend Financial Advisers, Inc's largest client is retail investors, although it also serves 11 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor 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 its clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 12.09%
  • Other Individuals - 87.91%
  • 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

Ascend Financial Advisers, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Ascend Financial Advisers, Inc

Rand Borresen
Irvine, CA

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This content was compiled from the SEC and FINRA