Balboa Wealth Partners, Inc

CRD#282329
Investment Advisor Firm

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Learn more about Balboa Wealth Partners, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Balboa Wealth Partners, Inc is an advisory firm that has its headquarters in Scottsdale, Arizona. The company manages $469.1 million in assets under management throughout 1,684 client accounts, making it one of the bigger financial advisory firms in the country by assets under management (AUM). The firm has a small team, including 21 financial advisors. Balboa Wealth Partners, Inc does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial assets like bonds, stocks and options.

    Balboa Wealth Partners, Inc manages more than half of the firm's client assets on a discretionary basis. Discretionary management signifies that buy and sell judgments for the client's account are made by a portfolio manager without requiring client approval. It also manages 176 non-discretionary accounts totaling $36.5 million in AUM. The investment advisory firm's average account size is $278,545. An average advisor at Balboa Wealth Partners, Inc oversees around 80 client accounts.

    The firm's headquarters is located at 6263 North Scottsdale Road, Scottsdale, Arizona 85250. Balboa Wealth Partners, Inc is legally registered to provide services to customers throughout 13 U.S. states and territories.

    Assets Under Management

    $469.1 million

    Number of Advisors

    21

    Disclosures

    No

    Office Location

    6263 North Scottsdale Road
    Scottsdale, AZ 85250

    Balboa Wealth Partners, Inc by the Numbers

    Total Assets Under Management

    $469.1 million

    National Average: $8.6 billion
    Total Number of Employees

    30

    National Average: 64
    Total Number of Accounts

    1,684

    National Average: 375,227
    Average Account Size

    $278.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Balboa Wealth Partners, Inc offers a variety of services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the past fiscal year, it provided 26-50 of its clients with financial planning services. It is engaged in selling products or offering services aside from investment advice to its clients.

    Core Advisor Services

    • Offered by 31% 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 46% 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

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      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 typically depend on which services the firm provides the client. However, fees billed by the company may include the following fee structures: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

    Available

    • Offered by 69% 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 21% 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 0% of firms

      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.

    Unavailable

    • Find one of the 1% 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 26% 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 32% 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 10% 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

    Balboa Wealth Partners, Inc caters to retail investors, high net worth investors and pension plans. Out of its 1,684 customers, Balboa Wealth Partners, Inc's largest client is retail investors, though it also caters to 121 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual 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). Just 1% of its customers are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 15.73%
    • Other Individuals - 82.57%
    • Corporations - 1.69%
    • 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

    Balboa Wealth Partners, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Balboa Wealth Partners, Inc

    Enedina Grijalva
    Scottsdale, AZ
    Richard Brydges
    La Jolla, CA
    John Vilina
    Mission Viejo, CA
    Ian Crawford
    Scottsdale, AZ
    Jeremy Tate
    Newport Beach, CA
    Jake Frankel
    Brooklyn, NY
    Gregory Hermes
    Scottsdale, AZ
    Kozen Tsukamoto
    Scottsdale, AZ
    Rodolfo Rodriguez
    San Diego, CA

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