Clarity Capital Partners

CRD#129898
Investment Advisor Firm

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Overview

Clarity Capital Partners operates as a financial advisory firm located in Newport Beach, California. It manages $301.3 million in total assets throughout 769 accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). Clarity Capital Partners has a small team, including 9 financial advisors. Clarity Capital Partners does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments like stocks, bonds and options.

Clarity Capital Partners administers all of the company's client assets on a discretionary basis. Discretionary management signifies that transaction judgments are made by an investment advisor without needing to seek the customer's consent. The firm's average account size is $391,832. An average financial advisor at Clarity Capital Partners manages about 85 client accounts.

The company's central office is located at 5000 Birch Street, Ste 100, Newport Beach, California 92660. The firm is legally allowed to provide services to customers throughout 19 U.S. states and territories.

Assets Under Management

$301.3 million

Number of Advisors

9

Disclosures

No

Office Location

5000 Birch Street, Ste 100
Newport Beach, CA 92660

Clarity Capital Partners by the Numbers

Total Assets Under Management

$301.3 million

National Average: $8.6 billion
Total Number of Employees

10

National Average: 64
Total Number of Accounts

769

National Average: 375,227
Average Account Size

$391.8 thousand

National Average: $23.0 thousand
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Products and Services

Clarity Capital Partners offers multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the last fiscal year, the company provided financial planning services to 51-100 of its clients. The firm is not engaged in selling products or offering services other than investment advice to its investment advisory 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.

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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 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.

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    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 charged by financial advisors usually are based on which service is provided. However, fee types billed by the company most likely are comprised of some combination of the following fee structures: asset-based, hourly, fixed or performance-based. The firm does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.

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 26% 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.

  • Offered by 32% 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 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 0% 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 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

Clarity Capital Partners works with a number of different customers. It provides services to retail investors, high net worth investors, pooled investment vehicles, pension plans and corporations. Out of its 769 accounts, Clarity Capital Partners's biggest client type by number of accounts is retail investors, though it also caters to 57 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor 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 accounts reside abroad.

  • High-Net-Worth Individuals* - 20.96%
  • Other Individuals - 67.65%
  • Corporations - 11.4%
  • 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

Clarity Capital Partners does not have any disclosures.

Please visit its Form ADV for more details.

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