Clarity Wealth Management, Inc

CRD#153258
Investment Advisor Firm

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Overview

Clarity Wealth Management, Inc operates as an advisory company that has its headquarters in Irvine, California. The company oversees $85.7 million in assets over 220 accounts. The firm has a small team of four employees, including three financial advisors. Clarity Wealth Management, Inc does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like bonds, options and stocks.

Clarity Wealth Management, Inc oversees 211 of the company's accounts on a discretionary basis. Discretionary management signifies that an investment advisor makes transaction judgments without needing to seek client consent. Clarity Wealth Management, Inc also manages nine non-discretionary accounts with a total of $938,998 in assets under management. Clarity Wealth Management, Inc manages about $389,340 for each customer account. 60000000 of their investments for financial planning services were in securities, with 36000000 invested in non-securities. An average financial advisor at Clarity Wealth Management, Inc manages around 73 client accounts, making it about average in terms of personalization.

Clarity Wealth Management, Inc's main office is located at 16440 Bake Parkway, Irvine, California 92618. The firm is legally allowed to serve customers in the state of California.

Assets Under Management

$85.7 million

Number of Advisors

3

Disclosures

No

Office Location

16440 Bake Parkway
Irvine, CA 92618

Clarity Wealth Management, Inc by the Numbers

Total Assets Under Management

$85.7 million

National Average: $3.7 billion
Total Number of Employees

4

National Average: 29
Total Number of Accounts

220

National Average: 2,073
Average Account Size

$389.3 thousand

National Average: $1.8 million

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Products and Services

Clarity Wealth Management, Inc offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses and pension consulting services. In the past fiscal year, Clarity Wealth Management, Inc provided 26-50 of its customers with financial planning services. Clarity Wealth Management, Inc does not sell products or offer services aside from investment advice to its investment advisory accounts.

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

Fees charged by financial advisors vary depending on which services are offered. However, fee types billed by Clarity Wealth Management, Inc most likely consist of the following fee types: asset-based or hourly. Clarity Wealth Management, Inc does not provide a wrap fee program, in which the company offers a service bundle for a single fee. The firm has the ability to withdraw the charges directly from customer 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 company provides services to retail investors, high net worth investors and pension plans. Out of its 220 clients, Clarity Wealth Management, Inc's biggest client is retail investors, though it also serves 28 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 deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 38.36%
  • Other Individuals - 50.68%
  • Corporations - 10.96%
  • 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 Wealth Management, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Clarity Wealth Management, Inc

Tyler Ondatje
Irvine, CA
Gina Chironis
Irvine, CA
Thomas O'Connor
Irvine, CA
Diedre Dodson
Jurupa Valley, CA

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This content was compiled from the SEC and FINRA