Confidence Wealth Management, LLC

CRD#127383
Investment Advisor Firm

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Learn more about Confidence Wealth Management, LLC

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

    • Overview

    Confidence Wealth Management, LLC is a financial advisory company that has its headquarters in Henderson, Nevada. Confidence Wealth Management, LLC controls $198.1 million in assets over 1,566 client accounts, making it a mid-tier financial advisory firm in the country by assets under management (AUM). The company has a small group, including 10 financial advisors. Confidence Wealth Management, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are tradable fiscal investments like options, bonds and equities.

    Confidence Wealth Management, LLC manages more than half of its accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor makes transaction decisions without needing to seek the client's authorization. The company also manages 146 non-discretionary accounts with a total of $1.7 million in AUM. Confidence Wealth Management, LLC manages an average of $126,478 for each account. The average advisor at Confidence Wealth Management, LLC oversees around 157 client accounts.

    The company's main office is located at 170 S Green Valley Pkwy, Henderson, Nevada 89012. The firm is legally registered to provide services to investors across 8 states, including Alaska, Arizona, California, Colorado, Florida, Nevada, Texas and Washington.

    Assets Under Management

    $198.1 million

    Number of Advisors

    10

    Disclosures

    No

    Office Location

    170 S Green Valley Pkwy
    Henderson, NV 89012

    Confidence Wealth Management, LLC by the Numbers

    Total Assets Under Management

    $198.1 million

    National Average: $8.6 billion
    Total Number of Employees

    20

    National Average: 64
    Total Number of Accounts

    1,566

    National Average: 375,227
    Average Account Size

    $126.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Confidence Wealth Management, LLC provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the prior financial year, it provided 251-500 of its clients with financial planning services. Confidence Wealth Management, LLC does sell products or offer services apart from investment advisory services to its customers. The company is also affiliated with one or more other companies in the financial services industry, including with an insurance company or agency.

    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

    Financial management fees typically vary depending on which services are offered. Fee types billed by the company most likely are comprised of the following fee structures: asset-based, hourly or fixed. The firm does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive 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 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 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 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

    Confidence Wealth Management, LLC works with retail investors, high net worth investors and pension plans. Out of its 1,566 clients, Confidence Wealth Management, LLC's largest client is retail investors, but it also caters to 248 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM 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* - 42.98%
    • Other Individuals - 56.67%
    • Corporations - 0.35%
    • 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

    Confidence Wealth Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Confidence Wealth Management, LLC

    Richard Boyd
    San Diego, CA
    Sergio Torres
    Henderson, NV
    James Egerstrom
    Torrance, CA
    Gale Lacson-Groman
    Henderson, NV
    Silvia Chi
    Henderson, NV
    Joseph Patneaude
    Palm Harbor, FL
    Yim Ming Ng
    Henderson, NV
    David Lauritzen
    Henderson, NV
    Crystal Oculee
    Henderson, NV

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    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.