Dba Family Wealth Leadership

CRD#111203
Investment Advisor Firm

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Overview

Dba Family Wealth Leadership operates as a financial advisor firm headquartered in Irvine, California. The firm handles $33.1 million in assets throughout 127 accounts. It has a small team of two employees, all of whom are financial advisors. Dba Family Wealth Leadership is not a registered broker-dealer, meaning the firm 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 tradable fiscal assets like bonds, equities and options.

Dba Family Wealth Leadership oversees all of its accounts on a discretionary basis. Discretionary management means that buy and sell judgments are made by an investment advisor without needing the client's consent. The company supervises about $260,866 for every customer account. 33130000 of its investments for financial planning services were in securities, with $100,001 to $500,000 invested in non-securities. The typical advisor at Dba Family Wealth Leadership manages about 64 client accounts, making it about average in terms of personalization.

The company's central office is at 2 Venture, Suite 460, Irvine, California 92618. The firm is permitted to provide services to customers throughout a number of states, including Arizona, California and Texas.

Assets Under Management

$33.1 million

Number of Advisors

2

Disclosures

No

Office Location

2 Venture, Suite 460
Irvine, CA 92618

Dba Family Wealth Leadership by the Numbers

Total Assets Under Management

$33.1 million

National Average: $3.7 billion
Total Number of Employees

2

National Average: 29
Total Number of Accounts

127

National Average: 2,073
Average Account Size

$260.9 thousand

National Average: $1.8 million

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Products and Services

Dba Family Wealth Leadership provides multiple services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters and educational seminars. In the past fiscal year, Dba Family Wealth Leadership provided 1-10 of its customers with financial planning services. Dba Family Wealth Leadership is involved in selling products or offering services other than investment advisory services to its clients. Dba Family Wealth Leadership also has a number of financial industry affiliations, including with a real estate broker or dealer.

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

  • Offered by 23% of firms

    Selection of Other Advisors

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

  • Offered by 4% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

A financial advisor's fees are based on the services provided. Fees charged by Dba Family Wealth Leadership likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Dba Family Wealth Leadership. The company can 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.

  • Offered by 40% 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 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 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 and high net worth investors. Out of its 127 clients, Dba Family Wealth Leadership's largest client group by number of accounts is retail investors, but it also caters to 26 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 20.63%
  • Other Individuals - 79.37%
  • 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

Dba Family Wealth Leadership does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Dba Family Wealth Leadership

John Dade
Laguna Hills, CA
Kevin Kolson
Ladera Ranch, CA
Clifford Kolson
Irvine, CA

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This content was compiled from the SEC and FINRA