Financial Management Network Inc
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Overview
Financial Management Network Inc operates as an advisory company based in Mission Viejo, California. The company controls $1.3 billion in assets under management throughout 4,275 accounts, placing it among the biggest firms in the United States by assets under management (AUM). The firm has an average-sized team, including 21 financial advisors. Financial Management Network Inc is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like stocks, bonds and options.
Financial Management Network Inc oversees more than half of the company's accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor makes buy and sell choices without requiring the client's approval. The firm also administers 335 non-discretionary accounts with a total of $340.2 million in assets under management. The advisory firm's typical account size is $310,371. An average advisor at Financial Management Network Inc oversees around 204 client accounts.
The company's main office is located at 26041 Acero, Mission Viejo, California 92691. It is permitted to provide services to customers throughout 16 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Financial Management Network Inc by the Numbers
$1.3 billion
47
4,275
$310.4 thousand
Products and Services
Financial Management Network Inc offers multiple services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and pension consulting services. In the past financial year, it provided 51-100 of its clients with financial planning services. The firm is involved in selling products or offering services different than investment advisory services to its customers. The company also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, insurance company or agency and real estate broker or dealer.
Core Advisor Services
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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.
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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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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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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.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees typically depend on which services the firm provides the client. Fees billed by Financial Management Network Inc likely consist of any combination of the following fee types: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
The company does business with a broad range of customers. It caters to retail investors, high net worth investors, pension plans, insurance companies and corporations. Out of its 4,275 customers, Financial Management Network Inc's largest client group is retail investors, though it also serves 291 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 more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are from outside of the U.S.
- High-Net-Worth Individuals* - 21.62%
- Other Individuals - 66.27%
- Corporations - 12.11%
- 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
Financial Management Network Inc does not have any disclosures.
Please visit its Form ADV for more details.
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