Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg

CRD#156588
Investment Advisor Firm

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Learn more about Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg

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

    • Overview

    Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg is an advisory company headquartered in Woodland Hills, California. Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg controls $107.6 million in assets over 204 accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). It has a small team, including 1 financial advisor. Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments like equities, options and bonds.

    Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg manages 178 of the firm's client assets in a discretionary manner. Discretionary management means that buy and sell decisions are made by an investment advisor without requiring the customer's consent. It also has 26 non-discretionary accounts with a total of $44.9 million in assets. The firm's typical account size is $527,506. The typical advisor at Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg administers around 204 client accounts.

    The firm's main office is at 5950 Canoga Avenue, Woodland Hills, California 91367. The company is legally registered to provide services to customers in the state of California.

    Assets Under Management

    $107.6 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    5950 Canoga Avenue
    Woodland Hills, CA 91367

    Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg by the Numbers

    Total Assets Under Management

    $107.6 million

    National Average: $8.6 billion
    Total Number of Employees

    5

    National Average: 64
    Total Number of Accounts

    204

    National Average: 375,227
    Average Account Size

    $527.5 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees usually are based on the type of services provided. Fees charged by the company typically consist of the following fee structure: asset-based. The firm does not supply 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.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      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.

    • 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 32% 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 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.

    Back to Overview

    Types of Clients

    Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg caters to retail investors, high net worth investors and pension plans. Out of its 204 accounts, Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg's biggest client group by number of accounts is pension plans, though it also serves 22 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management 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 accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 10.78%
    • Other Individuals - 39.71%
    • Corporations - 49.51%
    • 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

    Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Golden K Plans And Wealth Management A Dba Of Golden K Wealth Mg

    Sal Kargodorian
    Woodland Hills, CA

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