Insight Wealth Strategies, Lp

CRD#151437
Investment Advisor Firm

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Overview

Insight Wealth Strategies, Lp is a financial advisor firm that has its headquarters in Irvine, California. It controls $80.0 million in assets over 181 customer accounts. It has a small group of one employee who is a financial advisor. Insight Wealth Strategies, Lp does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like options, equities and bonds.

Insight Wealth Strategies, Lp administers all of its client assets on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make transaction judgments for the client's account without needing to seek client consent. The advisory firm supervises roughly $441,994 in assets for each client account. The typical financial advisor at Insight Wealth Strategies, Lp oversees around 181 client accounts.

The company's central office is located at 100 Pacifica, Irvine, California 92618. The firm is legally allowed to provide services to customers in the state of California.

Assets Under Management

$80.0 million

Number of Advisors

1

Disclosures

No

Office Location

100 Pacifica
Irvine, CA 92618

Insight Wealth Strategies, Lp by the Numbers

Total Assets Under Management

$80.0 million

National Average: $3.7 billion
Total Number of Employees

1

National Average: 29
Total Number of Accounts

181

National Average: 2,073
Average Account Size

$442.0 thousand

National Average: $1.8 million

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Fee Structure

Financial management fees typically are based on which service is offered. However, fees billed by Insight Wealth Strategies, Lp typically consist of the following fee structures: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Insight Wealth Strategies, Lp. The company has the ability to withdraw the expenses 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.

Unavailable

  • Find one of the 35% 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 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

Insight Wealth Strategies, Lp provides services to retail investors and high net worth investors. Out of its 181 accounts, Insight Wealth Strategies, Lp's biggest client is high net worth investors, although it also manages money for 30 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 62.5%
  • Other Individuals - 37.5%
  • 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

Insight Wealth Strategies, Lp does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Insight Wealth Strategies, Lp

Donald Mccormick
Irvine, CA

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This content was compiled from the SEC and FINRA