Marrick Wealth

CRD#164758
Investment Advisor Firm

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Overview

Marrick Wealth is a financial advisor company that has its headquarters in Irvine, California. The company manages $92.0 million in assets over 280 accounts. Marrick Wealth has a small team of four employees, of which three are financial advisors. Marrick Wealth does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial investments such as bonds, stocks and options.

Marrick Wealth oversees more than half of its client assets in a discretionary manner. Discretionary management means that a portfolio manager has the discretion to make buy and sell judgments for the client's account without needing to seek the client's approval. The firm also manages 31 non-discretionary accounts totaling $8.3 million in assets. Marrick Wealth's average account size is $328,538. Under $100,000 of its investments for financial planning services were in securities, with under $100,000 placed in non-securities. An average financial advisor at Marrick Wealth manages about 93 client accounts.

The firm's central office is at 2211 Michelson Drive, Irvine, California 92612. The firm is registered to provide services to customers throughout a few states, including California and Texas.

Assets Under Management

$92.0 million

Number of Advisors

3

Disclosures

No

Office Location

2211 Michelson Drive
Irvine, CA 92612

Marrick Wealth by the Numbers

Total Assets Under Management

$92.0 million

National Average: $3.7 billion
Total Number of Employees

4

National Average: 29
Total Number of Accounts

280

National Average: 2,073
Average Account Size

$328.5 thousand

National Average: $1.8 million

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Products and Services

Marrick Wealth offers multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services and educational seminars. In the last fiscal year, Marrick Wealth provided 26-50 of its customers with financial planning services. The firm does not sell products or offer services apart from investment advice to its investment advisory clients.

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.

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    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.

  • 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

Fees for financial management usually depend on the services provided. However, fee types charged by Marrick Wealth likely include any blend 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 the firm. Marrick Wealth can withdraw its fees directly from client accounts.

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.

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    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 caters to retail investors, high net worth investors and pension plans. Out of its 280 accounts, Marrick Wealth's biggest client is high net worth investors, though it also serves 51 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone 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 firm's accounts are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 82.26%
  • Other Individuals - 16.13%
  • Corporations - 1.61%
  • 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

Marrick Wealth does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Marrick Wealth

Patrick Chu
Irvine, CA
Matthew Hulley
Irvine, CA
Martin Mcnamara
Irvine, CA

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This content was compiled from the SEC and FINRA