Optimus Advisory Group

CRD#111239
Investment Advisor Firm

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Overview

Optimus Advisory Group is a financial advisor company located in Irvine, California. The company handles $79.3 million in total assets throughout 1,120 client accounts. Optimus Advisory Group has a small team of two employees, all of whom are financial advisors. Optimus Advisory Group does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like stocks, bonds and options.

Optimus Advisory Group manages all of its client assets on a discretionary basis. Discretionary management means that transaction decisions are made by an investment advisor without requiring client permission. The firm's typical account size is $70,829. Under $100,000 of its financial planning investments were in securities, with under $100,000 invested in non-securities. An average advisor at Optimus Advisory Group oversees about 560 client accounts.

Optimus Advisory Group's main office is located at 6 Venture, Irvine, California 92618. It is legally allowed to provide services to investors throughout a number of states, including California and Texas.

Assets Under Management

$79.3 million

Number of Advisors

2

Disclosures

No

Office Location

6 Venture
Irvine, CA 92618

Optimus Advisory Group by the Numbers

Total Assets Under Management

$79.3 million

National Average: $3.7 billion
Total Number of Employees

2

National Average: 29
Total Number of Accounts

1,120

National Average: 2,073
Average Account Size

$70.8 thousand

National Average: $1.8 million

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Products and Services

Optimus Advisory Group offers a variety of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and other services. Notably, it did not provide financial planning services to any of its accounts in the previous fiscal year. Optimus Advisory Group does not sell products or offer services aside from investment advisory services to its investment advisory accounts.

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

  • 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.

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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.

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Fee Structure

Fees for financial management largely vary depending on which service is offered. However, fees charged by the company likely include the following fee structures: asset-based, hourly, fixed or other. The company participates in a wrap fee program, in which the firm offers a service bundle for a single fee. The company has the ability to withdraw its charges 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.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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.

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Types of Clients

The company caters to retail investors, high net worth investors and other investment advisers. Out of its 1,120 accounts, Optimus Advisory Group's biggest client group is retail investors, though it also serves four high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management 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 customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 5.41%
  • Other Individuals - 94.59%
  • 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

Optimus Advisory Group does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Optimus Advisory Group

Steve Rumsey
Irvine, CA
Paul Hewitt
Irvine, CA

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This content was compiled from the SEC and FINRA