Pathwise
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Overview
Pathwise operates as a financial advisory company that has its headquarters in Pleasant Hill, California. It handles $125.3 million in assets under management over 520 client accounts, making it a mid-tier firm in the United States by assets under management (AUM). It has a small group, including 2 financial advisors. Pathwise 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 clients' and instead is required to go through a broker-dealer firm to do so. Securities are tradable fiscal investments like bonds, equities and options.
Pathwise oversees the majority of the firm's client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make transaction decisions for the client's account without requiring the client's approval. Pathwise also administers 69 non-discretionary accounts totaling $7.0 million in AUM. The firm manages roughly $240,979 for each customer account. The average financial advisor at Pathwise oversees around 260 client accounts.
The company's central office is located at 2255 Contra Costa Blvd., Pleasant Hill, California 94523. It is legally registered to serve clients throughout a few states, including California and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Pathwise by the Numbers
$125.3 million
3
520
$241.0 thousand
Products and Services
Pathwise offers a number of services, which can include financial planning services, portfolio management for individuals and small businesses and pension consulting services. In the prior financial year, the company provided 26-50 of its customers with financial planning services. The company is not involved in selling products or offering services apart from investment advice to its investment advisory clients. It is also affiliated with a number of other companies in the financial services industry, including with an accountant or accounting firm.
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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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
Financial advisory fees largely are based on which services the firm provides the client. However, fee types charged by the company may include the following fee types: asset-based or fixed. Pathwise does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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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
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with retail investors, high net worth investors and pension plans. Out of its 520 customers, Pathwise's biggest client is high net worth investors, though it also caters to 77 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 more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 2% of the firm's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 62.1%
- Other Individuals - 35.48%
- Corporations - 2.42%
- 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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Financial Advisors at Pathwise
Pleasant Hill, CA
Pleasant Hill, CA
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