Private Management Group Inc

CRD#104707
Investment Advisor Firm

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Overview

Private Management Group Inc operates as a financial advisor firm based in Irvine, California. It oversees $3.1 billion in assets under management over 5,786 client accounts, placing it among the biggest firms in the country by assets under management (AUM). The firm has a small team of 15 employees, all of whom are financial advisors. Private Management Group Inc is not 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 is required to go through a broker-dealer company to do so. Securities are defined as tradable financial investments such as options, bonds and stocks.

Private Management Group Inc administers all of the firm's accounts on a discretionary basis. Discretionary management signifies that transaction judgments for the client's account are made by an investment advisor without requiring client approval. Private Management Group Inc's typical account size is $531,734. The average financial advisor at Private Management Group Inc administers about 386 client accounts.

The company's central office is located at 15635 Alton Parkway, Irvine, California 92618. Private Management Group Inc is legally registered to serve customers across 27 U.S. states and territories.

Assets Under Management

$3.1 billion

Number of Advisors

15

Disclosures

No

Office Location

15635 Alton Parkway
Irvine, CA 92618

Private Management Group Inc by the Numbers

Total Assets Under Management

$3.1 billion

National Average: $3.7 billion
Total Number of Employees

15

National Average: 29
Total Number of Accounts

5,786

National Average: 2,073
Average Account Size

$531.7 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 charged by the company typically consist of the following fee structures: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

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

The company manages money for a broad range of customers. The company provides services to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 5,786 accounts, Private Management Group Inc's biggest client group is retail investors, but it also caters to 686 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 22.82%
  • Other Individuals - 70.83%
  • Corporations - 5.76%
  • Charitable Organizations - 0.6%

* 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

Private Management Group Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Private Management Group Inc

Diane De La Cruz
Irvine, CA
Marcus Chin
Irvine, CA
Emily Reiland
Irvine, CA
Gregory Lopez
Irvine, CA
Ryan Sandler
Irvine, CA
Jonathan Chin
Irvine, CA
Robert Beck
Irvine, CA
Kristin Mccoy
Irvine, CA
Jeffrey Payne
Irvine, CA

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This content was compiled from the SEC and FINRA