Private Management Group Inc

CRD#104707
Investment Advisor Firm

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Learn more about Private Management Group Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Private Management Group Inc is a financial advisory firm that has its headquarters in Irvine, California. It oversees $3.5 billion in assets under management across 6,222 customer accounts, placing it among the largest firms in the country by assets under management (AUM). The company has a small team, including 15 financial advisors. Private Management Group Inc does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as bonds, stocks and options.

    Private Management Group Inc manages all of the firm's accounts in a discretionary manner. Discretionary management is a structure in which transaction judgments for the client's account are made by a portfolio manager without requiring the client's consent. The advisory firm's typical account size is $564,182. The typical advisor at Private Management Group Inc administers around 415 client accounts.

    The company's central office is located at 15635 Alton Parkway, Irvine, California 92618. Private Management Group Inc is registered to serve clients across 29 U.S. states and territories.

    Assets Under Management

    $3.5 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

    $3.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    15

    National Average: 64
    Total Number of Accounts

    6,222

    National Average: 375,227
    Average Account Size

    $564.2 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management vary depending on which services the firm provides the client. Fees billed by the firm typically consist of the following fee structure: asset-based. The firm does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% 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 21% 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 1% 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 26% 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 0% 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 32% 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 10% 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 works with a broad range of investors. The company caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 6,222 clients, Private Management Group Inc's biggest client type by number of accounts is retail investors, although it also serves 769 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 23.65%
    • Other Individuals - 69.92%
    • Corporations - 5.48%
    • Charitable Organizations - 0.95%

    * 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

    Kristin Mccoy
    Irvine, CA
    Marcus Chin
    Irvine, CA
    Kendall Nolan
    Irvine, CA
    Gregory Lopez
    Irvine, CA
    Kyle Schulz
    Irvine, CA
    Emily Reiland
    Irvine, CA
    Diane De La Cruz
    Irvine, CA
    Matthew Franzen
    Irvine, CA
    Jonathan Chin
    Irvine, CA

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