Salem Partners Advisors LLC Dba Salem Partners Wealth Management

CRD#131359
Investment Advisor Firm

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Learn more about Salem Partners Advisors LLC Dba Salem Partners Wealth Management

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

    • Overview

    Salem Partners Advisors LLC Dba Salem Partners Wealth Management is a financial advisory company that has its headquarters in Los Angeles, California. The firm handles $330.9 million in assets under management over 195 customer accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). The firm has a small team, including 3 financial advisors. Salem Partners Advisors LLC Dba Salem Partners Wealth Management does not act as 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 must go through a broker-dealer company to do so. Securities are exchangable financial assets like options, bonds and stocks.

    Salem Partners Advisors LLC Dba Salem Partners Wealth Management manages all of the company's client assets in a discretionary manner. Discretionary management signifies that transaction judgments for the client's account are made by an investment advisor without needing to seek the customer's permission. The firm's typical account size is $1.7 million. The average advisor at Salem Partners Advisors LLC Dba Salem Partners Wealth Management manages around 65 client accounts, placing it towards the middle in terms of personalization.

    The firm's central office is located at 11111 Santa Monica Blvd, Los Angeles, California 90025. It is allowed to serve clients across a number of states, including California and Texas.

    Assets Under Management

    $330.9 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    11111 Santa Monica Blvd
    Los Angeles, CA 90025

    Salem Partners Advisors LLC Dba Salem Partners Wealth Management by the Numbers

    Total Assets Under Management

    $330.9 million

    National Average: $8.6 billion
    Total Number of Employees

    8

    National Average: 64
    Total Number of Accounts

    195

    National Average: 375,227
    Average Account Size

    $1.7 million

    National Average: $23.0 thousand
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    Products and Services

    Financial services that Salem Partners Advisors LLC Dba Salem Partners Wealth Management provides include financial planning services and portfolio management for individuals and small businesses. In the last financial year, the firm provided financial planning services to 26-50 of its clients. The firm does not sell products or offer services other than investment advice to its investment advisory customers. The company is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer.

    Core Advisor Services

    • 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.

    • 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.

    • Find a firm that offers this service

      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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    Fee Structure

    Fees charged by financial advisors usually depend on the type of financial services provided. However, fees charged by Salem Partners Advisors LLC Dba Salem Partners Wealth Management typically consist of the following fee type: asset-based. The company does not provide a wrap fee program, in which the company offers a bundle of services for a single 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

    Salem Partners Advisors LLC Dba Salem Partners Wealth Management works with high net worth investors and other. Out of its 195 accounts, Salem Partners Advisors LLC Dba Salem Partners Wealth Management's biggest client type by number of accounts is high net worth investors, though it also serves 38 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are from outside of the U.S.

    • High-Net-Worth Individuals* - 95%
    • Other Individuals - 0%
    • Corporations - 5%
    • 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

    Salem Partners Advisors LLC Dba Salem Partners Wealth Management does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Salem Partners Advisors LLC Dba Salem Partners Wealth Management

    William Witte
    Los Angeles, CA
    Meagan Abbey
    Los Angeles, CA
    Aleksandr Keyfes
    Los Angeles, CA
    Erik Ridgley
    Los Angeles, CA
    Goli Kamangar
    Los Angeles, CA

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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