Sun Group Wealth Partners LLC

CRD#166372
Investment Advisor Firm

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Overview

Sun Group Wealth Partners LLC operates as a financial advisory firm that has its headquarters in Irvine, California. Sun Group Wealth Partners LLC has $94.2 million in assets over 404 client accounts. The company has a small team of nine employees, two of whom are financial advisors. Sun Group Wealth Partners LLC is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments like options, bonds and equities.

Sun Group Wealth Partners LLC oversees most of the firm's accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes transaction decisions without requiring client consent. It also manages 93 non-discretionary accounts totaling $20.0 million in assets. The investment advisory firm's typical account size is $233,277. The average financial advisor at Sun Group Wealth Partners LLC manages around 202 client accounts.

Sun Group Wealth Partners LLC's central office is at 17500 Red Hill Ave, Irvine, California 92614. It is legally permitted to serve clients across a few states, including California, New Hampshire and Texas.

Assets Under Management

$94.2 million

Number of Advisors

2

Disclosures

No

Office Location

17500 Red Hill Ave
Irvine, CA 92614

Sun Group Wealth Partners LLC by the Numbers

Total Assets Under Management

$94.2 million

National Average: $3.7 billion
Total Number of Employees

9

National Average: 29
Total Number of Accounts

404

National Average: 2,073
Average Account Size

$233.3 thousand

National Average: $1.8 million

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Products and Services

Sun Group Wealth Partners LLC provides a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters and educational seminars. However, it did not provide financial planning services to any of its clients in the last financial year. The firm is not engaged in selling products or offering services other than 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.

  • 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

  • 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.

  • Offered by 4% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors usually are based on the type of financial services provided. Fee types charged by Sun Group Wealth Partners LLC can be comprised of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.

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.

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.

  • 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 works with retail investors and high net worth investors. Out of its 404 customers, Sun Group Wealth Partners LLC's biggest client type is retail investors, though it also serves 62 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 at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 2% of its clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 26.38%
  • Other Individuals - 73.62%
  • 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

Sun Group Wealth Partners LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA