The Kocen Financial Group, Inc

CRD#112129
Investment Advisor Firm

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Learn more about The Kocen Financial Group, Inc

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

    • Overview

    The Kocen Financial Group, Inc operates as an advisory firm that has its headquarters in Rancho Mirage, California. The company administers $122.5 million in assets throughout 726 client accounts, making it a mid-tier financial advisory firm in the nation by assets under management (AUM). It has a small team, including 6 financial advisors. The Kocen Financial Group, Inc does not act as a registered broker-dealer, meaning it 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 tradable fiscal assets such as equities, bonds and options.

    The Kocen Financial Group, Inc manages all of the firm's accounts on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction decisions without requiring client authorization. The advisory firm oversees an average of $168,741 for every client account. An average advisor at The Kocen Financial Group, Inc administers about 121 client accounts.

    The Kocen Financial Group, Inc's central office is located at 35900 Bob Hope Dr., Suite 202, Rancho Mirage, California 92270-1767. The firm is allowed to provide services to investors across a number of states, including California, Massachusetts, Nebraska, New York, Pennsylvania and Texas.

    Assets Under Management

    $122.5 million

    Number of Advisors

    6

    Disclosures

    No

    Office Location

    35900 Bob Hope Dr., Suite 202
    Rancho Mirage, CA 92270-1767

    The Kocen Financial Group, Inc by the Numbers

    Total Assets Under Management

    $122.5 million

    National Average: $8.6 billion
    Total Number of Employees

    8

    National Average: 64
    Total Number of Accounts

    726

    National Average: 375,227
    Average Account Size

    $168.7 thousand

    National Average: $23.0 thousand
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    Products and Services

    The Kocen Financial Group, Inc provides a variety of financial services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior financial year, it provided financial planning services to 51-100 of its clients. The firm does not sell products or offer services other than investment advice to its investment advisory accounts. The Kocen Financial Group, Inc is affiliated with one or more other service providers 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

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      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 largely vary depending on which services are provided. Fees billed by the firm likely consist of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

    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.

    • Offered by 32% 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 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 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

    It provides services to retail investors, high net worth investors and pension plans. Out of its 726 customers, The Kocen Financial Group, Inc's biggest client is retail investors, although it also manages money for 77 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 considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 35%
    • Other Individuals - 61.36%
    • Corporations - 3.64%
    • 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

    The Kocen Financial Group, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at The Kocen Financial Group, Inc

    David Tsikman
    Rancho Mirage, CA
    Penny Houseman
    Rancho Mirage, CA
    John Wills
    Rancho Mirage, CA
    Jo Ann Kocen
    Rancho Mirage, CA
    Bryan Kocen
    Rancho Mirage, CA
    Joel Kocen
    Rancho Mirage, 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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