Wealth Teams Alliance

CRD#168907
Investment Advisor Firm

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Learn more about Wealth Teams Alliance

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

    • Overview

    Wealth Teams Alliance is an advisory company that has its headquarters in Irvine, California. The company has $158.9 million in assets under management throughout 875 customer accounts, making it a mid-tier firm in the United States by assets under management (AUM). It has a small group, including 12 financial advisors. Wealth Teams Alliance is not a registered broker-dealer, meaning the advisor 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 exchangable financial assets like equities, bonds and options.

    Wealth Teams Alliance oversees all of its client assets in a discretionary manner. Discretionary management signifies that transaction decisions are made by an investment advisor without requiring client consent. The firm's average account size is $181,565. An average advisor at Wealth Teams Alliance administers around 73 client accounts, making it about average in terms of personalization.

    The firm's headquarters is at 15520 Rockfield Blvd, Irvine, California 92618. The company is legally allowed to provide services to clients across 11 U.S. states and territories.

    Assets Under Management

    $158.9 million

    Number of Advisors

    12

    Disclosures

    No

    Office Location

    15520 Rockfield Blvd
    Irvine, CA 92618

    Wealth Teams Alliance by the Numbers

    Total Assets Under Management

    $158.9 million

    National Average: $8.6 billion
    Total Number of Employees

    13

    National Average: 64
    Total Number of Accounts

    875

    National Average: 375,227
    Average Account Size

    $181.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Wealth Teams Alliance provides a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, publication of newsletters and educational seminars. In the past fiscal year, the firm provided financial planning services to 1-10 of its clients. The company does not sell products or offer services other than investment advisory services to its investment advisory clients. It is affiliated with a number of other service providers in the financial services industry, including with an insurance company or agency.

    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

    • Find a firm that offers this service

      Selection of Other Advisors

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

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% 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

    A financial advisor's fees usually vary depending on which service is provided. Fees charged by the company most likely consist of any combination of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Wealth Teams Alliance.

    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 21% 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 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 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.

    Back to Overview

    Types of Clients

    The firm provides services to retail investors, high net worth investors and charitable organizations. Out of its 875 customers, Wealth Teams Alliance's largest client by number of accounts is retail investors, but it also manages money for 40 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 5.7%
    • Other Individuals - 93.3%
    • Corporations - 0%
    • Charitable Organizations - 1%

    * 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

    Wealth Teams Alliance does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Wealth Teams Alliance

    Robert Funk
    Irvine, CA
    Jonathon Soucier
    Dinuba, CA
    Michael Lockitch
    Irvine, CA
    Michael Taylor
    Corbett, OR
    Michael Alongi
    Irvine, CA
    Joshua Oronce
    Irvine, CA
    Timothy Latimer
    Irvine, CA
    Jae Lee
    Torrance, CA
    Benjamin Langhofer
    Wichita, KS

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