Wealth Teams Alliance

CRD#168907
Investment Advisor Firm

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Overview

Wealth Teams Alliance is a financial advisory company based in Irvine, California. Wealth Teams Alliance manages $98.7 million in assets throughout 661 client accounts. Wealth Teams Alliance has a small group of eight employees, all of whom are financial advisors. Wealth Teams Alliance does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments like bonds, stocks and options.

Wealth Teams Alliance administers all of the company's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell decisions are made by an investment advisor without needing to seek client consent. The firm administers about $149,367 in assets for every client account. Under $100,000 of their financial planning investments were in securities, with under $100,000 invested in non-securities. The typical financial advisor at Wealth Teams Alliance oversees about 83 client accounts.

The company's central office is at 15520 Rockfield Blvd, Irvine, California 92618. Wealth Teams Alliance is legally permitted to provide services to clients across a number of states, including California, Florida, Kansas and Texas.

Assets Under Management

$98.7 million

Number of Advisors

8

Disclosures

No

Office Location

15520 Rockfield Blvd
Irvine, CA 92618

Wealth Teams Alliance by the Numbers

Total Assets Under Management

$98.7 million

National Average: $3.7 billion
Total Number of Employees

8

National Average: 29
Total Number of Accounts

661

National Average: 2,073
Average Account Size

$149.4 thousand

National Average: $1.8 million

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Products and Services

Wealth Teams Alliance provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, publication of newsletters and educational seminars. In the last financial year, it provided financial planning services to 26-50 of its accounts. Wealth Teams Alliance does not sell products or offer services aside from investment advice 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

  • 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 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 for financial advisory services usually are based on which services the firm provides the client. Fees charged by the company likely include the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Wealth Teams Alliance. The firm can withdraw the fees directly from customer funds.

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.

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    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

Wealth Teams Alliance caters to retail investors, high net worth investors and charitable organizations. Out of its 661 accounts, Wealth Teams Alliance's largest client type by number of accounts is retail investors, though it also manages money for 17 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 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 its customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 4.37%
  • Other Individuals - 94.6%
  • Corporations - 0%
  • Charitable Organizations - 1.03%

* 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

Michael Taylor
Corbett, OR
Michael Alongi
Irvine, CA
Timothy Latimer
Irvine, CA
Jae Lee
Torrance, CA
Benjamin Langhofer
Wichita, KS
Shannon Black
Spicewood, TX
Dane Petchul
Irvine, CA
Douglas Howard
Aliso Viejo, CA

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This content was compiled from the SEC and FINRA