Westwood Wealth Management, LLC

CRD#290658
Investment Advisor Firm

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Overview

Westwood Wealth Management, LLC is a financial advisory firm based in Los Angeles, California. Westwood Wealth Management, LLC has $83.2 million in assets under management throughout 137 client accounts. The firm has a small team of two employees, of which 1 is a financial advisor. Westwood Wealth Management, LLC is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets such as options, stocks and bonds.

Westwood Wealth Management, LLC administers all of its accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes buy and sell judgments for the client's account without needing to seek client authorization. The investment advisory firm manages roughly $607,342 in assets for every client account. The average financial advisor at Westwood Wealth Management, LLC administers about 137 client accounts.

Westwood Wealth Management, LLC's headquarters is at 11100 Santa Monica Blvd., Los Angeles, California 90025. Westwood Wealth Management, LLC is legally allowed to serve customers across a number of states, including California and Texas.

Assets Under Management

$83.2 million

Number of Advisors

1

Disclosures

No

Office Location

11100 Santa Monica Blvd.
Los Angeles, CA 90025

Westwood Wealth Management, LLC by the Numbers

Total Assets Under Management

$83.2 million

National Average: $3.7 billion
Total Number of Employees

2

National Average: 29
Total Number of Accounts

137

National Average: 2,073
Average Account Size

$607.3 thousand

National Average: $1.8 million

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Fee Structure

Financial management fees largely depend on the type of services offered. However, fee types charged by Westwood Wealth Management, LLC typically consist of the following fee types: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm. The company is able to withdraw its 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.

Unavailable

  • Find one of the 35% 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 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 40% 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 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

It caters to retail investors and high net worth investors. Out of its 137 accounts, Westwood Wealth Management, LLC's largest client group is retail investors, but it also caters to seven 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 more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 14.58%
  • Other Individuals - 85.42%
  • 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

Westwood Wealth Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Westwood Wealth Management, LLC

Michael Puryear
Los Angeles, CA

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This content was compiled from the SEC and FINRA