Zest
Answer a few questions and
get matched with an advisor.
Learn more about Zest
Overview
Zest operates as a financial advisory firm based in Miami, Florida. It manages $183.8 million in assets throughout 17 customer accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). Zest has a small group, including 2 financial advisors. Zest is not a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets like stocks, bonds and options.
Zest manages all of its accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction choices for the client's account without requiring the customer's authorization. The company administers an average of $10.8 million for each account. The average financial advisor at Zest manages around nine client accounts, making it one of the more individualized advisor firms in the country.
The company's headquarters is located at 200 South Biscayne Boulevard, Miami, Florida 33131. The company is legally allowed to serve clients in the state of Florida.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Zest by the Numbers
$183.8 million
2
17
$10.8 million
Products and Services
Zest provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and portfolio management for institutional clients. However, the firm did not provide any of its customers with financial planning services in the previous fiscal year. The firm does not sell products or offer services apart from investment advisory services to its investment advisory clients.
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.
-
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.
Fee Structure
A financial advisor's fees largely depend on which services the firm provides the client. However, fees charged by Zest likely consist of some blend of the following fee types: asset-based or performance-based. Zest does not supply a wrap fee program, in which the company offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company provides services to high net worth investors and pooled investment vehicles. Out of its 17 clients, Zest's biggest client group is high net worth investors, although it also serves 15 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM 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). Around 100% of the company's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 88.24%
- Other Individuals - 0%
- Corporations - 11.76%
- 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.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
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.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.