Planmember Securities Corporation
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Learn more about Planmember Securities Corporation
Planmember Securities Corporation is an advisory company that has its headquarters in Carpinteria, California. It handles $7.5 billion in assets under management across 67,968 client accounts, making it one of the biggest firms in the country by assets under management (AUM). The company has a large team, including 459 financial advisors. Planmember Securities Corporation is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as options, bonds and equities.
Planmember Securities Corporation manages all of the company's accounts on a discretionary basis. Discretionary management means that transaction judgments are made by an investment advisor without needing the customer's authorization. The advisory firm administers roughly $110,789 in assets for every account. The average financial advisor at Planmember Securities Corporation oversees about 148 client accounts.
The firm's headquarters is located at 6187 Carpinteria Avenue, Carpinteria, California 93013. It is permitted to provide services to clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Planmember Securities Corporation by the Numbers
Products and Services
Planmember Securities Corporation provides a variety of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, educational seminars and other services. In the last financial year, Planmember Securities Corporation provided financial planning services to 101-250 of its accounts. It does sell products or offer services different than investment advice to its 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
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.
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.
Offered by 6% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees charged by financial advisors usually depend on which services the firm provides the client. However, fees billed by the company can be comprised of the following fee types: asset-based, hourly, fixed or commission-based. Planmember Securities Corporation participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Offered by 69% of firms
Percentage of AssetsShow 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
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 1% of firms
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.
Offered by 32% of firms
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 26% of firms that offer this fee type
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
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
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
The firm manages money for a broad range of investors. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 67,968 accounts, Planmember Securities Corporation's biggest client type is retail investors, but it also manages money for 392 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts reside abroad.
- High-Net-Worth Individuals* - 0.58%
- Other Individuals - 99.18%
- Corporations - 0.22%
- Charitable Organizations - 0.02%
* 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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Planmember Securities Corporation does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Planmember Securities Corporation
Los Angeles, CA
Agoura Hills, CA
Horseshoe Bay, TX
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