Pensionmark Financial Group, LLC
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Overview
Pensionmark Financial Group, LLC operates as a financial advisory company that has its headquarters in Santa Barbara, California. The company controls $26.6 billion in total assets over 7,380 client accounts, making it one of the biggest firms in the United States by assets under management (AUM). The firm has a large group, including 130 financial advisors. Pensionmark Financial Group, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal investments such as bonds, options and equities.
Pensionmark Financial Group, LLC administers the majority of the firm's client assets on a discretionary basis. Discretionary management signifies that a portfolio manager makes transaction judgments without needing to seek the customer's approval. It also oversees 1,765 non-discretionary accounts with a total of $16.3 billion in assets. The company manages roughly $3.6 million for every customer account. An average financial advisor at Pensionmark Financial Group, LLC manages about 57 client accounts, placing it towards the middle in terms of personalization.
The company's main office is at 24 E. Cota Street, Santa Barbara, California 93101. Pensionmark Financial Group, LLC is allowed to serve investors throughout 46 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Pensionmark Financial Group, LLC by the Numbers
$26.6 billion
244
7,380
$3.6 million
Products and Services
Pensionmark Financial Group, LLC offers a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, selection of other advisers and educational seminars. In the prior fiscal year, it provided 1-10 of its clients with financial planning services. It does sell products or offer services other than investment advisory services to its customers. Pensionmark Financial Group, LLC is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, accountant or accounting firm, lawyer or law firm and insurance company or agency.
Core Advisor Services
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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.
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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.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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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.
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Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advice usually vary depending on the type of financial services offered. However, fee types billed by Pensionmark Financial Group, LLC likely include the following fee types: asset-based, hourly or fixed. Pensionmark Financial Group, LLC participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company works with a broad range of clients. Pensionmark Financial Group, LLC caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations and state or municipal government entities. Out of its 7,380 accounts, Pensionmark Financial Group, LLC's biggest client type by number of accounts is retail investors, though it also serves 227 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 at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are non-U.S. persons.
- High-Net-Worth Individuals* - 3.73%
- Other Individuals - 54.36%
- Corporations - 39.58%
- Charitable Organizations - 2.33%
* 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
Pensionmark Financial Group, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Pensionmark Financial Group, LLC
Madison, WI
Brentwood, TN
South Burlington, VT
San Mateo, CA
San Antonio, TX
Saint Petersburg, FL
Fort Mill, SC
Los Angeles, CA
Santa Barbara, CA
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