Pensionmark Financial Group, LLC
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Learn more about Pensionmark Financial Group, LLC
Overview
Pensionmark Financial Group, LLC is a financial advisory company headquartered in Santa Barbara, California. The company oversees $27.1 billion in assets under management across 6,389 customer accounts, making it one of the largest firms in the country by assets under management (AUM). The company has a large team, including 105 financial advisors. Pensionmark Financial Group, LLC is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments like options, equities and bonds.
Pensionmark Financial Group, LLC administers more than half of its accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes transaction decisions without needing client authorization. The firm also has 1,667 non-discretionary accounts with a total of $18.7 billion in assets under management. The advisory firm administers about $4.2 million in assets for each account. The typical advisor at Pensionmark Financial Group, LLC administers about 61 client accounts, making it about average in terms of personalization.
The firm's main office is at 24 E. Cota Street, Santa Barbara, California 93101. It is allowed to provide services to clients throughout 46 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Pensionmark Financial Group, LLC by the Numbers
$27.1 billion
228
6,389
$4.2 million
Products and Services
Pensionmark Financial Group, LLC provides 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. However, Pensionmark Financial Group, LLC did not provide any of its clients with financial planning services in the prior fiscal year. The company does sell products or offer services different than investment advice to its clients. The firm is also affiliated with one or more 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 47% 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 21% 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 7% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees depend on the type of services provided. Fee types billed by Pensionmark Financial Group, LLC can consist of the following fee types: asset-based, hourly or fixed. The company does participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
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Offered by 70% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 33% of firms
Fixed
Unavailable
Types of Clients
The firm works with a broad range of customers. Pensionmark Financial Group, LLC works with retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations and state or municipal government entities. Out of its 6,389 accounts, Pensionmark Financial Group, LLC's largest client type by number of accounts is retail investors, but it also caters to 222 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor 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 non-U.S. persons.
- High-Net-Worth Individuals* - 4.21%
- Other Individuals - 51.63%
- Corporations - 42.2%
- Charitable Organizations - 1.95%
* 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
Santa Barbara, CA
Fort Mill, SC
Katy, TX
Burlington, VT
Santa Barbara, CA
Aliso Viejo, CA
Johns Creek, GA
Carpinteria, CA
Santa Barbara, CA
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