Pensionmark Financial Group, LLC
Answer a few questions and
get matched with an advisor.
Learn more about Pensionmark Financial Group, LLC
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
Pensionmark Financial Group, LLC by the Numbers
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
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 47% 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 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.
Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
Offered by 7% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
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.
Offered by 70% 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 33% 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 1% of firms that offer this fee type
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 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 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.
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.
Pensionmark Financial Group, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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.
Financial Advisors at Pensionmark Financial Group, LLC
Santa Barbara, CA
Fort Mill, SC
Santa Barbara, CA
Aliso Viejo, CA
Johns Creek, GA
Santa Barbara, CA
Not sure which advisor is right for you? Use our matching tool
Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. 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 firstname.lastname@example.org.
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.