Westwood Wealth Management

CRD#132162
Investment Advisor Firm

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Learn more about Westwood Wealth Management

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Westwood Wealth Management operates as a financial advisory company located in Dallas, Texas. It oversees $306.1 million in total assets over 323 customer accounts, making it a mid-tier firm in the nation by assets under management (AUM). Westwood Wealth Management has an average-sized team, including 17 financial advisors. Westwood Wealth Management is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial investments such as bonds, options and stocks.

    Westwood Wealth Management manages all of the company's accounts in a discretionary manner. Discretionary management signifies that an investment advisor makes transaction judgments for the client's account without needing to seek client approval. Westwood Wealth Management's typical account size is $947,637. The typical financial advisor at Westwood Wealth Management administers around 19 client accounts, placing it among the more personalized advisor firms in the country.

    Westwood Wealth Management's central office is located at 200 Crescent Court, Dallas, Texas 75201. The company is allowed to provide services to clients across 23 U.S. states and territories.

    Assets Under Management

    $306.1 million

    Number of Advisors

    17

    Disclosures

    No

    Office Location

    200 Crescent Court
    Dallas, TX 75201

    Westwood Wealth Management by the Numbers

    Total Assets Under Management

    $306.1 million

    National Average: $8.6 billion
    Total Number of Employees

    48

    National Average: 64
    Total Number of Accounts

    323

    National Average: 375,227
    Average Account Size

    $947.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Westwood Wealth Management offers multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services and other services. In the past financial year, the company provided financial planning services to 11-25 of its clients. The company does not sell products or offer services apart from investment advice to its investment advisory customers. The company is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, trust company and commodity pool advisor.

    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

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    Fee Structure

    Fees charged by financial advisors largely are based on which services the firm provides the client. Fee types billed by Westwood Wealth Management most likely include some blend of the following fee structures: asset-based, fixed, commission-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show 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 1% of firms

      Commissions

      Show Explanation

      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 26% of firms

      Performance-based

      Show Explanation

      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.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      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.

    Unavailable

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    Types of Clients

    Westwood Wealth Management works with a broad range of clients. Westwood Wealth Management caters to retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 323 customers, Westwood Wealth Management's biggest client type is corporations, though it also caters to 30 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 9.06%
    • Other Individuals - 39.88%
    • Corporations - 50.76%
    • Charitable Organizations - 0.3%

    * 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

    Westwood Wealth Management does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Westwood Wealth Management

    Rhonda Bullock
    Houston, TX
    Justin Mourning
    Dallas, TX
    Greg Casamayor
    Houston, TX
    Karim Lakhani
    Houston, TX
    Thomas Caywood
    Dallas, TX
    Leah Bennett
    Houston, TX

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