Ares Financial Consulting LLC
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Learn more about Ares Financial Consulting LLC
Ares Financial Consulting LLC is an advisory firm located in Sherman Oaks, California. It handles $124.2 million in assets under management throughout 639 client accounts, making it a mid-tier financial advisory firm in the nation by assets under management (AUM). The company has a small team, including 4 financial advisors. Ares Financial Consulting LLC does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are exchangable financial investments like bonds, options and stocks.
Ares Financial Consulting LLC manages all of the firm's accounts in a discretionary manner. Discretionary management is a structure in which transaction decisions are made by a portfolio manager without requiring the customer's permission. Ares Financial Consulting LLC oversees roughly $194,369 in assets for each customer account. The typical financial advisor at Ares Financial Consulting LLC oversees around 160 client accounts.
Ares Financial Consulting LLC's main office is at 14140 Magnolia Blvd, Sherman Oaks, California 91423. It is legally registered to serve clients throughout 7 states, including California, Minnesota, New Hampshire, Oregon, Texas, Washington and Wisconsin.
Assets Under Management
Number of Advisors
Ares Financial Consulting LLC by the Numbers
Products and Services
Ares Financial Consulting LLC offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services and educational seminars. In the prior financial year, the firm provided 101-250 of its clients with financial planning services. The company does not sell products or offer services apart from investment advisory services to its investment advisory customers. The company is affiliated with a number of other service providers in the financial services industry, including with an accountant or accounting 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 46% of firms
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.
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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.
Offered by 6% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fees for financial advisory services are based on which services the firm provides the client. Fees charged by the firm likely are comprised of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
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 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 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
Ares Financial Consulting LLC works with retail investors and high net worth investors. Out of its 639 accounts, Ares Financial Consulting LLC's largest client type by number of accounts is retail investors, but it also manages money for 42 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 more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 14.38%
- Other Individuals - 85.62%
- Corporations - 0%
- Charitable Organizations - 0%
* 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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Ares Financial Consulting LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Ares Financial Consulting LLC
Sherman Oaks, CA
Sherman Oaks, CA
Huntington Beach, CA
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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.
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