Urban Wealth Management Group LLC (El Segundo)

Name: Urban Wealth Management Group LLC
Address: 841 Apollo Street, El Segundo, CA, 90245
Telephone: 424-277-2260

Urban Wealth Management Group LLC is a large advisory firm based in El Segundo. It manages $120.69 million of regulatory assets for 579 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Louisiana, and 3 other states.

Urban Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Urban Wealth Management Group: assets under management

The assets under management (AUM) of Urban Wealth Management Group LLC is $120.69 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $120.69 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $208.45 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is investment and business development companies, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Urban Wealth Management Group LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Urban Wealth Management Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Urban Wealth Management Group is high net worth individuals with 43 clients and $70.59 million of assets under management. Among the 10 most similar advisory firms, Urban Wealth Management Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $120.69 million for 273 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Urban Wealth Management Group doesn't advise any private funds.

Careers at Urban Wealth Management Group LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rene Annise Nourse	Managing member, chief compliance officer	1 Jan 2017	75% - 100%	1006530

Based in El Segundo

The principal office where Urban Wealth Management Group LLC performs its advisory services is located at 841 Apollo Street, El Segundo, CA 90245, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 424-277-2260 or by fax 424-277-5524. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at urbanwm.com.