Angeles Wealth Management, LLC (Santa Monica)

Name: Angeles Wealth Management, LLC
Address: 429 Santa Monica Blvd, Santa Monica, CA, 90401
Telephone: 310-393-6300

Angeles Wealth Management, LLC is a large advisory firm based in Santa Monica. It manages $309.09 million of regulatory assets for 76 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, New York, and Texas.

Angeles Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Angeles Wealth Management: assets under management

The assets under management (AUM) of Angeles Wealth Management, LLC is $309.09 million. The firm's AUM has grown by 516% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $280.02 million in discretionary accounts and $29.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.89 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.27 million.

Investments

The firm invests in investment and business development companies the most. They account for 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in pooled investment vehicles form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Angeles Wealth Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Angeles Wealth Management serves?

The only and largest group of clients of Angeles Wealth Management is high net worth individuals with 75 clients and $308.04 million of assets under management. Among the 11 most similar advisory firms, Angeles Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $308.04 million for 75 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.

Angeles Wealth Management doesn't advise any private funds.

Careers at Angeles Wealth Management, LLC

The company employs 8 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 2 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 compensates 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
Jonathan Rice Foster	Ceo	1 Nov 2011	25% - 50%	1037245
Angeles Investment Advisors	Managing member	1 Nov 2011	75% - 100%	110213
Stephen Thomas Smetana	Cco	1 Nov 2011	Other	2729443
Joshua Ryan Rothstein	Partner	1 Apr 2018	Other	5624327

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Howard David Perlow	Managing member	1 Apr 2001	25% - 50%	2161614
Leslie Barnes Kautz	Managing member	1 Apr 2001	25% - 50%	2160965
Michael Adam Rosen	Managing member	1 Apr 2001	25% - 50%	1621336
Leslie B Kautz	Managing member	1 Apr 2001	25% - 50%	2160965
Michael A Rosen	Managing member	1 Apr 2001	25% - 50%	1621336

Based in Santa Monica

The principal office where Angeles Wealth Management, LLC performs its advisory services is located at 429 Santa Monica Blvd, Santa Monica, CA 90401, 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 310-393-6300 or by fax 310-393-6200. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at angeleswealth.com.