Labrum Wealth Management, LLC (Carlsbad)

Name: Labrum Wealth Management, LLC
Address: 6128 Innovation Way, Carlsbad, CA, 92009
Telephone: (760) 707-5555

Labrum Wealth Management, LLC is a large advisory firm based in Carlsbad. It manages $294.7 million of regulatory assets for 815 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Arizona, California, and 12 other states.

Labrum Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Labrum Wealth Management: assets under management

The assets under management (AUM) of Labrum Wealth Management, LLC is $294.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 37% since the beginning of its operation, and $1.59 million of the total AUM is attributable to clients outside of the United States.

The firm manages $294.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $361.59 thousand each.

Labrum Wealth Management has custody of $65.06 million in cash and securities for 185 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 91% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Labrum Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. 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 Jason Richard Labrum serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jason Richard Labrum is high net worth individuals with 145 clients and $151.26 million of assets under management. Among the 11 most similar advisory firms, Labrum Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $294.52 million for 814 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.

Labrum Wealth Management doesn't advise any private funds.

Careers at Labrum Wealth Management, LLC

The company employs 11 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Jason Richard Labrum has been acting as President since 1 Sep 2009. Alex Klingensmith joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jason Richard Labrum	President	1 Sep 2009	75% - 100%	3129980
Richard Levere Labrum	Managing member	1 Nov 2009	Other	2226394
Jordan Elizabeth Smith	Chief compliance officer	1 Aug 2011	Other	5304232
Jordie Elizabeth Czapinski	Chief compliance officer	1 Aug 2011	Other	5304232
Alex Klingensmith	Chief operating officer	1 Apr 2016	Other	5976863

Based in Carlsbad

The principal office where Labrum Wealth Management, LLC performs its advisory services is located at 6128 Innovation Way, Carlsbad, CA 92009, which is also the mailing address of the firm. An additional office of the firm is in Murrieta, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (760) 707-5555 or by fax (760) 707-5556. The normal business hours are 6:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at labrumwealth.com.