Inspired Financial LLC (Huntington Beach)

Name: Inspired Financial LLC
Address: 5011 Argosy Avenue, Huntington Beach, CA, 92649
Telephone: 714-971-0663

Inspired Financial LLC is a large advisory firm based in Huntington Beach. It manages $161.2 million of regulatory assets for 360 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California and Pennsylvania.

Inspired Financial provides financial planning services, portfolio management for individuals and small businesses, and tax services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Inspired Financial: assets under management

The assets under management (AUM) of Inspired Financial LLC is $161.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 420% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $161.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $447.78 thousand each.

Inspired Financial has custody of $161.2 million in cash and securities for 112 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Inspired Financial 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 Inspired Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Inspired Financial is high net worth individuals with 69 clients and $142.2 million of assets under management. Among the 6 most similar advisory firms, Inspired Financial has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $161.2 million for 112 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.

Inspired Financial doesn't advise any private funds.

Careers at Inspired Financial LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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
Evelyn Zohlen	President & chief compliance officer	1 Jan 2003	75% - 100%	3059782
Mark Louis Prendergast	Principal	1 Aug 2007	Other	4422865

Based in Huntington Beach

The principal office where Inspired Financial LLC performs its advisory services is located at 5011 Argosy Avenue, Huntington Beach, CA 92649, 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 714-971-0663 or by fax 714-971-0832. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at inspiredfinancial.biz.