Monocot Wealth Management, LLC (Westlake Village)

Name: Monocot Wealth Management, LLC
Address: 2659 Townsgate Rd., Westlake Village, CA, 91361
Telephone: 805-366-3482

Monocot Wealth Management, LLC is an adviser based in Westlake Village. It manages $54.88 million of regulatory assets for 114 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and Texas.

Monocot Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Monocot Wealth Management: assets under management

The assets under management (AUM) of Monocot Wealth Management, LLC is $54.88 million. The firm's AUM has gone down by -59% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $53.97 million in discretionary accounts and $910 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $490.65 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $227.5 thousand.

Monocot Wealth Management has custody of $46.83 million in cash and securities for 258 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 59% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Monocot Wealth Management is high net worth individuals with 31 clients and $37.9 million of assets under management. Among the 6 most similar advisory firms, Monocot Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $53.97 million for 110 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.

Monocot Wealth Management doesn't advise any private funds.

Careers at Monocot Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 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 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
Josephus L Teurlings	Managing member	1 Apr 2016	50% - 75%	4494404
Steven Carmandalian	Managing member	1 Apr 2016	50% - 75%	2713564
Terese Anne Swigart	Chief compliance officer	1 Apr 2016	Other	5282834

Based in Westlake Village

The principal office where Monocot Wealth Management, LLC performs its advisory services is located at 2659 Townsgate Rd., Westlake Village, CA 91361, which is also the mailing address of the firm. An additional office of the firm is in Newport Beach, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 805-366-3482 or by fax 805-366-3481. The normal business hours are 7:30am - 4:00pm on Monday - Friday. You can find more information about the New York firm at monocotwm.com.