Carlsbad Wealth Advisory Group, Inc. (Carlsbad)

Name: Carlsbad Wealth Advisory Group, Inc.
Address: 5927 Balfour Ct, Suite 207, Carlsbad, CA, 92008
Telephone: 760-607-0812

Carlsbad Wealth Advisory Group, Inc. is a large advisory firm based in Carlsbad. It manages $149.12 million of regulatory assets for 707 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of California.

Carlsbad Wealth Advisory Group 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.

Carlsbad Wealth Advisory Group: assets under management

The assets under management (AUM) of Carlsbad Wealth Advisory Group, Inc. is $149.12 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 295% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $149.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $210.92 thousand each.

Carlsbad Wealth Advisory Group has custody of $27 million in cash and securities for 22 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carlsbad Wealth Advisory Group, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Carlsbad Wealth Advisory Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Carlsbad Wealth Advisory Group is high net worth individuals with 40 clients and $102.8 million of assets under management. Among the 8 most similar advisory firms, Carlsbad Wealth Advisory Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $149.12 million for 249 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.

Carlsbad Wealth Advisory Group doesn't advise any private funds.

Careers at Carlsbad Wealth Advisory Group, Inc.

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.

Andrew Phillip Sontag has served as the Chief Investment Officer since 1 Feb 2008 and David Larkin George is the Chief Executive Officer of Carlsbad Wealth Advisory Group, Inc. family office.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Phillip Sontag	Chief investment officer/chief compliance officer	1 Feb 2008	Other	4685106
David Larkin George	Chief executive officer	1 Mar 2008	75% - 100%	1908703

Based in Carlsbad

The principal office where Carlsbad Wealth Advisory Group, Inc. performs its advisory services is located at 5927 Balfour Ct, Suite 207, Carlsbad, CA 92008, 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 760-607-0812 or by fax 888-200-3750. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at carlsbadwealth.com.