Personal Financial Consultants, Inc. (Lafayette)

Name: Personal Financial Consultants, Inc.
Address: 3738 Mt. Diablo, Lafayette, CA, 94549
Telephone: 888-557-3272

Personal Financial Consultants, Inc. is a large advisory firm based in Lafayette. It manages $196.4 million of regulatory assets for 211 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Hawaii, Texas, and Washington.

Personal Financial Consultants provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Personal Financial Consultants: assets under management

The assets under management (AUM) of Personal Financial Consultants, Inc. is $196.4 million. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $196.19 million in discretionary accounts and $210.82 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $938.7 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $105.41 thousand.

Personal Financial Consultants has custody of $3.58 million in cash and securities for 8 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 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Personal Financial Consultants, Inc. 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 Personal Financial Consultants serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Personal Financial Consultants is high net worth individuals with 89 clients and $141.44 million of assets under management. Among the 11 most similar advisory firms, Personal Financial Consultants has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $196.4 million for 211 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.

Personal Financial Consultants doesn't advise any private funds.

Careers at Personal Financial Consultants, Inc.

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 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
Loren Bruce Kayfetz	President, chief compliance officer	1 Mar 1990	75% - 100%	1005250
Patricia A Pannell	Chief executive office/chief financial officer	1 Apr 2014	Other	6465225
Stefanie Dawn Corrales	Chief operating officer	1 Jan 2015	Other	1767254

Based in Lafayette

The principal office where Personal Financial Consultants, Inc. performs its advisory services is located at 3738 Mt. Diablo, Lafayette, CA 94549, 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 888-557-3272 or by fax 888-852-3273. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at personalfinancial.com.