Garcia Wealth Management Group, Inc. (Templeton)

Name: Garcia Wealth Management Group, Inc.
Address: 613 S. Main Street, Templeton, CA, 93465
Telephone: 805-434-2608

Garcia Wealth Management Group, Inc. is a large advisory firm based in Templeton. It manages $322.76 million of regulatory assets for 814 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Oregon, and Texas.

Garcia Wealth Management Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Garcia Wealth Management Group: assets under management

The assets under management (AUM) of Garcia Wealth Management Group, Inc. is $322.76 million. The firm's AUM has grown by 82% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $278.6 million in discretionary accounts and $44.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $360.89 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.05 million.

Garcia Wealth Management Group has custody of $75.72 thousand in cash and securities for 1 client 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 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Garcia Wealth Management Group is pension and profit sharing plans with 94 clients and $175.95 million of assets under management. Among the 9 most similar advisory firms, Garcia Wealth Management Group has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $319.19 million for 327 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.

Garcia Wealth Management Group doesn't advise any private funds.

Careers at Garcia Wealth Management Group, Inc.

The company employs 7 people that are either part- or full-time employees. 43 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
Robert Alan Garcia	President and chief compliance officer	1 Jan 2015	75% - 100%	2825274

Based in Templeton

The principal office where Garcia Wealth Management Group, Inc. performs its advisory services is located at 613 S. Main Street, Templeton, CA 93465, which is also the mailing address of the firm. An additional office of the firm is in San Luis Obispo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 805-434-2608 or by fax 805-434-9359. The normal business hours are m-th 7am-5pm; f 8am-2pm on Monday - Friday. You can find more information about the New York firm at garciawealth.com.