Steel Peak Wealth Management, LLC (Woodland Hills)

Name: Steel Peak Wealth Management, LLC
Address: 21650 Oxnard Street, Woodland Hills, CA, 91367
Telephone: (818) 835-8720

Steel Peak Wealth Management, LLC is a large advisory firm based in Woodland Hills. It manages $683.95 million of regulatory assets for 3,846 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Steel Peak Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 1,100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Steel Peak Wealth Management: assets under management

The assets under management (AUM) of Steel Peak Wealth Management, LLC is $683.95 million. The firm's AUM has grown by 128% since the beginning of its operation, and $1.54 million of the total AUM is attributable to clients outside of the United States.

The firm manages $664.47 million in discretionary accounts and $19.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $177.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $183.82 thousand.

Steel Peak Wealth Management has custody of $243.35 million in cash and securities for 628 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 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in pooled investment vehicles form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Steel Peak Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steel Peak Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Steel Peak Wealth Management is high net worth individuals with 147 clients and $415.41 million of assets under management. Among the 8 most similar advisory firms, Steel Peak Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $683.95 million for 1,209 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Steel Peak Wealth Management doesn't advise any private funds.

Careers at Steel Peak Wealth Management, LLC

The company employs 22 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 14 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
Reza Nmn Zamani	Managing member / chief compliance officer	1 Oct 2012	50% - 75%	4030756
Maziar Nmn Esmailbeigi	Managing member	1 Oct 2012	Other	4502889
Alireza Nmn Zamani	Managing member	1 Oct 2012	Other	4807530
Hubert William Ryan	Chief compliance officer	1 Jan 2019	Other	6586067

Based in Woodland Hills

The principal office where Steel Peak Wealth Management, LLC performs its advisory services is located at 21650 Oxnard Street, Woodland Hills, CA 91367, which is also the mailing address of the firm. An additional office of the firm is in Beverly Hills, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (818) 835-8720 or by fax (818) 835-8730. The normal business hours are 7:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at steelpeakwealth.com.