Auspicious Financial Planning, LLC (San Ramon)


Auspicious Financial Planning, LLC is a large advisory firm based in San Ramon. It manages $170 million of regulatory assets for 510 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Georgia, and 5 other states.

Auspicious Financial Planning provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Auspicious Financial Planning: assets under management

The assets under management (AUM) of Auspicious Financial Planning, LLC is $170 million, all of which is managed in discretionary accounts. $1 million of the total AUM is attributable to clients outside of the United States.

The firm manages $170 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $333.33 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Auspicious Financial Planning, LLC for their services and products based on a percentage of assets under management. 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 Auspicious Financial Planning serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Auspicious Financial Planning is high net worth individuals with 100 clients and $100 million of assets under management. Among the 10 most similar advisory firms, Auspicious Financial Planning has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $170 million for 278 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.

Auspicious Financial Planning doesn't advise any private funds.

Careers at Auspicious Financial Planning, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Louis Isaac Dagen Managing member & chief compliance officer 1 Jun 2018 75% - 100% 2176866
The Louis I. Dagen And Grace W. Chen Revocable Trust Managing member 1 Jun 2018 75% - 100% xxx-xx-xxxx

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Louis Isaac Dagen Trustee 1 Oct 2007 50% - 75% 2176866
Grace Wun Chen Trustee 1 Oct 2007 50% - 75% 6298293

Based in San Ramon

The principal office where Auspicious Financial Planning, LLC performs its advisory services is located at 2603 Camino Ramon, San Ramon, CA 94583, 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 925-355-1200. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at auspiciousfinancial.com.