Private Wealth Solutions, LLC is a large advisory firm based in Woodland Hills. It manages $148 million of regulatory assets for 655 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of California.
Private Wealth Solutions provides financial planning services, 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.
The assets under management (AUM) of Private Wealth Solutions, LLC is $148 million. $900 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Private Wealth Solutions, LLC 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Private Wealth Solutions is high net worth individuals with 35 clients and $76 million of assets under management. Among the 9 most similar advisory firms, Private Wealth Solutions has the 4th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $148 million for 310 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.
Private Wealth Solutions doesn't advise any private funds.
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.
The principal office where Private Wealth Solutions, LLC performs its advisory services is located at 5850 Canoga Avenue, Woodland Hills, CA 91367, 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 818-264-0600. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at privatewealthsolutions.com/.