Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Selection of Others Advisors
Types of Clients
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Boulevard Family Wealth Overview
Boulevard Family Wealth is a fee-only registered investment advisory firm that has been in business since 2017. The firm is headquartered in the upscale neighborhood of Beverly Hills, California, and specializes in offering investment advice. Boulevard Family Wealth only offers investment advice, thus ensuring their clients receive their undivided attention. The firm offers various services to cater to different clients' needs, including financial planning, portfolio management, and selection of other advisors. The portfolio management services are tailored to meet the needs of both individual and small businesses as well as businesses and institutional clients. Boulevard Family Wealth works with their clients to develop an investment strategy that reflects their investment objectives, risk tolerance, and financial goals. Boulevard Family Wealth is a firm run by experienced managers who try to exceed their clients' expectations. Furthermore, they strive to provide transparent, client-centric solutions that help their clients navigate market uncertainties and achieve their financial objectives. The services offered by Boulevard Family Wealth are customizable, allowing clients to tailor them to their specific needs. They use their expertise to help clients make informed investment decisions that help them grow their wealth and achieve their financial goals.
BOULEVARD FAMILY WEALTH offers financial planning and wealth management services to a variety of clients. The firm's expertise in managing wealth and crafting custom financial plans has allowed them to effectively serve high net worth individuals, charitable organizations, and various corporation types. Their clients come from a variety of industries and backgrounds and they take pride in their ability to cater to each client's unique needs and goals. From managing large investment portfolios to providing financial education and guidance, BOULEVARD FAMILY WEALTH is equipped to serve a wide range of clients. Fee structures for BOULEVARD FAMILY WEALTH services vary based on the specific offering and client preferences. For investment management services, the firm typically charges a percentage of assets under management (AUM). This model incentivizes the firm to achieve higher investment returns and provides a straightforward fee structure for clients. Alternatively, for planning services and one-time financial analyses, clients may choose to pay hourly rates. This model provides cost transparency and allows for more flexibility in billing. In other cases, clients may opt for a fixed fee for a specific service or set of services. BOULEVARD FAMILY WEALTH is committed to providing fee structures that align with their clients' needs and goals, and they work closely with clients to determine the best structure for their unique situation.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure note for Boulevard Family Wealth mentions an investment minimum of $10 million. This minimum may encourage clients to keep their accounts with Schwab, which benefits the firm's business rather than prioritizing the client's interest in receiving the best value for custody services and transaction execution.
How This Office Can Help Beverly Hills, CA Residents
Boulevard Family Wealth is a financial advisory firm that specializes in providing comprehensive wealth management solutions to clients in Beverly Hills, CA. The firm assists clients in achieving their financial goals by analyzing their current financial situation, outlining a personalized financial plan, and providing ongoing advice and support throughout the implementation process. Residents of Beverly Hills are typically high-net-worth individuals and families who require tailored financial planning solutions that address their unique circumstances. The firm’s team of experienced financial advisors can help Beverly Hills residents navigate complex financial situations such as estate planning, tax preparation, investment management, and retirement planning. With a deep understanding of Beverly Hills' unique landscape, Boulevard Family Wealth can help clients in this area achieve financial peace of mind.
Services Offered by Boulevard Family Wealth
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Boulevard Family Wealth most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 9 AM–6 PM
- Tue 9 AM–6 PM
- Wed 9 AM–6 PM
- Thu 9 AM–6 PM
- Fri 9 AM–6 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Boulevard Family Wealth is registered to service clients in the following states:
- California
- Texas
Disciplinary History
Boulevard Family Wealth does not have any disclosures. Please visit it's Form ADV for more details.