Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
The Kocen Financial Group, Inc. Overview
The Kocen Financial Group, Inc. is an investment advisory firm that has been in business since 2005. Based in Rancho Mirage, CA, this fee-based company offers investment advice only and specializes in financial planning, portfolio management for individuals and small businesses. The team's breadth of experience means they can help clients navigate complex financial decisions, ensuring they're making well-informed choices for their investments. As a fee-based company, The Kocen Financial Group, Inc. is committed to providing transparent and ethical services. They prioritize client satisfaction and work towards meeting their unique financial goals. The firm's portfolio management is tailored to individual client needs, combining investment strategies that help clients secure their financial future. They also offer the added service of selecting other advisors, providing a comprehensive approach to fulfilling all client financial needs. Whether it's for long-term planning or immediate investment decisions, The Kocen Financial Group, Inc. guarantees reliable and expert financial guidance. With a focus on investment advice, they stand out in the investment advisory industry with a reputation built on client satisfaction.
THE KOCEN FINANCIAL GROUP, INC. caters to a diverse range of clients, including individuals, high net worth individuals, pension or profit sharing plans, as well as charitable organizations. Their extensive client base represents a mix of both domestic and international entities, making THE KOCEN FINANCIAL GROUP, INC. a widely recognized name in the financial industry. Moreover, their team of financial professionals excels in providing personalized financial planning and wealth management solutions that cater to their clients’ unique needs. THE KOCEN FINANCIAL GROUP, INC. offers their clients a variety of fee structures, depending on the services provided. Their clients can opt for a percentage of assets under management (AUM) fee structure or a fixed fee. The percentage of AUM fee structure is a common fee arrangement that is calculated based on a percentage of a client's investments managed by the firm. This fee structure is easy to understand and transparent since clients know exactly what they will be charged. On the other hand, the fixed fee structure is a flat rate that is not related to the size of a client's investment. This fee structure is straightforward and can be more cost-effective for clients with significant assets. THE KOCEN FINANCIAL GROUP, INC. strives to offer clients a fully transparent and flexible fee arrangement that suits their financial needs and goals.
Typical Clients, Fee Structures & Investment Minimum
The Kocen Financial Group, Inc.'s Part 2 Brochure states that their recommended investment minimum for Investment Advising is $600,000. However, they are willing to open smaller accounts depending on the circumstances. It is important to note that grandfathered accounts may also have lower minimums.
How This Office Can Help Rancho Mirage, CA Residents
The Kocen Financial Group, Inc. provides comprehensive financial planning and investment management services to clients in Rancho Mirage, CA. With experience in estate planning, retirement planning, tax planning, and investment strategies, the team at the Kocen Financial Group can help clients navigate the unique financial challenges specific to living in Rancho Mirage. Many residents in Rancho Mirage are retirees or approaching retirement age, which can present various financial considerations. The Kocen Financial Group can provide retirement planning services to ensure clients have the funds they need to maintain their lifestyle during retirement. Additionally, Rancho Mirage is known for its luxury homes and high living expenses, so the Kocen Financial Group can assist with estate planning to provide peace of mind for affluent families looking to preserve wealth for future generations.
Services Offered by The Kocen Financial Group, Inc.
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 The Kocen Financial Group, Inc. 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.
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
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.
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 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
The Kocen Financial Group, Inc. is registered to service clients in the following states:
- California
- Massachusetts
- Nebraska
- New York
- Pennsylvania
- Texas
Disciplinary History
The Kocen Financial Group, Inc. does not have any disclosures. Please visit it's Form ADV for more details.