Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
- Pension Consulting Services
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pooled Investment Vehicles
- Pension & Profit Sharing Plans
- Charitable Organizations
- State & Municipal Govt Entities
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Pensionmark Financial Group, LLC Overview
Pensionmark Financial Group, LLC is a fee-based, registered investment advisory firm that offers investment advice only. The firm has been in business since 2015 and is based in Santa Barbara, CA. Pensionmark Financial Group prides itself on the wide range of services it offers, including financial planning, portfolio management for individuals and small businesses, portfolio management of pooled investment vehicles, pension consulting services, selection of other advisors, and educational seminars and workshops. As a fee-based investment advisory firm, Pensionmark Financial Group charges clients based on a percentage of their overall assets under management. This fee structure incentivizes the firm to maximize clients' investments. The firm has built a strong reputation in the industry by providing holistic financial advice to its clients. One of the key services offered by Pensionmark Financial Group is pension consulting services. Many small businesses are not equipped to offer their employees the retirement benefits they deserve, and Pensionmark Financial Group helps them navigate the complex world of retirement planning. The firm's educational seminars and workshops are also a valuable resource for clients who want to learn more about personal finance and investing. Overall, Pensionmark Financial Group, LLC is a reliable and trustworthy investment advisory firm that prides itself on its commitment to providing top-notch investment advice and financial planning services to individuals and small businesses. Its broad range of services, fee-based structure, and commitment to educating clients make it an excellent choice for anyone looking for help with their retirement planning or investment management.
PENSIONMARK FINANCIAL GROUP, LLC provides a wide range of financial services to various clients. The types of clients that PENSIONMARK FINANCIAL GROUP, LLC serves include individuals, high net worth individuals, pooled investment vehicles, pension or profit sharing plans, charitable organizations, and state or municipal government entities. The firm is committed to providing each of its clients with individualized financial solutions customized to their unique and specific needs. PENSIONMARK FINANCIAL GROUP, LLC believes in serving its clients with the utmost professionalism, integrity, and care for their financial well-being. When it comes to fee structures, PENSIONMARK FINANCIAL GROUP, LLC offers different options depending on the services provided. Clients can choose a fee structure based on a percentage of asset under management (AUM), hourly billing rates, or fixed fees. These fee structures allow clients to choose the best option that suits their needs and budgets. For clients who prefer to pay based on the value of their portfolio, a percentage of AUM fee structure will be a suitable option. For those who require a specific service, such as financial planning, hourly billing may be the most cost-effective option. Fixed fees are also available for specific services such as tax preparation or estate planning. Whichever fee structure the client chooses, PENSIONMARK FINANCIAL GROUP, LLC ensures that it is transparent, reasonable, and tailored to the specific needs of the client.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Pensionmark Financial Group, LLC states that for wealth clients, the adviser does not require a minimum account size. However, certain third-party money managers may require a higher minimum as disclosed in the individual manager's Firm Brochure. The brochure also notes that under certain circumstances, the minimum may be waived, including related accounts that may be combined to meet the minimum if the services involved may otherwise be provided. Therefore, Pensionmark Financial Group, LLC does not have a specific investment minimum listed in their Part 2 Brochure for wealth clients.
How This Office Can Help Carpinteria, CA Residents
Pensionmark Financial Group, LLC is a leading financial advisory firm that helps clients in Carpinteria, CA to navigate the complex world of retirement planning. With a team of experienced financial advisors, Pensionmark provides a range of services to help individuals and businesses achieve their financial goals. For clients in Carpinteria, Pensionmark can assist with a variety of financial situations. Many residents in this area are nearing retirement age and may be concerned about their financial future. Pensionmark can help these clients to develop a comprehensive retirement plan, taking into account factors such as income, savings, investments, and Social Security benefits. Additionally, small business owners in Carpinteria may need assistance with retirement plans for their employees. Pensionmark can help these businesses to choose the right retirement plan option, whether it is a 401(k) or another type of pension plan. By working with Pensionmark, clients in Carpinteria can achieve greater financial stability and peace of mind as they approach retirement age.
Services Offered by Pensionmark Financial Group, LLC
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 Pensionmark Financial Group, LLC 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
Other Office Locations
This firm has no other locations.
State Registrations
Pensionmark Financial Group, LLC is registered to service clients in the following states:
- Alabama
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
Disciplinary History
Pensionmark Financial Group, LLC does not have any disclosures. Please visit it's Form ADV for more details.