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
- Other
Available Fee Structures
- Hourly
- Performance-based Fees
Comprehensive Financial Management LLC Overview
Comprehensive Financial Management LLC is an investment advisory firm based in Los Gatos, California. Since its establishment in 2012, the company has been serving clients with its fee-based services. As an accounting firm that provides investment advice, the firm is registered with the SEC as a registered investment advisory firm. Comprehensive Financial Management LLC specializes in financial planning and portfolio management services for individuals, small businesses, and institutional clients. Through its customized and comprehensive plans, the firm helps its clients achieve their unique financial goals. Their portfolio management services are tailored to meet the specific needs of their clients, ensuring that their investment portfolios are well-diversified and managed efficiently. In addition to its core services, Comprehensive Financial Management LLC also provides guidance for the selection of other advisors. The firm works with its clients to identify and recommend suitable advisors who can help them make informed financial decisions. Overall, Comprehensive Financial Management LLC is dedicated to providing its clients with high-quality financial advice and management services to ensure their long-term financial success.
Comprehensive Financial Management LLC is a renowned financial advisory firm with a diverse clientele, serving individuals, charitable organizations, and other types of clients. In particular, the firm has built a strong reputation for providing sound financial advice to high net worth individuals. These clients typically require specialized attention that takes into account their unique financial circumstances. Additionally, the firm assists charitable organizations in managing their donor funds, ensuring that they are used in the most efficient and effective manner possible. The firm's expertise extends beyond these areas, as it is well-equipped to assist other clients who require financial planning and investment advice. When it comes to fee structures, Comprehensive Financial Management LLC offers a variety of options depending on the specific service provided. For those requiring ongoing financial advice, the firm typically charges an hourly fee. This structure allows clients to pay for the exact amount of time they need from the firm's financial advisors, and ensures that they receive the highest quality advice in a cost-effective manner. Alternatively, the firm also offers performance-based fees for those clients who want to be sure that their financial advisors are fully invested in their success. This fee structure aligns the interests of the firm and the client, as the advisors are incentivized to achieve maximum returns on the client's investments. In all cases, the firm's fees are structured to ensure that clients receive the highest value for their investment in financial advisory services.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Comprehensive Financial Management LLC mentions that the firm reserves the right to impose an investment minimum "when deemed necessary for certain account types." However, the exact minimum investment amount is not specified in the brochure. Therefore, it is unclear what the investment minimum for this firm may be.
How This Office Can Help Los Gatos, CA Residents
Comprehensive Financial Management is a company that assists clients in Los Gatos, CA in everything related to their finances. Many people in the area face specific financial challenges, such as saving for retirement, paying for childcare or education costs, and managing debt. Comprehensive Financial Management provides customized financial planning services to help clients meet their specific needs and objectives. They offer assistance in areas such as budgeting, investing, tax planning, estate planning, and insurance. Additionally, they provide guidance on managing debt and building credit, which can be particularly important for those in Los Gatos who may be facing high living costs or expensive housing. With the help of Comprehensive Financial Management, residents of Los Gatos can explore a wide range of financial solutions and develop a personalized plan to meet their goals.
Services Offered by Comprehensive Financial Management 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 Comprehensive Financial Management 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
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.
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).
Unavailable
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.
Subscription (Newsletter or Periodical)
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.
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.
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
Firm Headquarters
This firm has no other locations.
State Registrations
Comprehensive Financial Management LLC is registered to service clients in the following states:
- California
Disciplinary History
Comprehensive Financial Management LLC does not have any disclosures. Please visit it's Form ADV for more details.