Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- 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
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Other
Golden State Wealth Management, LLC Overview
Golden State Wealth Management, LLC is an investment advisory firm based in South Coast Metro, CA. They have been in business since 2016 and provide investment advice only. As a fee-only firm, they do not receive commissions or earn from any financial products, ensuring that their advice is always in the best interest of their clients. The firm offers a range of services, including financial planning and portfolio management for both individuals and small businesses. They also provide portfolio management services for businesses or institutional clients. Pension consulting services are also available, enabling clients to make more informed decisions about their retirement plans. Golden State Wealth Management, LLC understands that every individual and business has unique financial needs and goals. As such, they provide tailor-made solutions designed to meet these specific needs. Moreover, they also help clients select other advisors if these are necessary to achieve their financial objectives. In summary, with Golden State Wealth Management, LLC, clients can rest assured that their investments are in safe hands.
Golden State Wealth Management, LLC caters to a diverse array of clients. They offer their financial expertise to individuals, as well as high net worth individuals. Moreover, they extend their services to pension or profit sharing plans, charitable organizations, and other corporation types that were not mentioned. Clients with different backgrounds and goals can depend on Golden State Wealth Management, LLC for their comprehensive financial solutions. Golden State Wealth Management, LLC understands that clients have varying needs, and with this, they offer flexible fee structures. Clients seeking investment management solutions can opt for the percentage of AUM fee structure, where they only pay for a fraction of their total assets under management. Meanwhile, clients seeking other financial services can avail of other types of fees, which are uniquely designed to cater to specific cases. The firm is dedicated to ensuring that their fee structures are transparent and competitive, and they always work with their clients to come up with a pricing plan that will best suit their budget and requirements. Ultimately, Golden State Wealth Management, LLC provides an accessible, top-quality financial advisory service that leaves no client behind.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for Golden State Wealth Management, LLC does not mention an investment minimum. The note about investment minimums states that the firm does not impose requirements for opening and maintaining accounts or otherwise engaging with them. Therefore, it is unclear what the firm's investment minimum is, if they have one at all.
How This Office Can Help Sonoma County, CA Residents
Edward Jones - Financial Advisor: Jennifer M Butters, AAMS® assists clients in San Rafael, CA with a wide range of financial services. The specific financial situations that someone living in San Rafael, CA might be facing include planning for retirement, saving for education, buying a home, managing debt, and protecting assets. Jennifer helps her clients create customized strategies to meet each of their unique financial goals. Jennifer works closely with her clients to develop a comprehensive financial plan that includes investment management, estate planning, insurance analysis, and retirement planning. She understands that each client is unique and has different financial needs and goals. Therefore, she tailors her advice to ensure that each client receives personalized recommendations. Through her expertise, Jennifer helps her clients navigate complex financial situations and make sound investment decisions to achieve their financial objectives.
Services Offered by Golden State Wealth 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 Golden State Wealth 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
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.
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.
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)
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.
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).
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
Golden State Wealth Management, LLC is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Florida
- Idaho
- Louisiana
- Michigan
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- Oregon
- Pennsylvania
- Tennessee
- Texas
- Virginia
- Washington
Disciplinary History
Golden State Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.