Marin Bay Wealth Advisors, LLC (Sausalito)


Marin Bay Wealth Advisors, LLC is a large advisory firm based in Sausalito. It manages $211.18 million of regulatory assets for 262 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Hawaii, Nevada, Oregon, and Washington.

Marin Bay Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Marin Bay Wealth Advisors: assets under management

The assets under management (AUM) of Marin Bay Wealth Advisors, LLC is $211.18 million. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $132.97 million in discretionary accounts and $78.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $588 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in government bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marin Bay Wealth Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Marin Bay Wealth Advisors serves?

The only and largest group of clients of Marin Bay Wealth Advisors is high net worth individuals with 262 clients and $211.18 million of assets under management. Among the 9 most similar advisory firms, Marin Bay Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $211.18 million for 262 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Marin Bay Wealth Advisors doesn't advise any private funds.

Careers at Marin Bay Wealth Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Joseph Michael Haberman Managing member and chief compliance officer 1 Aug 2017 25% - 50% 3257349
James Patrick Fitzmaurice Managing member 1 Aug 2017 50% - 75% 1670867

Based in Sausalito

The principal office where Marin Bay Wealth Advisors, LLC performs its advisory services is located at 1 Harbor Dr. Suite 300, Sausalito, CA 94965, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-944-6457. The normal business hours are 8-5pm on Monday - Friday. You can find more information about the New York firm at marinbaywealth.com.

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