Avitas Wealth Management, LLC (Los Angeles)

Name: Avitas Wealth Management, LLC
Address: 1901 Avenue Of The Stars, Los Angeles, CA, 90067
Telephone: (424) 371-9010

Avitas Wealth Management, LLC is a large advisory firm based in Los Angeles. It manages $641.98 million of regulatory assets for 497 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, New York, and Texas.

Avitas Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Avitas Wealth Management: assets under management

The assets under management (AUM) of Avitas Wealth Management, LLC is $641.98 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $641.98 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.29 million each.

Avitas Wealth Management has custody of $83.16 million in cash and securities for 73 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is state and local bonds, which make up 26% of the firm’s portfolio. Investments in investment grade corporate bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Avitas Wealth Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Avitas Wealth Management serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Avitas Wealth Management is high net worth individuals with 130 clients and $612.01 million of assets under management. Among the 8 most similar advisory firms, Avitas Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $641.7 million for 158 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.

Avitas Wealth Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Avitas Wealth Management, LLC

The company employs 10 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 10 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
Russell Douglas Evans	Trustee, manager, and chief compliance officer	1 Nov 2017	25% - 50%	2217568
Catherine Anne Gerst	Trustee	1 Nov 2017	Other	1602313
Greg Robert Satz	Trustee	1 Nov 2017	25% - 50%	1636767
Eric Howard Taslitz	Trustee	1 Nov 2017	Other	2746891
The Evans Family Trust	Member	1 Nov 2017	25% - 50%	xxx-xx-xxxx
The Gerst Family Trust	Member	1 Nov 2017	Other	xxx-xx-xxxx
The Satz 1993 Trust	Member	1 Nov 2017	25% - 50%	xxx-xx-xxxx
Jones Taslitz Trust	Member	1 Nov 2017	Other	xxx-xx-xxxx
Daniel Colton Gerst	Trustee	1 Nov 2017	Other	6887241
Hilary Satz	Trustee	1 Nov 2017	Other	6887243
Elizabeth M. Evans	Trustee	1 Nov 2017	Other	6887244
Ruth A Jones	Trustee	1 Nov 2017	Other	6887245
Hilary Nmn Satz	Trustee	1 Nov 2017	Other	6887243
Elizabeth Mary Evans	Trustee	1 Nov 2017	Other	6887244
Ruth Anne Jones	Trustee	1 Nov 2017	Other	6887245

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Hilary Nmn Satz	Trustee	1 Apr 1993	Other	6887243
Greg Robert Satz	Trustee	1 Apr 1993	Other	1636767
Eric H. Taslitz	Trustee	1 Oct 1998	Other	2746891
Ruth Anne Jones	Trustee	1 Oct 1998	Other	6887245
Russell Douglas Evans	Trustee	1 Oct 2004	Other	2217568
Elizabeth Mary Evans	Trustee	1 Oct 2004	Other	6887244
Daniel Colton Gerst	Trustee	1 Mar 2005	Other	6887241
Catherine Anne Gerst	Trustee	1 Mar 2005	Other	1602313

Based in Los Angeles

The principal office where Avitas Wealth Management, LLC performs its advisory services is located at 1901 Avenue Of The Stars, Los Angeles, CA 90067, 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 (424) 371-9010 or by fax (424) 371-9029. The normal business hours are 6:30am - 4:00pm on Monday - Friday. You can find more information about the New York firm at avitaswealth.com and its LinkedIn profile.