Wealth Resources Group (Westlake Village)

Name: Wealth Resources Group
Address: 2945 Townsgate Road, Westlake Village, CA, 91361
Telephone: 818-889-6700

Wealth Resources Group is a large advisory firm based in Westlake Village. It manages $126.19 million of regulatory assets for 480 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California and Texas.

Wealth Resources Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and general consulting. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Resources Group: assets under management

The assets under management (AUM) of Wealth Resources Group is $126.19 million. The firm's AUM has grown by 222% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $101.38 million in discretionary accounts and $24.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $413.5 thousand.

Wealth Resources Group has custody of $58.12 million in cash and securities for 162 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 41% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealth Resources Group for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Neal Frankle serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Neal Frankle is high net worth individuals with 42 clients and $90 million of assets under management. Among the 8 most similar advisory firms, Wealth Resources Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $126.19 million for 227 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.

Wealth Resources Group doesn't advise any private funds.

Careers at Wealth Resources Group

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person 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.

Neal Frankle has been acting as President since 1 Jun 1999. Mimi (Nmn) Frankle joined the executive team most recently as the Secretary, Chief Financial Officer, Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Neal (Nmn) Frankle	President, chief compliance officer	1 Jun 1999	Other	1390756
Neal Frankle	President	1 Jun 1999	75% - 100%	1390756
Neal Nmn Frankle	President	1 Jun 1999	75% - 100%	1390756
Neal Frankle And Mimi Frankle Family Trust	Shareholder	1 Jul 2005	75% - 100%	xxx-xx-xxxx
Mimi Frankle	Trustee	1 Jul 2005	Other	5347627
Mimi (Nmn) Frankle	Secretary, chief financial officer, treasurer	1 Mar 2011	Other	5347627

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Neal (Nmn) Frankle	Trustee	1 Jul 2005	Other	1390756
Mimi (Nmn) Frankle	Trustee	1 Jul 2005	Other	5347627

Based in Westlake Village

The principal office where Wealth Resources Group performs its advisory services is located at 2945 Townsgate Road, Westlake Village, CA 91361 The mailing address of the firm is Po Box 801598, Santa Clarita, CA 91380. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 818-889-6700 or by fax 818-530-7841. The normal business hours are 8:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at wealthresourcesgroup.com.