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.
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 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.
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.
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.
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.