Avalan, LLC is a large advisory firm based in Santa Barbara. It manages $169.13 million of regulatory assets for 380 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California and Illinois.
Avalan provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Avalan, LLC is $169.13 million. The firm's AUM has grown by 312% 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 Avalan, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Avalan is high net worth individuals with 92 clients and $107.8 million of assets under management. Among the 8 most similar advisory firms, Avalan has the 3rd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $169.13 million for 183 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.
Avalan doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Avalan, LLC performs its advisory services is located at 233 E Carillo, Santa Barbara, CA 93101, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 805-962-7725. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at avalanwealth.com.