Aequitas Wealth Management, LLC (Los Angeles)

Name: Aequitas Wealth Management, LLC
Address: 5465 S. Centinela Avenue, Los Angeles, CA, 90066
Telephone: 310-956-3800

Aequitas Wealth Management, LLC is a large advisory firm based in Los Angeles. It manages $208.31 million of regulatory assets for 175 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of California.

Aequitas Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for non profit organizations and trusts. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Aequitas Wealth Management: assets under management

The assets under management (AUM) of Aequitas Wealth Management, LLC is $208.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 572% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $208.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.19 million each.

Aequitas Wealth Management has custody of $97.76 million in cash and securities for 49 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 14% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aequitas Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Aequitas Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Aequitas Wealth Management is high net worth individuals with 74 clients and $187.03 million of assets under management. Among the 10 most similar advisory firms, Aequitas Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $206.56 million for 174 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.

Aequitas Wealth Management doesn't advise any private funds.

Careers at Aequitas Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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 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 Peter Alexopoulos	Member/principal	1 May 2005	50% - 75%	2352055
Sarah Marie Lewis	Member/principal/chief compliance officer	1 Jan 2007	50% - 75%	5231268

Based in Los Angeles

The principal office where Aequitas Wealth Management, LLC performs its advisory services is located at 5465 S. Centinela Avenue, Los Angeles, CA 90066, 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 310-956-3800. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at aequitaswm.com.