Pacific Wealth Strategies Group, Inc. (Santa Barbara)

Name: Pacific Wealth Strategies Group, Inc.
Address: 4213 State Street, Santa Barbara, CA, 93110
Telephone: 805-966-7775

Pacific Wealth Strategies Group, Inc. is a large advisory firm based in Santa Barbara. It manages $171.11 million of regulatory assets for 494 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of California.

Pacific Wealth Strategies Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pacific Wealth Strategies Group: assets under management

The assets under management (AUM) of Pacific Wealth Strategies Group, Inc. is $171.11 million. The firm's AUM has grown by 578% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $168.51 million in discretionary accounts and $2.59 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $344.61 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $518.76 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pacific Wealth Strategies Group, Inc. 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.

What kind of clients Pacific Wealth Strategies Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Pacific Wealth Strategies Group is high net worth individuals with 64 clients and $74.03 million of assets under management. Among the 9 most similar advisory firms, Pacific Wealth Strategies Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $171.11 million for 262 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.

Pacific Wealth Strategies Group doesn't advise any private funds.

Careers at Pacific Wealth Strategies Group, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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
Erin Jane Neil	Vice president, corporate secretary & treasurer	1 Aug 2007	50% - 75%	2732161
Jeffery Dane Brookshire	President & chief compliance officer	1 Aug 2007	50% - 75%	2964215

Based in Santa Barbara

The principal office where Pacific Wealth Strategies Group, Inc. performs its advisory services is located at 4213 State Street, Santa Barbara, CA 93110, which is also the mailing address of the firm. An additional office of the firm is in Porterville, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 805-966-7775 or by fax 805-966-7736. The normal business hours are 8am to 1pm on Monday - Friday. You can find more information about the New York firm at pwsg.net.