Erman Retirement Advisory (Seal Beach)

Name: Erman Retirement Advisory
Address: 3020 Old Ranch Pkwy, Seal Beach, CA, 90740
Telephone: 562-546-6021

Erman Retirement Advisory is a large advisory firm based in Seal Beach. It manages $154.22 million of regulatory assets for 207 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of California.

Erman Retirement Advisory provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as tax preparation.

Erman Retirement Advisory: assets under management

The assets under management (AUM) of Erman Retirement Advisory is $154.22 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $154.22 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $745.04 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 52% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 37% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Erman Retirement Advisory for their services and products based on a percentage of assets under management, hourly charges, and commissions. 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 Howard Dale Erman serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Howard Dale Erman is high net worth individuals with 52 clients and $87.56 million of assets under management. Among the 11 most similar advisory firms, Erman Retirement Advisory has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $154.22 million for 207 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.

Erman Retirement Advisory doesn't advise any private funds.

Careers at Erman Retirement Advisory

The company employs 7 people that are either part- or full-time employees. 43 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.

Howard Dale Erman has been acting as President since 1 Jan 2009. Jill Ann Sterlingerman joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jill Ann Sterlingerman	Vice president	1 Jan 2009	25% - 50%	1453726
Howard Dale Erman	President/chief compliance officer	1 Jan 2009	25% - 50%	1055245
Maya L Berger	Member	1 Jan 2009	Other	5776090
Max Sterling Erman	Member	1 Jan 2009	Other	6151954

Based in Seal Beach

The principal office where Erman Retirement Advisory performs its advisory services is located at 3020 Old Ranch Pkwy, Seal Beach, CA 90740, 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 562-546-6021 or by fax 562-596-6024. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ermanretirementadvisory.com.