Occidental Asset Management, LLC is a large advisory firm based in Burlingame. It manages $271.34 million of regulatory assets for 825 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Florida, Hawaii, Texas, and Washington.
Occidental Asset Management 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 Occidental Asset Management, LLC is $271.34 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 124% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Occidental Asset Management, LLC for their services and products based on a percentage of assets under management. 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 only and largest group of clients of Occidental Asset Management is high net worth individuals with 400 clients and $271.34 million of assets under management. Among the 10 most similar advisory firms, Occidental Asset Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $271.34 million for 400 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.
Occidental Asset Management doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
The principal office where Occidental Asset Management, LLC performs its advisory services is located at 301 California Drive #9, Burlingame, CA 94010, which is also the mailing address of the firm. An additional office of the firm is in Lihue, HI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 650-344-1600 or by fax 650-745-7347. The normal business hours are 7:30 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at occamllc.net.