Watermark Asset Management, Inc. (San Ramon)

Name: Watermark Asset Management, Inc.
Address: 2010 Crow Canyon Place, San Ramon, CA, 94583
Telephone: 925-648-4730

Watermark Asset Management, Inc. is a large advisory firm based in San Ramon. It manages $408.12 million of regulatory assets for 1,146 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, Texas, and Washington.

Watermark Asset Management 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 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Watermark Asset Management: assets under management

The assets under management (AUM) of Watermark Asset Management, Inc. is $408.12 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 593% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $408.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $356.12 thousand each.

Investments

The firm invests in state and local bonds the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Watermark Asset Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Mark Irwin Miller serves?

The firm provides services to individuals, high net worth individuals, and state or municipal government entities. The largest group of clients of Mark Irwin Miller is high net worth individuals with 112 clients and $269.14 million of assets under management. Among the 11 most similar advisory firms, Watermark Asset Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $387.77 million for 420 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.

Watermark Asset Management doesn't advise any private funds.

Careers at Watermark Asset Management, Inc.

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 8 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.

Mark Irwin Miller has been acting as President since 1 Jun 1997. Rosanne Costello joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Irwin Miller	President/chief compliance officer	1 Jun 1997	25% - 50%	2170261
Barbara Louise Miller	Board member	1 Jun 1997	25% - 50%	4371279
Eric Tingwoei Lai	Shareholder	1 Mar 2007	Other	4726336
Eric Tingwoei Lai	Vice president	1 Feb 2008	Other	4726336
Rosanne Costello	Vice president	1 Jul 2016	Other	1098979

Based in San Ramon

The principal office where Watermark Asset Management, Inc. performs its advisory services is located at 2010 Crow Canyon Place, San Ramon, CA 94583, which is also the mailing address of the firm. An additional office of the firm is in Phoenix, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925-648-4730 or by fax 925-648-4728. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at watermarkasset.com.