Kondo Wealth Advisors, Inc (Pasadena)

Name: Kondo Wealth Advisors, Inc
Address: 300 N Lake Ave., Pasadena, CA, 91101
Telephone: 626-449-7783

Kondo Wealth Advisors, Inc is a large advisory firm based in Pasadena. It manages $163.04 million of regulatory assets for 973 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California and Hawaii.

Kondo Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and institutional intelligent portfolios (robo services). It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Kondo Wealth Advisors: assets under management

The assets under management (AUM) of Kondo Wealth Advisors, Inc is $163.04 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $151.92 million in discretionary accounts and $11.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $115.87 thousand.

Kondo Wealth Advisors has custody of $28.68 million in cash and securities for 83 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kondo Wealth Advisors, 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 Alan Tadashi Kondo serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Alan Tadashi Kondo is individuals with 303 clients and $96.41 million of assets under management. Among the 10 most similar advisory firms, Kondo Wealth Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $160.68 million for 351 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.

Kondo Wealth Advisors doesn't advise any private funds.

Careers at Kondo Wealth Advisors, Inc

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 3 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.

Alan Tadashi Kondo has been acting as President since 1 Jan 2016. Akemi Kondo Dalvi joined the executive team most recently as the Chief Executive Officer & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Akemi Kondo Dalvi	President & chief compliance officer	1 Mar 2013	75% - 100%	5617765
Akemi Kondo Dalvi	Chief executive officer & chief compliance officer	1 Jul 2014	75% - 100%	5617765
Alan Tadashi Kondo	President	1 Jul 2014	Other	2559091
Alan Tadashi Kondo	President	1 Jan 2016	Other	2559091

Based in Pasadena

The principal office where Kondo Wealth Advisors, Inc performs its advisory services is located at 300 N Lake Ave., Pasadena, CA 91101, which is also the mailing address of the firm. An additional office of the firm is in Torrance, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 626-449-7783 or by fax 626-449-7785. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at kondowealthadvisors.com.