Mulholland Wealth Advisors, LLC (Los Angeles)

Mulholland Wealth Advisors, LLC is a large advisory firm based in Los Angeles. It manages $128.87 million of regulatory assets for 869 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Michigan, and 6 other states.

Mulholland Wealth Advisors provides portfolio management for individuals and small businesses and sub-adviser to investment advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mulholland Wealth Advisors: assets under management

The assets under management (AUM) of Mulholland Wealth Advisors, LLC is $128.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 78% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $128.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $148.29 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mulholland Wealth Advisors, 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.

What kind of clients Richard Duff serves?

The only and largest group of clients of Richard Duff is other investment advisers with 2 clients and $128.87 million of assets under management. Among the 13 most similar advisory firms, Mulholland Wealth Advisors has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $128.87 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Mulholland Wealth Advisors doesn't advise any private funds.

Careers at Mulholland Wealth Advisors, LLC

The company employs 14 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 2 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.

Richard Duff has been acting as President since 1 Mar 2015. John Chi Wai Yung joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Duff	President	1 Mar 2015	Other	3078994
Michael Todd Messinger	Chief executive officer	1 Dec 2015	Other	4291835
Ryan Richard Rouse	Chief compliance officer	1 Dec 2015	Other	5782918
Llc. Redwood Investment Management	Owner	1 Dec 2015	75% - 100%	153139
Llc Mystic Pines Investment Holdings	Owner	1 Feb 2016	25% - 50%	47-6644175
Llc Garden State Investment Holdings	Owner	1 Feb 2016	25% - 50%	47-6642059
Michael Cheung	Portfolio manager	1 Nov 2017	Other	5862358
Llc Redwood Investment Holdco	Owner	1 Jan 2018	75% - 100%	82-3390115
John Chi Wai Yung	Chief compliance officer	1 May 2018	Other	2228289

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Todd Messinger	Owner	1 Feb 2010	75% - 100%	4291835
Alexis Messinger Dynasty Trust	Owner	1 Nov 2014	75% - 100%	47-6644175
Michael Messinger Family Trust	Owner	1 Nov 2014	75% - 100%	47-6642059
Llc Mystic Pines Investment Holdings	Owner	1 Jan 2018	25% - 50%	xxx-xx-xxxx
Llc Garden State Investment Holdings	Owner	1 Jan 2018	25% - 50%	xxx-xx-xxxx

Based in Los Angeles

The principal office where Mulholland Wealth Advisors, LLC performs its advisory services is located at 1117 S. Robertson Blvd, Los Angeles, CA 90035, which is also the mailing address of the firm. An additional office of the firm is in Scotttsdale, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 3102728187 or by fax 3102810720. The normal business hours are 7:00 am to 4:00 pm on Monday - Friday.