Labrum Wealth Management, LLC is a large advisory firm based in Carlsbad. It manages $294.7 million of regulatory assets for 815 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Arizona, California, and 12 other states.
Labrum Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Labrum Wealth Management, LLC is $294.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 37% since the beginning of its operation, and $1.59 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Labrum Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jason Richard Labrum is high net worth individuals with 145 clients and $151.26 million of assets under management. Among the 11 most similar advisory firms, Labrum Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $294.52 million for 814 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.
Labrum Wealth Management doesn't advise any private funds.
The company employs 11 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 11 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Jason Richard Labrum has been acting as President since 1 Sep 2009. Alex Klingensmith joined the executive team most recently as the Chief Operating Officer.
The principal office where Labrum Wealth Management, LLC performs its advisory services is located at 6128 Innovation Way, Carlsbad, CA 92009, which is also the mailing address of the firm. An additional office of the firm is in Murrieta, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (760) 707-5555 or by fax (760) 707-5556. The normal business hours are 6:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at labrumwealth.com.