Cml Wealth Management, LLC (Brea)

Name: Cml Wealth Management, LLC
Address: 135 S. State College Blvd., Brea, CA, 92821
Telephone: (714) 494-2460

Cml Wealth Management, LLC is a large advisory firm based in Brea. It manages $125.78 million of regulatory assets for 347 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Hawaii, and Texas.

Cml Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other 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.

Cml Wealth Management: assets under management

The assets under management (AUM) of Cml Wealth Management, LLC is $125.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $125.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $362.48 thousand each.

Cml Wealth Management has custody of $55.97 million in cash and securities for 96 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 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cml Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.

What kind of clients Cml Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cml Wealth Management is individuals with 202 clients and $63.46 million of assets under management. Among the 9 most similar advisory firms, Cml Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $125.78 million for 245 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.

Cml Wealth Management doesn't advise any private funds.

Careers at Cml Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 67 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Morris Antoine Boladian	Managing member/chief compliance officer	1 Jun 2015	75% - 100%	2594302
Morris Antoine Boladian	Managing member/chief compliance officer	1 Jul 2015	75% - 100%	2594302

Based in Brea

The principal office where Cml Wealth Management, LLC performs its advisory services is located at 135 S. State College Blvd., Brea, CA 92821, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (714) 494-2460 or by fax (714) 494-2466. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at cmlwealth.com.