Compak Asset Management (Newport Beach)

Name: Compak Asset Management
Address: 1801 Dove Street, Newport Beach, CA, 92660
Telephone: (800) 388-9700

Compak Asset Management is a large advisory firm based in Newport Beach. It manages $522.25 million of regulatory assets for 2,112 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 20 other states.

Compak Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Compak Asset Management: assets under management

The assets under management (AUM) of Compak Asset Management is $522.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 854% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $522.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.28 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in investment and business development companies form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Compak Asset Management for their services and products based on a percentage of assets under management, hourly charges, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Moeez Ul Haq Ansari serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Moeez Ul Haq Ansari is high net worth individuals with 208 clients and $311.36 million of assets under management. Among the 8 most similar advisory firms, Compak Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $522.25 million for 896 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.

Compak Asset Management doesn't advise any private funds.

Careers at Compak Asset Management

The company employs 17 people that are either part- or full-time employees. 71 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.

Moeez Ul Haq Ansari has been acting as President since 1 Dec 1999. Feroz Ulhaq Ansari joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Moeez Ul Haq Ansari	President	1 Dec 1999	75% - 100%	4053253
Dana Elyse Eynon	Chief compliance officer	1 Oct 2004	Other	4225075
Feroz Ulhaq Ansari	Chief compliance officer	1 Mar 2005	Other	2304944

Based in Newport Beach

The principal office where Compak Asset Management performs its advisory services is located at 1801 Dove Street, Newport Beach, CA 92660, which is also the mailing address of the firm. An additional office of the firm is in Scottsdale, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (800) 388-9700 or by fax 877-454-5591. The normal business hours are 7:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at compak.com.