Private Wealth Solutions, LLC (Woodland Hills)

Name: Private Wealth Solutions, LLC
Address: 5850 Canoga Avenue, Woodland Hills, CA, 91367
Telephone: 818-264-0600

Private Wealth Solutions, LLC is a large advisory firm based in Woodland Hills. It manages $148 million of regulatory assets for 655 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of California.

Private Wealth Solutions provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Private Wealth Solutions: assets under management

The assets under management (AUM) of Private Wealth Solutions, LLC is $148 million. $900 thousand of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in non-exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Private Wealth Solutions, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Private Wealth Solutions serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Private Wealth Solutions is high net worth individuals with 35 clients and $76 million of assets under management. Among the 9 most similar advisory firms, Private Wealth Solutions has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $148 million for 310 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Private Wealth Solutions doesn't advise any private funds.

Careers at Private Wealth Solutions, LLC

The company employs 2 people that are either part- or full-time employees. 100 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
Douglas James Lagerstrom	Managing member & chief compliance officer	1 Sep 2017	50% - 75%	2177433
Allen Nmn Minassian	Managing member	1 Sep 2017	25% - 50%	2448470

Based in Woodland Hills

The principal office where Private Wealth Solutions, LLC performs its advisory services is located at 5850 Canoga Avenue, Woodland Hills, CA 91367, 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 818-264-0600. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at privatewealthsolutions.com/.