New Market Wealth Management, LLC is a large advisory firm based in Costa Mesa. It manages $168.9 million of regulatory assets for 320 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California and New York.
New Market Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of New Market Wealth Management, LLC is $168.9 million. The firm's AUM has grown by 69% since the beginning of its operation, and $4.64 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay New Market Wealth Management, 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.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of New Market Wealth Management is high net worth individuals with 42 clients and $147.83 million of assets under management. Among the 12 most similar advisory firms, New Market Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $167.48 million for 69 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.
New Market Wealth Management doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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 receive compensation from other entities for client referrals.
The principal office where New Market Wealth Management, LLC performs its advisory services is located at 695 Town Center Drive, Costa Mesa, CA 92626, 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 657-900-1899 or by fax 657-900-1898. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at newmarketwealth.com.