Pensionmark Financial Group, LLC (Santa Barbara)

Name: Pensionmark Financial Group, LLC
Address: 24 E. Cota Street, Santa Barbara, CA, 93101
Telephone: 888-201-5488

Pensionmark Financial Group, LLC is a large advisory firm based in Santa Barbara. It manages $18.44 billion of regulatory assets for 5,166 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 41 other states.

Pensionmark Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pensionmark Financial Group: assets under management

The assets under management (AUM) of Pensionmark Financial Group, LLC is $18.44 billion. The firm's AUM has grown by 188% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.82 billion in discretionary accounts and $14.63 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.1 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.64 million.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pensionmark Financial Group, 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 Troy Glen Hammond serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Troy Glen Hammond is individuals with 4,565 clients and $13.86 billion of assets under management. Among the 12 most similar advisory firms, Pensionmark Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $18.44 billion for 5,166 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.

Pensionmark Financial Group doesn't advise any private funds.

Careers at Pensionmark Financial Group, LLC

The company employs 194 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 118 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people 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.

Troy Glen Hammond has been acting as President since 1 Apr 2015. Jennifer A Tanck joined the executive team most recently as the Evp/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jennifer A Tanck	Chief compliance officer	1 Apr 2015	Other	4159179
Troy Glen Hammond	Ceo/president	1 Apr 2015	Other	2254232
Pensionmark Retirement Group	Owner	1 Apr 2015	75% - 100%	26-1958084
Michael Sean Woods	Chief compliance officer	1 May 2015	Other	2453768
Llc The Capfinancial Group	Owner	1 May 2015	25% - 50%	47-4009638
Jennifer A Tanck	Evp/chief compliance officer	1 Mar 2017	Other	4159179

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Fielding Miller	Owner	1 Oct 1997	25% - 50%	1587301
Troy Glen Hammond	President/ceo	1 Feb 2008	75% - 100%	2254232
James Fielding Miller	President	1 May 2015	25% - 50%	1587301
Inc. Capfinancial Holdings	Member	1 May 2015	75% - 100%	47-3999131

Based in Santa Barbara

The principal office where Pensionmark Financial Group, LLC performs its advisory services is located at 24 E. Cota Street, Santa Barbara, CA 93101, which is also the mailing address of the firm. An additional office of the firm is in Harrisonburg, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-201-5488 or by fax 678-679-6067. The normal business hours are 8:30 am - 4:30 pm pst on Monday - Friday. You can find more information about the New York firm at pensionmark.com/.