Argosy Wealth Management Corporation (Los Angeles)

Name: Argosy Wealth Management Corporation
Address: 6310 San Vicente Boulevard, Los Angeles, CA, 90048
Telephone: 424-212-4949

Argosy Wealth Management Corporation is a large advisory firm based in Los Angeles. It manages $286.82 million of regulatory assets for 792 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California and Texas.

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

Argosy Wealth Management Corporation: assets under management

The assets under management (AUM) of Argosy Wealth Management Corporation is $286.82 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 183% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $286.82 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $362.15 thousand each.

Argosy Wealth Management Corporation has custody of $64.77 million in cash and securities for 144 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 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Argosy Wealth Management Corporation 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 Alexander Masaru Kimura serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Alexander Masaru Kimura is high net worth individuals with 80 clients and $191.37 million of assets under management. Among the 7 most similar advisory firms, Argosy Wealth Management Corporation has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $286.82 million for 295 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.

Argosy Wealth Management Corporation doesn't advise any private funds.

Careers at Argosy Wealth Management Corporation

The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 7 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Alexander Masaru Kimura has been acting as President since 1 Apr 2010. Michael Scott Karon joined the executive team most recently as the Cco/Cfo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alexander Masaru Kimura	President	1 Apr 2010	50% - 75%	1145511
Michael Scott Karon	Cco/cfo	1 Apr 2010	50% - 75%	5683479

Based in Los Angeles

The principal office where Argosy Wealth Management Corporation performs its advisory services is located at 6310 San Vicente Boulevard, Los Angeles, CA 90048, which is also the mailing address of the firm. An additional office of the firm is in Westlake Village, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 424-212-4949 or by fax 424-212-4950. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at argosywm.com.