Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pooled Investment Vehicles
- Charitable Organizations
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Wescap Group Overview
WESCAP GROUP is a reputable fee-only registered investment advisory firm that has been providing investment advice since 1988. Their headquarters are located in Glendale, California, where they have been offering financial planning, portfolio management for individuals and small businesses, and portfolio management of pooled investment vehicles. They offer a variety of services tailored to each client's unique needs and goals. They are committed to providing access to personalized investment management, as they focus on providing unbiased financial advice free from conflicts of interest. As a registered firm, WESCAP GROUP holds itself to a fiduciary standard, which means they have a legal responsibility to put their clients' interests above their own. Their vast experience in the industry gives clients confidence that their financial future is well taken care of. At WESCAP GROUP, they believe that building reliable and lasting relationships is the key to success, as they work closely with clients to identify and prioritize their financial goals, continually providing access to the most relevant investment opportunities.
WESCAP GROUP provides a wide range of investment management services to various types of clients. The firm caters to the needs of individuals, high net worth individuals, pooled investment vehicles, and charitable organizations. Each client has specific investment objectives, and WESCAP GROUP takes these objectives into account when designing investment strategies. The firm's experienced professionals provide personalized advice, customized investment solutions, and sound risk management guidance to help clients achieve their financial goals. WESCAP GROUP offers flexible fee structures that vary depending on the service provided. For those seeking investment management services, the firm charges a percentage of Assets Under Management (AUM). This structure incentivizes the firm to grow clients' assets, as the higher the AUM, the greater the fees. Alternatively, clients can opt for an hourly fee structure, which charges a flat rate for each hour of service delivered. This structure is particularly beneficial for clients who need financial advice and guidance on specific issues. Finally, fixed fees are available for clients seeking specific services, such as financial planning or portfolio analysis. This structure provides upfront cost clarity, allowing clients to budget for their financial management needs. Overall, WESCAP GROUP's fee structures are designed to be flexible, transparent, and aligned with clients' interests.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure for WESCAP GROUP does mention an investment minimum for their Wealth Management advisory account. According to the note, the minimum investment required is $500,000. This minimum amount is necessary both to open and maintain the account. Therefore, clients who are interested in seeking advisory services from WESCAP GROUP must be prepared to meet this investment minimum.
How This Office Can Help Glendale, CA Residents
WESCAP Group is a trusted financial advising and wealth management firm that assists clients in Glendale, CA. With the ever-changing economy and financial landscape, many Glendale residents may find themselves facing financial challenges that require professional guidance. WESCAP Group's team of experienced advisors can help clients navigate these situations and make informed decisions to achieve their financial goals. One specific financial situation that clients in Glendale may face is planning for retirement. Many residents may be unsure of how to prepare financially for retirement or may have concerns about their current retirement savings. WESCAP Group's retirement planning services can help clients develop a comprehensive plan to ensure they have enough savings to live comfortably during their retirement years. Additionally, with the high cost of living in California, residents may need assistance in managing their finances to ensure they are living within their means. WESCAP Group's budgeting and cash flow management services can help clients gain control of their finances and make informed decisions to achieve financial stability.
Services Offered by Wescap Group
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Wescap Group most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8 AM–5 PM
- Tue 8 AM–5 PM
- Wed 8 AM–5 PM
- Thu 8 AM–5 PM
- Fri 8 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Wescap Group is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Louisiana
- Oregon
- Pennsylvania
- Texas
- Washington
Disciplinary History
Wescap Group does not have any disclosures. Please visit it's Form ADV for more details.