Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Selection of Others Advisors
- Publication of Periodicals or Newsletters
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
- Performance-based Fees
American Money Management, LLC Overview
American Money Management, LLC is a registered investment advisory firm that has been providing investment advice since 2002. It operates on a fee-only basis, which means that the firm's compensation comes solely from advisory fees paid by clients. The headquarters of the firm are located in Rancho Santa Fe, California. The firm has a wide range of services that it offers to its clients, including financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutional clients, and the selection of other advisors. The firm is focused on managing clients' portfolios in a way that can help them achieve their long-term investment goals. In addition to these services, American Money Management, LLC also produces periodicals or newsletters. These publications provide clients with the insights and educational content they need to make informed investment decisions. The firm aims to help clients achieve their financial goals by providing comprehensive investment advice that is tailored to their unique needs and objectives.
AMERICAN MONEY MANAGEMENT, LLC is a top-tier financial firm that caters to a wide array of clients, from individuals to high net worth individuals, pension or profit-sharing plans to charitable organizations, and other types of corporations. Regardless of client type, AMERICAN MONEY MANAGEMENT, LLC ensures that they provide customized services that cater to each client's unique needs and goals. The firm offers multiple fee structures that clients can choose from depending on the type of service they require. For instance, clients who need asset management can select the percentage of AUM structure, which charges a specific percentage of the client's total assets under management. In comparison, clients who need advisory services can choose the hourly structure, which calculates fees based on the time spent by the advisor in rendering the service. Clients can also opt for fixed fees, which offer a predictable fee structure, typically utilized for specific services. Finally, AMERICAN MONEY MANAGEMENT, LLC has a performance-based fee structure that calculates fees based on the performance of the client's investments. Overall, the firm ensures to provide all clients with an in-depth understanding of their fee structures and ensure that they cater to all their clients' financial needs.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for American Money Management, LLC is $100,000. According to their Part 2 Brochure note about investment minimums, "AMM's minimum account size is $100,000." However, the same note also mentions that accounts under $100,000 may be accepted on an individual basis at the discretion of AMM.
How This Office Can Help Imperial County, CA Residents
American Money Management provides comprehensive financial planning and investment management services to clients in Imperial County, CA. The firm’s experienced advisors work with individuals, families, and businesses to develop customized financial strategies that address their unique needs and goals. They take a holistic approach to financial planning, considering not just investments but also retirement planning, tax planning, estate planning, and risk management. Living in Imperial County, CA, individuals and families may face a variety of financial challenges. One common issue is debt, particularly credit card debt and medical debt. High unemployment rates in the region can also lead to financial instability for many residents. Additionally, the area’s high poverty rate can make it difficult for individuals and families to save for the future and plan for retirement. American Money Management can help clients navigate these challenges and work towards achieving financial security and stability.
Services Offered by American Money Management, LLC
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 American Money Management, LLC 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.
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).
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.
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
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
American Money Management, LLC is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Florida
- Illinois
- New Hampshire
- New York
- Oregon
- Tennessee
- Texas
- Virginia
- Washington
Disciplinary History
American Money Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.