Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
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
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Castle Rock Wealth Management, LLC Overview
Castle Rock Wealth Management, LLC is a registered investment advisory firm in Walnut Creek, CA with a fee based fee arrangement. Since its inception in 2017, Castle Rock has been providing a range of financial services to individuals and small businesses such as financial planning, portfolio management, and pension consulting. The firm is operated by experienced broker-dealer representatives and insurance brokers/agents who are committed to providing unbiased and comprehensive investment advice to its clients. In addition to its direct offerings, Castle Rock also offers the selection of other advisors and investment managers to ensure its clients receive the diverse range of investment options and financial advice. Castle Rock's primary aim is to ease the burden of navigating the complex and ever-evolving investment landscape for its clients. The team at Castle Rock dedicates itself to providing customized financial solutions, which include ongoing portfolio monitoring and tactical adjustments in response to market conditions. Its wealth management approach gives individuals and businesses access to sound financial advice and expert portfolio management, allowing clients to focus on their business and personal success.
Castle Rock Wealth Management, LLC is a firm that serves a variety of clients with diverse needs in the financial services industry. The types of clients served by the company include individuals who require wealth management services, high net worth individuals seeking specialized financial advice, pension or profit sharing plans that need retirement planning expertise, and other corporation types not listed. The firm prides itself on being able to cater to the individual needs of each client, regardless of their level of financial complexity. When it comes to fee structures, Castle Rock Wealth Management, LLC, provides a range of options depending on the nature and sophistication of the services required. For clients who need ongoing portfolio management, the fee is calculated based on a percentage of assets under management (AUM). This fee structure ensures that the firm aligns its success with that of the client, continually striving to deliver superior investment performance. Additionally, the firm may charge a flat fee or hourly rate for certain services such as financial planning, estate planning, or tax preparation. The fees charged by the firm are transparent and designed to represent the value of the services provided. Clients can rest assured that there are no hidden or unnecessary costs associated with the services they receive from Castle Rock Wealth Management, LLC.
Typical Clients, Fee Structures & Investment Minimum
According to CASTLE ROCK WEALTH MANAGEMENT, LLC's Part 2 Brochure, the firm's investment minimums vary depending on the type of account and investment strategy chosen by the client. The brochure notes that "minimum investment amounts may apply" and that the firm "reserves the right to waive or modify minimum investment requirements." Therefore, it is not possible to determine a specific investment minimum without consulting with the firm or their representatives.
How This Office Can Help Alamo, CA Residents
Castle Rock Wealth Management, LLC provides comprehensive financial planning and investment management solutions to help clients in Alamo, CA achieve their financial goals. Many people living in Alamo face unique financial challenges given the high cost of living and high property values in the area. Castle Rock's team of experienced financial advisors can work with clients to develop a personalized financial plan that takes into account their individual circumstances and goals. For many clients in Alamo, retirement planning is a top priority. Castle Rock's advisors can help create a retirement plan that factors in the high cost of living in the area and ensures that clients have enough saved to maintain their lifestyle throughout retirement. Additionally, Castle Rock can provide guidance on managing assets such as real estate holdings or stock options, which may be prevalent in the area. Through regular reviews and adjustments, Castle Rock's advisors aim to help clients in Alamo achieve long-term financial success.
Services Offered by Castle Rock Wealth 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 Castle Rock Wealth 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.
Unavailable
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.
Subscription (Newsletter or Periodical)
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.
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
Castle Rock Wealth Management, LLC is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Idaho
- Montana
- Nevada
- New York
- Oregon
- Texas
- Washington
Disciplinary History
Castle Rock Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.