Bergquist Wang, LLC (Santa Barbara)

Bergquist Wang, LLC is a large advisory firm based in Santa Barbara. It manages $98.5 million of regulatory assets for 102 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of California.

Bergquist Wang provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and hourly-rate tax/estate planning advice & fiduciary advisory svcs. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bergquist Wang: assets under management

The assets under management (AUM) of Bergquist Wang, LLC is $98.5 million. The firm's AUM has gone down by -25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $66.81 million in discretionary accounts and $31.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $814.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.58 million.

Investments

The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is other assets, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bergquist Wang, LLC 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 Bergquist Wang serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bergquist Wang is high net worth individuals with 15 clients and $91.1 million of assets under management. Among the 8 most similar advisory firms, Bergquist Wang has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $96.69 million for 29 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.

Bergquist Wang doesn't advise any private funds.

Careers at Bergquist Wang, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael John Bergquist	Member, cco	1 Nov 2012	50% - 75%	1378702
Jonathan Kae Chi Wang	Member	1 Mar 2013	25% - 50%	4196411
Michael John Bergquist	Member	1 Mar 2013	50% - 75%	1378702

Based in Santa Barbara

The principal office where Bergquist Wang, LLC performs its advisory services is located at 1114 State Street, Santa Barbara, CA 93101, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 805-568-5313 or by fax 805-568-5315. The normal business hours are 9am-5pm on Monday - Friday.