Wolff Wiese Magana LLC (Carslbad)


Wolff Wiese Magana LLC is a large advisory firm based in Carslbad. It manages $139.98 million of regulatory assets for 1,064 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, Illinois, and 6 other states.

Wolff Wiese Magana provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wolff Wiese Magana: assets under management

The assets under management (AUM) of Wolff Wiese Magana LLC is $139.98 million. The firm's AUM has grown by 70% since the beginning of its operation, and $455.72 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $128.56 million in discretionary accounts and $11.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $127.66 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $200.42 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wolff Wiese Magana LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wolff Wiese Magana serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Wolff Wiese Magana is individuals with 406 clients and $67.01 million of assets under management. Among the 8 most similar advisory firms, Wolff Wiese Magana has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $139.98 million for 444 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Wolff Wiese Magana doesn't advise any private funds.

Careers at Wolff Wiese Magana LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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
Steven Ray Wolff Managing member 1 Jul 2011 25% - 50% 1537203
Catherine Mary Magana Managing member 1 Jul 2011 25% - 50% 3235785
Kerry Annette Harmon Chief compliance officer 1 Jul 2011 Other 2430783
Clifford Allen Wiese Managing member 1 Jul 2011 25% - 50% 3270892

Based in Carslbad

The principal office where Wolff Wiese Magana LLC performs its advisory services is located at 2131 Palomar Airport Rd., Carslbad, CA 92011, 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 (760) 692-5190 or by fax (760) 692-5162. The normal business hours are 6:30am - 4:00pm on Monday - Friday. You can find more information about the New York firm at wwmfinancial.com and its LinkedIn profile.