Carmandalian Financial Group, LLC (Agoura Hills)

Carmandalian Financial Group, LLC is an adviser based in Agoura Hills. It manages $91.8 million of regulatory assets for 225 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of California.

Carmandalian Financial Group provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Carmandalian Financial Group: assets under management

The assets under management (AUM) of Carmandalian Financial Group, LLC is $91.8 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $81.8 million in discretionary accounts and $10 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $521.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $147.06 thousand.

Investments

The firm invests in state and local bonds the most. They account for 40% of the total AUM. The second-largest asset type is government bonds, which make up 25% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carmandalian Financial Group, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Carmandalian Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Carmandalian Financial Group is high net worth individuals with 26 clients and $80 million of assets under management. Among the 8 most similar advisory firms, Carmandalian Financial Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $91.8 million for 62 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.

Carmandalian Financial Group doesn't advise any private funds.

Careers at Carmandalian Financial Group, LLC

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 Carmandalian	Owner & chief compliance officer	1 Jan 2018	75% - 100%	2713564

Based in Agoura Hills

The principal office where Carmandalian Financial Group, LLC performs its advisory services is located at 30200 Agoura Road, Agoura Hills, CA 91301, 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 805-366-3484 or by fax 805-366-3481. The normal business hours are 7:30 am - 4:00 pm on Monday - Friday.