Peak Financial Management Inc (Wellesley)

Name: Peak Financial Management Inc
Address: 20 William Street, Wellesley, MA, 02481
Telephone: 781-487-9500

Peak Financial Management Inc is a large advisory firm based in Wellesley. It manages $273.46 million of regulatory assets for 1,057 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Massachusetts, New Hampshire, and Texas.

Peak Financial Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Peak Financial Management: assets under management

The assets under management (AUM) of Peak Financial Management Inc is $273.46 million. The firm's AUM has grown by 113% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $272.64 million in discretionary accounts and $813.64 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $258.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $203.41 thousand.

Peak Financial Management has custody of $8.34 million in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is investment and business development companies, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Peak Financial Management Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Pran Nath Tiku 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 Pran Nath Tiku is high net worth individuals with 85 clients and $200.28 million of assets under management. Among the 13 most similar advisory firms, Peak Financial Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $273.46 million for 244 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.

Peak Financial Management doesn't advise any private funds.

Careers at Peak Financial Management Inc

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Pran Nath Tiku has been acting as President since 1 Aug 1991. Neel Tiku joined the executive team most recently as the Senior Relationship Advisor.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Pran Nath Tiku	President	1 Aug 1991	75% - 100%	1272864
Pran Nath Tiku	Chief compliance officer	1 Sep 2004	75% - 100%	1272864
Neel Tiku	Chief compliance officer	1 Sep 2014	Other	6031243
Christopher Karl Gaffney	Vice president and chief compliance officer	1 Jul 2017	Other	2896156
Neel Tiku	Senior relationship advisor	1 Dec 2018	Other	6031243

Based in Wellesley

The principal office where Peak Financial Management Inc performs its advisory services is located at 20 William Street, Wellesley, MA 02481, 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 781-487-9500 or by fax 781-487-9501. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at peak-financial.com.