Wespac Advisors Socal, LLC (Pasadena)

Name: Wespac Advisors Socal, LLC
Address: 201 S. Lake Avenue, Pasadena, CA, 91101
Telephone: 626-304-9888

Wespac Advisors Socal, LLC is a large advisory firm based in Pasadena. It manages $293.84 million of regulatory assets for 672 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, and Texas.

Wespac Advisors Socal provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wespac Advisors Socal: assets under management

The assets under management (AUM) of Wespac Advisors Socal, LLC is $293.84 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 131% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $293.84 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $437.27 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wespac Advisors Socal, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wespac Advisors Socal serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Wespac Advisors Socal is high net worth individuals with 90 clients and $194.45 million of assets under management. Among the 8 most similar advisory firms, Wespac Advisors Socal has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $293.84 million for 335 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.

Wespac Advisors Socal doesn't advise any private funds.

Careers at Wespac Advisors Socal, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Peter Pin Chen	Managing member	1 Jun 2011	50% - 75%	2880266
Wade Steven Perry	Managing member and chief compliance officer	1 Jun 2011	25% - 50%	2923884
Joseph Peter Traba	Portfolio manager	1 Jan 2012	Other	2749525
Coco M Lorenzo	Vice president	1 Jan 2012	Other	4598724

Based in Pasadena

The principal office where Wespac Advisors Socal, LLC performs its advisory services is located at 201 S. Lake Avenue, Pasadena, CA 91101, 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 626-304-9888 or by fax 626-467-4322. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at wespacadvisors.com.