Beta Wealth Group, Inc (San Diego)

Name: Beta Wealth Group, Inc
Address: 11421 W. Bernardo Court, San Diego, CA, 92127
Telephone: 858-207-3377

Beta Wealth Group, Inc is a large advisory firm based in San Diego. It manages $280.2 million of regulatory assets for 361 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Michigan, and Texas.

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

Beta Wealth Group: assets under management

The assets under management (AUM) of Beta Wealth Group, Inc is $280.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 124% since the beginning of its operation, and $1.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $280.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $776.18 thousand each.

Beta Wealth Group has custody of $30 million in cash and securities for 48 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Beta Wealth Group, Inc 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 Beta Wealth Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Beta Wealth Group is high net worth individuals with 180 clients and $243.3 million of assets under management. Among the 5 most similar advisory firms, Beta Wealth Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $280.2 million for 361 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.

Beta Wealth Group doesn't advise any private funds.

Careers at Beta Wealth Group, Inc

The company employs 5 people that are either part- or full-time employees. 100 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 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.

Beta Wealth Group, Inc is owned by Michael Edward Vleck. Jodi Trabbic Vleck joined the executive team most recently as the President & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jodi Trabbic Vleck	President & chief compliance officer	1 Dec 2009	75% - 100%	4003056
Michael Edward Vleck	Owner	1 Dec 2013	Other	5746788

Based in San Diego

The principal office where Beta Wealth Group, Inc performs its advisory services is located at 11421 W. Bernardo Court, San Diego, CA 92127, which is also the mailing address of the firm. An additional office of the firm is in Cardiff, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-207-3377 or by fax 858-207-3370. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at betawealthgroup.com and its LinkedIn profile.