Opes Wealth Management, LLC (Cupertino)

Name: Opes Wealth Management, LLC
Address: 19330 Stevens Creek Boulevard, Cupertino, CA, 95014
Telephone: 408-831-5804

Opes Wealth Management, LLC is a large advisory firm based in Cupertino. It manages $387.35 million of regulatory assets for 286 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Texas, and Washington.

Opes Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Opes Wealth Management: assets under management

The assets under management (AUM) of Opes Wealth Management, LLC is $387.35 million, all of which is managed in discretionary accounts. 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 $387.35 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.35 million each.

Opes Wealth Management has custody of $12.64 million in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 44% 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 Opes Wealth Management, 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 Opes Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Opes Wealth Management is high net worth individuals with 176 clients and $344.09 million of assets under management. Among the 5 most similar advisory firms, Opes Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $387.35 million for 286 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.

Opes Wealth Management doesn't advise any private funds.

Careers at Opes Wealth Management, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Mark Townsend Duvall has served as the Chief Investment Officer since 1 Nov 2018. Unesa Miguel joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Susan Kay Mchan	Partner	1 Nov 2018	Other	4863445
David Forrest Firth	Chief compliance officer	1 Nov 2018	Other	4331941
Mark Townsend Duvall	Chief investment officer	1 Nov 2018	25% - 50%	2432588
Erin Michael Whalen	Vice president business development	1 Nov 2018	25% - 50%	4866543
Unesa Miguel	Chief compliance officer	1 Mar 2019	Other	xxx-xx-xxxx

Based in Cupertino

The principal office where Opes Wealth Management, LLC performs its advisory services is located at 19330 Stevens Creek Boulevard, Cupertino, CA 95014, 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 408-831-5804 or by fax 866-414-6176. 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 opeswealth.com.