Parkshore Wealth Management (Roseville)

Name: Parkshore Wealth Management
Address: 3007 Douglas Boulevard, Roseville, CA, 95661
Telephone: 916-797-3007

Parkshore Wealth Management is a large advisory firm based in Roseville. It manages $184.64 million of regulatory assets for 941 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Texas, and Utah.

Parkshore Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and tax preparation. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Parkshore Wealth Management: assets under management

The assets under management (AUM) of Parkshore Wealth Management is $184.64 million. The firm's AUM has grown by 177% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $178.66 million in discretionary accounts and $5.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $195.9 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $206.39 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Parkshore Wealth Management 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 Harold Craig Anderson serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Harold Craig Anderson is high net worth individuals with 61 clients and $109.91 million of assets under management. Among the 8 most similar advisory firms, Parkshore Wealth Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $184.64 million for 315 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.

Parkshore Wealth Management doesn't advise any private funds.

Careers at Parkshore Wealth Management

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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.

Harold Craig Anderson has been acting as President since 1 Jul 2008. Daniel Christian Andersen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Harold Craig Anderson	President	1 Jul 2008	75% - 100%	868705
Daniel Christian Andersen	Chief compliance officer	1 Jan 2010	Other	5826910

Based in Roseville

The principal office where Parkshore Wealth Management performs its advisory services is located at 3007 Douglas Boulevard, Roseville, CA 95661, 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 916-797-3007 or by fax 916-797-1747. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at pwmadvisor.com/.