Simplex Wealth Management, LLC (San Ramon)

Simplex Wealth Management, LLC is a related adviser based in San Ramon. It manages $96.81 million of regulatory assets for 410 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of California.

Simplex 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 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Simplex Wealth Management: assets under management

The assets under management (AUM) of Simplex Wealth Management, LLC is $96.81 million. The firm's AUM has grown by 2589% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $75.86 million in discretionary accounts and $20.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $291.09 thousand.

Simplex Wealth Management has custody of $31.05 million in cash and securities for 88 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 82% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% 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 Simplex Wealth Management, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Simplex Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Simplex Wealth Management is high net worth individuals with 44 clients and $73.96 million of assets under management. Among the 8 most similar advisory firms, Simplex Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $96.81 million for 114 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.

Simplex Wealth Management doesn't advise any private funds.

Careers at Simplex Wealth Management, LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Ho Seo	Managing member/chief compliance officer	1 Dec 2013	75% - 100%	3175582

Based in San Ramon

The principal office where Simplex Wealth Management, LLC performs its advisory services is located at 3160 Crow Canyon Rd, Suite 150,, San Ramon, CA 94583, 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 925-804-6468 or by fax 925-804-6688. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday.