Cedar Wealth Management, LLC (Walnut Creek)

Name: Cedar Wealth Management, LLC
Address: 1990 North California Blvd, 8 Th Floor, Walnut Creek, CA, 94596
Telephone: (415) 230-2757

Cedar Wealth Management, LLC is a large advisory firm based in Walnut Creek. It manages $221.65 million of regulatory assets for 190 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, Ohio, Texas, and Washington.

Cedar Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cedar Wealth Management: assets under management

The assets under management (AUM) of Cedar Wealth Management, LLC is $221.65 million. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $212.41 million in discretionary accounts and $9.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.12 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.24 million.

Cedar Wealth Management has custody of $112.67 million in cash and securities for 32 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 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% 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 Cedar Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cedar Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cedar Wealth Management is high net worth individuals with 44 clients and $135.49 million of assets under management. Among the 9 most similar advisory firms, Cedar Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $143.25 million for 75 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.

Cedar Wealth Management doesn't advise any private funds.

Careers at Cedar Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Neil Jubaili	Managing member & chief compliance officer	1 Jan 2014	75% - 100%	4529109

Based in Walnut Creek

The principal office where Cedar Wealth Management, LLC performs its advisory services is located at 1990 North California Blvd, 8 Th Floor, Walnut Creek, CA 94596, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (415) 230-2757 or by fax (415) 213-2420. 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 cedarwealthmgmt.com and its LinkedIn profile.