West Coast Financial, LLC is a large advisory firm based in Santa Barbara. It manages $948.2 million of regulatory assets for 1,744 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 8 other states.
West Coast Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for approximately 600 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of West Coast Financial, LLC is $948.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 264% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay West Coast Financial, LLC for their services and products based on a percentage of assets under management 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of West Coast Financial is high net worth individuals with 256 clients and $732.45 million of assets under management. Among the 10 most similar advisory firms, West Coast Financial has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $948.2 million for 566 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.
West Coast Financial also advises several private funds. Namely, one real estate fund. The minimum investment commitment required of non-related persons is $50,000 for each fund.
The company employs 32 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 22 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.
The principal office where West Coast Financial, LLC performs its advisory services is located at 1525 State Street, Santa Barbara, CA 93101, which is also the mailing address of the firm. An additional office of the firm is in Avila Beach, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 805-962-9131 or by fax 805-962-4290. The normal business hours are m - th 8:30 am - 5:00 pm, f 8:30 am - 3 pm on Monday - Friday. You can find more information about the New York firm at wcfinc.com.