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Compak Asset Management Review

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Compak Asset Management

Compak Asset Management

Compak Asset Management is a financial advisor firm based in Newport Beach, California. The firm ranks fifth on SmartAsset's list of the top financial advisors in Newport Beach. The firm has grown to employ 12 advisors and holds roughly $680 million in assets under management (AUM). The firm offers money management, financial planning, retirement planning, estate planning and insurance services to its clients.

Compak offers an unique service called LIVE 360 for all of its clients. LIVE 360 is available in conjunction with advisory services, and it features a four-month program that teaches activities designed to increase general happiness. In fact, clients who take advantage of LIVE 360 will be able to work with a Compak Happiness Coach as well.

Compak Asset Management Background

Compak Asset Management was established in 1993 by its founder and chief investment officer (CIO), Moeez Ansari. Ansari, in addition to his work at Compak, is a popular speaker and radio broadcaster. Since 1988, he’s hosted a radio show called "Market Wrap with Moe," which focuses on financial economic news and analysis. Ansari and the firm's other principal, Feroz Ansari, own the firm.

The advisory team at this firm includes certifications like chartered financial analyst (CFA), certified financial planner (CFP), chartered retirement planning counselor (CRPC), chartered life underwriter (CLU) and more.

Compak Asset Management Client Types and Minimum Account Sizes

Compak Asset Management works with almost 1,000 clients, including non-high-net-worth individuals, high-net-worth individuals and businesses. Non-high-net-worth individual investors make up by far the largest share of the firm's client base, as it currently works with over 700 such clients.

The firm generally requires clients to have at least $150,000 in investable assets. However, the firm can accept smaller accounts at its discretion.

Services Offered by Compak Asset Management

Compak Asset Management offers a standard range of services to its clients, including the following:

  • Money management
    • Strategic asset allocation
    • Portfolio construction
  • Financial planning
    • Retirement planning
    • Estate planning
    • Risk management and insurance
    • Social Security maximization

Compak Asset Management Investment Philosophy

Compak Asset Management highly prioritizes proper asset allocation as part of its investment philosophy. It believes that spreading investments strategically across several asset classes is key to optimizing returns. The firm factors in your risk tolerance, time horizon and goals, then draws on market-timing strategies as well as fundamental and technical analysis in order to come up with the allocation and investment strategy most suitable for you. Compak also draws on third-party research when conducting its analyses.

With fundamental analysis, the firm examines publicly available financial statements and reports in order to seek out securities it feels are selling for less than their true value. With technical analysis, the firm uses historical data and several market indicators to forecast the direction of securities and other investments.

Fees Under Compak Asset Management

If you work with Compak Asset Management, you’ll be charged a fee based on a percentage of your assets under management. You’ll pay these fees quarterly and in advance. First, you’ll have to pay an account maintenance fee of $45 every quarter. You’ll also have to pay an account management fee, and the specific amount will adhere to the following schedule:

Compak Asset Management Fees
AUM Fee Rate
First $500K 0.50%
Next $500K 0.375%
Next $1.5MM 0.25%
Next $2.5MM 0.1875%
Above $5MM 0.15%

The below table shows how Compak Asset Management’s fee rates translate to actual dollar amounts. For reference, a 2018 study by RIA in a Box found the average annual advisory fee to be 0.95% of AUM.

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Compak Asset Management*
Your Assets Compak Asset Management Fee Amount
$500K $2,500
$1MM $4,375
$5MM $12,812
$10MM $20,312

What to Watch Out For

Compak Asset Management does not have any legal or regulatory disclosures listed on its SEC-filed Form ADV.

Certain members of Compak Asset Management's advisory team can receive commissions from the sale of insurance products or securities. While the receipt of these commissions could create a potential conflict of interest, the firm's fiduciary duty legally requires it to act in clients' best interests.

Opening an Account With Compak Asset Management

If you’d like to work with Compak Asset Management, there are a few ways to get in touch with the firm. If you’re a digitally minded person, you can head online to its website and fill out the contact form by clicking on the "Contact Us" tab. You’ll be asked to provide your name, contact info and reason for reaching out, and someone from the firm will get in touch you. You can also reach the firm by phone at (800) 388-9700.

Compak Asset Management has two offices: one in Newport Beach, California, and one in Scottsdale, Arizona. Its headquarters in Newport Beach is on Dove Street between Westerly Place and Birch Street.

All information is accurate as of the writing of this article.

Tips for Finding a Financial Advisor

  • Using SmartAsset’s free financial advisor matching tool can be a great way to simplify the process of finding a financial advisor. In fact, it will connect you with up to three financial advisors in your area. Based these options, you'll get to select which advisor you think is best for you. Get started now.
  • If you are wondering whether you’re on the right pace to maintain your lifestyle after you’re done working, our retirement calculator can help. Just enter your information and find out how much you need to save to live the life you want in retirement.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research