Pacific Wealth Management is a financial advisor firm located in San Diego, California with roughly $180 million in assets under management. The firm works with individuals and high net worth individuals.
Pacific Wealth Management was founded in 1998 by Mark C. Hill and James C. Kuntz, both of whom are still with the firm today. The firm relies on its proprietary asset management strategy to help its clients reach their financial goals.
Pacific Wealth Management Background
Mark C. Hill and James C. Kuntz founded Pacific Wealth Management in 1998. Both Hill and Kuntz had entered the field as financial consultants in the early 1980s. They each wanted to create a firm that serves high net worth clients through research and a proprietary asset management model. Kuntz serves as managing director of the firm today, and Hill serves as a wealth advisor and travels across the country speaking about the financial aspects of divorce.
What Types of Clients Does Pacific Wealth Management Accept?
Pacific Wealth Management works with around 225 clients, all of them individuals or high net worth individuals.
Pacific Wealth Management Minimum Account Sizes
Pacific Wealth Management has a $50,000 account minimum for individuals seeking asset management services. The minimum is $500,000 for institutional clients, like pension plans. For individuals looking for 529 plan management, the minimum account size is $28,000. For individuals looking for stand-alone financial planning or consulting, there is no minimum account size.
Services Offered by Pacific Wealth Management
Pacific Wealth Management offers a good range of services for a firm of its size, including the following:
- Asset Management Services
- Proactive Asset Management
- Financial Planning
- Cash flow strategies
- Retirement distribution planning
- Disability and long-term-care protection
- Estate planning
- Charitable Giving
- Divorce planning
- 529 Plan Management
- Consulting Services
Pacific Wealth Management Investment Philosophy
Pacific Wealth Management works to find the asset allocation strategy that’s the best fit for each client’s risk tolerance, time horizon and financial goals. The firm uses its own proprietary asset management model, Proactive Asset Management, to help come up with these asset allocation strategies. Pacific Wealth Management also uses a number of methods when analyzing securities, including fundamental, technical, cyclical and charting analysis. When choosing securities for client accounts, the firm will also consider the client’s objectives, sensitivity to taxes and risk tolerance.
Fees Under Pacific Wealth Management
For asset management services, Pacific Wealth Management’s fees will typically adhere to the following schedule:
|Fee Schedule for Managed Accounts*|
|Assets Under Management||Fee Percentage|
|$250,000 - $499,999||1.50%|
|$500,000 - $999,999||1.30%|
|$1,000,000 - $2,999,999||1.00%|
|$3,000,000 - $4,999,999||0.90%|
|$5,000,000 - $9,999,999||0.80%|
|$10,000,000 and above||Negotiable|
For financial planning services, Pacific Wealth Management will charge either a fixed fee of between $800 and $5,000 or an hourly fee of between $60 and $400 per hour. Fees for management of 529 plan assets will be a maximum of 0.50%, based on the market value of the assets, as well as a $10 annual maintenance fee. Pacific Wealth Management doesn’t charge performance-based fees. The below table shows how Pacific Wealth Management's fees compare to the national median. Remember that these are only estimates and actual fees may vary.
|Estimated Fee Comparison*|
|Your Assets||Pacific Wealth Management||National Median Advisory Fees**|
|$1MM||$14,625||$8,500 - $10,000|
|$5MM||$52,625||$25,000 - $32,500|
|*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.|
What to Watch out For
Pacific Wealth is a licensed insurance agency in the state of California in addition to being an investment advisory firm, and the advisors are licensed insurance agents. If clients were to purchase insurance products from advisors in their capacity as insurance agents, then those advisors would receive the customary commissions from those products. This creates an incentive to recommend the purchase of insurance products regardless of the client’s best interest, and that incentive creates a potential conflict of interest. Pacific Wealth Management is bound by fiduciary duty to always act in its clients best interest.
Pacific Wealth Management doesn’t have any disclosures.
Opening an Account With Pacific Wealth Management
To start the process of working with Pacific Wealth Management, you’ll need to get in touch with the firm. The firm’s website provides a fillable form on its Contact page, so you can supply your name, email address and phone number and then ask any questions you may have.
Where Is Pacific Wealth Management Located?
Pacific Wealth Management is located on El Camino Real right off I-5 on the northern edge of San Diego, California.
Tips for Finding a Financial Advisor
- When investing, it's important to consider how much risk you’re willing to take. Your risk tolerance will play a big role in determining your asset allocation. If you're a cautious investor or you're new to investing, a conservative portfolio consisting primarily of investments like cash and bonds might be best.
- If you’re unsure where to start or you think you could benefit from further guidance, don’t hesitate to talk with a financial advisor. SmartAsset’s financial advisor matching tool makes it easy to find a nearby advisor who suits your needs. All you have to do is answer a few questions about your finanical preferences and goals, and we'll find advisors in your area who can meet your needs.