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Steel Peak Wealth Management

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Steel Peak Wealth Management

Steel Peak Wealth Management is an SEC-registered financial advisor firm headquartered in Woodland Hills, California. The firm employs 24 full-time advisors and has more than $1 billion in assets under management (AUM). It offers clients a comprehensive range of services around managing their finances. These touch on the areas of asset allocation for investment portfolios, tax preparation, estate planning and more.

Steel Peak Wealth Management Background

Current CEO Reza Zamani, along with two other professionals, founded Steel Peak Wealth Management in 2012. Together, they have shared more than 20 years of working together in the financial space. The firm's 24 advisors include fiduciary wealth managers, meaning they have a legal obligation to work in a client’s best interests at all times. Among their ranks, are certified financial planners (CFPs), certified financial analysts (CFAs) and a certified fund analyst (CFA). Today, the firm offers a holistic range of financial management services.   

What Types of Clients Does Steel Peak Wealth Management Accept?

Steel Peak Wealth Management mostly works with individuals. More than 1,000 of its clients are high-net-worth individuals. It also advises some pension and profit-sharing plans. 

Steel Peak Wealth Management Minimum Account Size

The firm does not have a minimum account size.

Services Offered by Steel Peak Wealth Management

Steel Peak Wealth Management offers a variety of financial planning services, including portfolio construction and money management. The firm may guide you on the following.

Steel Peak Wealth Management Investment Philosophy

Steel Peak Wealth Management runs several model portfolios. These generally invest in mutual funds, exchange-traded funds (ETFs), stocks, bonds and alternative investments. It builds asset allocations based on its own proprietary models. In addition, the firm may deploy independent managers to handle portions of some client assets. The firm may also recommend investing in privately collective investment vehicles, including hedge funds and other securities available to accredited investors.

Fees Under Steel Peak Wealth Management

Depending on the services offered, Steel Peak Wealth Management charges fees on a fixed basis and oftentimes based on AUM. According to forms the firm filed with the SEC, these fixed fees may range from $500 to $5,000. However, these are negotiable.

Typically, the firm would require the first half of fees for financial planning before services commence.

For investment services, fees generally stretch from 0.75% to 1.95% of assets under management (AUM). It charges about 0.25% to 0.50% for private investment counseling services.

What to Watch Out For

Steel Peak Wealth Management generally conducts services on a fee-only basis. However, some of its advisors are "supervised persons" registered with PKS, a broker-dealer. These individuals collect commissions. Therefore, they may have incentive to recommend certain investments over others based on potential compensation.

Disclosures

Steel Peak Wealth Management has not reported any disciplinary actions against the firm, according to its latest Form ADV. These are filings that firms must fill out with the SEC to maintain their status.

Opening an Account with Steel Peak Wealth Management

The best way to open an account with Steel Peak Wealth Management is by walking into its offices in Woodland Hills, California. You can also call the firm at (818) 835-8720.

Where Is Steel Peak Wealth Management?

Steel Peak Wealth Management is based in Woodland Hills, California at 21650 Oxnard Street, Suite 2300.

Tips for Finding a Financial Advisor

  • One of the best financial decisions you can make is working with a financial advisor. But not all are held to the same standards. Fiduciaries, for example, are obligated by law to serve your best interests at all times. If you’re interested in working with such an advisor, you can use our SmartAsset financial advisor matching tool. It connects you with up to three financial advisors in your area. It also gives you acess to their profiles. So you can review their credentials before you decide to work with one.
  • Once you’re ready to meet an advisor, there a few points to keep in mind. To simplify the process, we devised a report on the top five questions to ask when choosing a financial advisor

How Many Years $1 Million 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 cost of living in retirement there.

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

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. 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.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

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