Steel Peak Wealth Management is an SEC-registered financial advisor firm headquartered in Woodland Hills, California. This fee-based firm offers clients a comprehensive range of services for managing their finances, which 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 founded Steel Peak Wealth Management in 2012 with Maziar Esmailbeigi and Ali Zamani. Together, they have shared more than 20 years of working together in the financial space. The firm's team of advisors includes accredited investment fiduciaries (AIFs), certified fund specialists (CFSs), certified financial planners (CFPs), chartered retirement planning counselors (CRPC) and certified investment management analysts (CIMA).
Steel Peak Wealth Management Client Types and Minimum Account Sizes
Steel Peak Wealth Management mostly works with individuals. A vast majority of its clients are high-net-worth individuals. However, the firm also works with pension and profit-sharing plans, charities, corporations, registered investment advisors and other business entities. The firm does not have a minimum account size.
Services Offered by Steel Peak Wealth Management
Steel Peak Wealth Management offers the following services:
- Wealth management
- SteelPeak Elite Strategies
- SteelPeak Exclusive Strategies
- SteelPeak Alternative Strategies
- Financial planning
- Retirement plan consulting
The firm offers a variety of financial planning services, including portfolio construction and money management. The firm may guide you on the following.
- Retirement planning
- Debt management
- Savings accounts
- 529 college savings plans
Steel Peak Wealth Management Investment Philosophy
Steel Peak Wealth Management runs several model portfolios within its Elite and Exclusive Strategies programs. 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 or a client's assets under management (AUM). According to forms the firm filed with the SEC, these fixed fees for financial planning or consulting 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 1.75% of AUM. It charges about 0.25% to 0.50% for private investment counseling services.
What to Watch Out For
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.
It's also important to note that Steel Peak is a fee-based firm, as several of its representatives are also licensed insurance agents who can earn commissions for recommending certain insurance products. This financial incentive creates a potential conflict of interest, because advisors may recommend products to generate commissions, not because they are what is best for their advisory clients. However, the firm and its advisors must oblige by fiduciary duty to always act in their clients' best interests.
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.
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