Steel Peak Wealth Management is an SEC-registered financial advisor firm headquartered in Woodland Hills, California. The firm employs 14 full-time advisors and has about $684 million 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.
- Retirement planning
- Debt management
- Savings accounts
- 529 college savings plans
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.
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
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