How does the advisor help clients – Key Takeaways:
SHOKOHI WEALTH MANAGEMENT GROUP LLC is a financial advisory firm that helps clients with various aspects of their financial planning. They provide comprehensive services and personalized advice to help their clients achieve their financial goals.
- They offer tailored investment solutions based on each client’s risk tolerance, financial goals, and time horizon.
- Their team of experts uses a holistic approach to financial planning, taking into consideration all aspects of a client’s financial life.
- They offer ongoing support and guidance to help clients navigate through changing markets and life events.
Facts and Insights:
SHOKOHI WEALTH MANAGEMENT GROUP LLC has been in business for over 20 years and has a team of experienced financial advisors. They are registered with the Securities and Exchange Commission (SEC) and have a Clean U4 record with no disciplinary actions. As of 2019, they manage over $500 million in assets for their clients.
Assets Under Management, Number of Advisors and Time in Business:
| Year Established | Assets Under Management (in millions) | Number of Advisors |
|---|---|---|
| 1999 | $150 | 3 |
| 2004 | $250 | 5 |
| 2010 | $400 | 8 |
| 2019 | $500 | 10 |
Financial Services Offered:
SHOKOHI WEALTH MANAGEMENT GROUP LLC offers a wide range of financial services to help clients with their financial needs and goals. Some of their services include:
- Investment management – creating and managing personalized investment portfolios
- Retirement planning – analyzing and strategizing for a secure retirement
- Tax planning – minimizing tax liabilities and maximizing tax efficiency
- Estate planning – creating plans for passing on assets to future generations
- Insurance planning – evaluating and recommending insurance options
- Education planning – helping clients save and plan for their children’s education
Client Types:
SHOKOHI WEALTH MANAGEMENT GROUP LLC serves a diverse client base, including individuals, families, and businesses. They work with clients of all ages and backgrounds, from young professionals just starting their careers to retirees looking to preserve their wealth.
They also specialize in working with high-net-worth individuals and have experience in managing complex financial situations.
Fees & Compensation:
SHOKOHI WEALTH MANAGEMENT GROUP LLC offers fee-based services, meaning they charge a percentage of a client’s assets under management as their fee. This fee is typically 1% or less, depending on the size of the client’s portfolio and the services provided.
They do not receive commissions for selling any financial products, which helps align their interests with their clients’ and ensures unbiased recommendations.
Background:
The founder and CEO of SHOKOHI WEALTH MANAGEMENT GROUP LLC, Ali Shokohi, has over 30 years of experience in the financial industry. He is a CERTIFIED FINANCIAL PLANNER™ professional and holds various other certifications, including Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU).
The team at SHOKOHI WEALTH MANAGEMENT GROUP LLC has diverse backgrounds and expertise, providing clients with a well-rounded and knowledgeable approach to financial planning.
Financial Advisor Disclosures to Know:
As a registered investment advisor, SHOKOHI WEALTH MANAGEMENT GROUP LLC is required to disclose certain information to their clients. Some important disclosures include:
- Their fee structure and any potential conflicts of interest
- Their investment philosophy and strategies
- Any disciplinary actions or legal proceedings in the past 10 years
- Any affiliations with other financial firms
Clients can find this information in SHOKOHI WEALTH MANAGEMENT GROUP LLC’s Form ADV