Calcagnini Wealth Management, LLC (Beverly Hills)

Calcagnini Wealth Management, LLC is an adviser based in Beverly Hills. It manages $38.9 million of regulatory assets for 125 client accounts. It has been registered with the SEC as an adviser since 2018.

Calcagnini Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Calcagnini Wealth Management: assets under management

The assets under management (AUM) of Calcagnini Wealth Management, LLC is $38.9 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $31.99 million in discretionary accounts and $6.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $310.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $313.91 thousand.

Calcagnini Wealth Management has custody of $38.9 million in cash and securities for 46 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Calcagnini Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Calcagnini Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Calcagnini Wealth Management is high net worth individuals with 30 clients and $36.83 million of assets under management. Among the 4 most similar advisory firms, Calcagnini Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $38.9 million for 46 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Calcagnini Wealth Management doesn't advise any private funds.

Careers at Calcagnini Wealth Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Joseph Calcagnini	Manager and cco	1 Mar 2017	75% - 100%	2601400

Based in Beverly Hills

The principal office where Calcagnini Wealth Management, LLC performs its advisory services is located at 454 North Oakhurst Dr., Beverly Hills, CA 90210 The mailing address of the firm is P.O. Box 69367, West Hollywood, CA 90048. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-622-1287 or by fax 323-329-5059. The normal business hours are 8:30am - 4:30pm on Monday - Friday.