Axxcess Wealth Management, LLC (Carlsbad)

Name: Axxcess Wealth Management, LLC
Address: 6005 Hidden Valley Road, Carlsbad, CA, 92011
Telephone: 858-217-5347

Axxcess Wealth Management, LLC is a large advisory firm based in Carlsbad. It manages $777.74 million of regulatory assets for 1,754 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Axxcess Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Axxcess Wealth Management: assets under management

The assets under management (AUM) of Axxcess Wealth Management, LLC is $777.74 million. The firm's AUM has grown by 403% since the beginning of its operation, and $350 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $722.32 million in discretionary accounts and $55.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $438.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $517.96 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is state and local bonds, which make up 35% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Axxcess Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Axxcess Wealth Management serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Axxcess Wealth Management is high net worth individuals with 164 clients and $560.61 million of assets under management. Among the 8 most similar advisory firms, Axxcess Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $777.74 million for 826 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Axxcess Wealth Management doesn't advise any private funds.

Careers at Axxcess Wealth Management, LLC

The company employs 15 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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
Michael Loren Seid	Managing member and chief compliance officer	1 Jan 2012	75% - 100%	2872749

Based in Carlsbad

The principal office where Axxcess Wealth Management, LLC performs its advisory services is located at 6005 Hidden Valley Road, Carlsbad, CA 92011, which is also the mailing address of the firm. An additional office of the firm is in Las Vegas, NV. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-217-5347 or by fax 443-296-0458. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at axxcesswealth.com/.