Omega Financial Group, LLC (Santa Barbara)

Name: Omega Financial Group, LLC
Address: 812 Anacapa Street, Santa Barbara, CA, 93101
Telephone: 805-617-4363

Omega Financial Group, LLC is a large advisory firm based in Santa Barbara. It manages $210.35 million of regulatory assets for 726 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Oregon, Texas, and Washington.

Omega Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Omega Financial Group: assets under management

The assets under management (AUM) of Omega Financial Group, LLC is $210.35 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 224% since the beginning of its operation, and $2.6 million of the total AUM is attributable to clients outside of the United States.

The firm manages $210.35 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $289.74 thousand each.

Omega Financial Group has custody of $40.22 million in cash and securities for 90 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Omega Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Omega Financial Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Omega Financial Group is high net worth individuals with 81 clients and $146.59 million of assets under management. Among the 12 most similar advisory firms, Omega Financial Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $210.35 million for 252 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.

Omega Financial Group doesn't advise any private funds.

Careers at Omega Financial Group, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives 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
Dylan Blu Minor	Managing member, chief investment offier	1 Apr 2012	75% - 100%	2245009
Bryan William Reinhard	Managing member, chief compliance officer	1 Apr 2012	Other	3257820
Dylan Blu Minor	Managing member, chief investment offier	1 Jun 2012	75% - 100%	2245009
Bryan William Reinhard	Managing member, chief compliance officer	1 Jun 2012	Other	3257820

Based in Santa Barbara

The principal office where Omega Financial Group, LLC performs its advisory services is located at 812 Anacapa Street, Santa Barbara, CA 93101, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 805-617-4363 or by fax 805-560-9030. The normal business hours are 8am - 4pm on Monday - Friday. You can find more information about the New York firm at omegafingroup.com/.