Unionbanc Investment Services, LLC (Glendale)

Unionbanc Investment Services provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Unionbanc Investment Services: assets under management

The assets under management (AUM) of Unionbanc Investment Services, LLC is $1.29 billion. The firm's AUM has grown by 3337% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.14 billion in discretionary accounts and $150.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $263.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $449.04 thousand.

Unionbanc Investment Services has custody of $1.29 billion in cash and securities for 3,896 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Unionbanc Investment Services, LLC for their services and products based on a percentage of assets under management. 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 Dennis Jack Mooradian serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Dennis Jack Mooradian is individuals with 3,280 clients and $758.87 million of assets under management. Among the 13 most similar advisory firms, Unionbanc Investment Services has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.29 billion for 3,916 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.

Unionbanc Investment Services doesn't advise any private funds.

Careers at Unionbanc Investment Services, LLC

The company employs 581 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. 285 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Dennis Jack Mooradian has been acting as President since 1 Aug 2012. Julian Michael Jacolev joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 5 indirect owners.

Based in Glendale

The principal office where Unionbanc Investment Services, LLC performs its advisory services is located at 800 N. Brand Boulevard, Glendale, CA 91203, which is also the mailing address of the firm. An additional office of the firm is in Orange, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-634-1100 or by fax 818-459-7927. The normal business hours are 6:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at unionbank.com/invest.

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