Financial Planning & Consulting Services, Inc (Yorba Linda)

Financial Planning & Consulting Services, Inc is a large advisory firm based in Yorba Linda. It manages $157.12 million of regulatory assets for 238 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of California.

Financial Planning & Consulting Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as enrolled agent.

Financial Planning & Consulting Services: assets under management

The assets under management (AUM) of Financial Planning & Consulting Services, Inc is $157.12 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 516% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $157.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $660.17 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 21% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 20% of the firm’s portfolio. Investments in investment grade corporate bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Planning & Consulting Services, Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Financial Planning & Consulting Services serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Financial Planning & Consulting Services is corporations or other businesses with 1 clients and $50.54 million of assets under management. Among the 10 most similar advisory firms, Financial Planning & Consulting Services has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $157.12 million for 73 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.

Financial Planning & Consulting Services doesn't advise any private funds.

Careers at Financial Planning & Consulting Services, Inc

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
Jack Patrona	President & chief compliance officer	1 Jan 1992	75% - 100%	1206513
Kathleen V Patrona	Office manager	1 Jun 1992	Other	xxx-xx-xxxx

Based in Yorba Linda

The principal office where Financial Planning & Consulting Services, Inc performs its advisory services is located at 4711 Avenida De Los Suenos, Yorba Linda, CA 92886 3108, 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 7149702511 or by fax 714-970-7492. The normal business hours are 8 - 5 pm on Monday - Friday.