Ma Private Wealth, LLC (San Carlos)

Name: Ma Private Wealth, LLC
Address: 1355 A San Carlos Avenue, San Carlos, CA, 94070
Telephone: (650) 232-2021

Ma Private Wealth, LLC is a large advisory firm based in San Carlos. It manages $413.21 million of regulatory assets for 1,194 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Florida, and 3 other states.

Ma Private Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ma Private Wealth: assets under management

The assets under management (AUM) of Ma Private Wealth, LLC is $413.21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 12% since the beginning of its operation, and $2.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $413.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $346.07 thousand each.

Ma Private Wealth has custody of $66.9 million in cash and securities for 132 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is investment and business development companies, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ma Private Wealth, LLC for their services and products based on a percentage of assets under management 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 Ma Private Wealth serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ma Private Wealth is high net worth individuals with 165 clients and $313.54 million of assets under management. Among the 11 most similar advisory firms, Ma Private Wealth has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $413.21 million for 442 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.

Ma Private Wealth doesn't advise any private funds.

Careers at Ma Private Wealth, LLC

The company employs 7 people that are either part- or full-time employees. 57 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
Martin Scott Miller	Chief compliance officer and managing member	1 Jan 2018	75% - 100%	2194277

Based in San Carlos

The principal office where Ma Private Wealth, LLC performs its advisory services is located at 1355 A San Carlos Avenue, San Carlos, CA 94070, which is also the mailing address of the firm. An additional office of the firm is in Campbell, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (650) 232-2021. The normal business hours are 9:00am - 6:00pm on Monday - Friday. You can find more information about the New York firm at maprivatewealth.com.