Mason & Associates, Inc. (Los Angeles)

Name: Mason & Associates, Inc.
Address: 7474 North Figueroa Street, Los Angeles, CA, 90041
Telephone: 323-254-3072

Mason & Associates, Inc. is a large advisory firm based in Los Angeles. It manages $315.78 million of regulatory assets for 1,226 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Mason & Associates provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mason & Associates: assets under management

The assets under management (AUM) of Mason & Associates, Inc. is $315.78 million. The firm's AUM has grown by 134% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $288.56 million in discretionary accounts and $27.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $238.87 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.51 million.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mason & Associates, Inc. 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 Charles William Mason 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 Charles William Mason is high net worth individuals with 101 clients and $189.43 million of assets under management. Among the 10 most similar advisory firms, Mason & Associates has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $315.78 million for 424 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.

Mason & Associates doesn't advise any private funds.

Careers at Mason & Associates, Inc.

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Charles William Mason has been acting as President since 1 Aug 2006. Elgonde Magdalena Scheffy joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles William Mason	President	1 Aug 2006	75% - 100%	322180
Brent Markey Mason	Vice president	1 Aug 2006	Other	4046662
Sun Mi Kim	Operations manager	1 Aug 2006	Other	2873133
Elgonde Magdalena Scheffy	Chief compliance officer	1 Jan 2007	Other	1009038
Naomi Anne Nagy	Operations and compliance manager	1 Nov 2011	Other	1034083
Naomi Anne Nagy	Chief compliance officer	1 Jan 2013	Other	1034083
Inc. Mason & Associates	Corporation	1 Jan 2014	75% - 100%	95-3662648
Inc. Charles W. Mason & Associates	Corporation	1 Jan 2014	75% - 100%	95-3662648
Elgonde Magdalena Scheffy	Cco	1 Apr 2016	Other	1009038

Based in Los Angeles

The principal office where Mason & Associates, Inc. performs its advisory services is located at 7474 North Figueroa Street, Los Angeles, CA 90041, 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 323-254-3072 or by fax 323-254-3198. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at cwmason.com/.