Angeles Wealth Management: Platform Profile

Overview

Angeles Wealth Management is an SEC-registered adviser serving wealthy individuals, families, charitable organizations and corporations.

Current regulatory identity:

• Investment adviser: Angeles Wealth Management, LLC
• CRD: 159952
• SEC number: 801-72992
• Current ADV filing: 2026-03-31

Current 2026 disclosure states:

• General account minimum: $5,000,000
• Minimum negotiable: Yes
• Family assets aggregated for minimum: Yes
• Advisory fee range: 0.50%-1.00%
• Minimum fee: $50,000
• Billing frequency: quarterly
• Billing timing: in advance

May fit better for

• households with approximately $5 million or more of investable assets;
• multigenerational families seeking discretionary portfolio management;
• clients wanting access to institutional manager research and alternatives;
• households comfortable with third-party manager and private-fund costs;
• investors needing integrated wealth and philanthropy planning;
• clients evaluating a separate affiliated family-office relationship.

May fit less well for

• smaller portfolios;
• investors seeking a low-cost algorithm-only robo account;
• active traders who want direct transaction control;
• clients who want no affiliated-fund conflicts;
• investors who require daily liquidity in every holding;
• users who assume the 0.50% endpoint applies to the entire portfolio at $5 million.

Angeles Wealth Management, LLC is the active adviser

Current identity:

• Investment adviser: Angeles Wealth Management, LLC
• CRD: 159952
• SEC number: 801-72992

Angeles Investment Advisors, LLC is a related investment adviser.

Angeles Family Office, LLC is another related adviser.

The general account minimum is $5 million and negotiable

Current 2026 brochure:

• General account minimum: $5,000,000
• Minimum negotiable: Yes
• Family asset aggregation: Yes

The same disclosure states the minimum would generally create:

• Minimum fee: $50,000

It is the fee implication of the current ordinary minimum/reference and fee structure.

Asset-based fees generally range from 0.50% to 1.00%

Current disclosure:

• Advisory fee range: 0.50%-1.00%
• Tiered pricing: Yes

Fees and minimums can be negotiated.

The signed arrangement controls the actual tiered economics.

Billing is generally quarterly in advance

Current brochure:

• Billing frequency: quarterly
• Billing timing: in advance
• Valuation: fair market appraisal as of beginning of quarter

The client also typically receives statements from the custodian.

Affiliated AIA funds can add performance fees

Current Angeles disclosures state that certain Angeles Investment Advisors private funds charge performance-based compensation.

For Angeles Wealth clients invested in applicable AIA funds:

• Affiliated private fund performance fee possible: Yes
• Fund assets excluded from AWM management fee when applicable: Yes
• AWM shares in AIA performance fee: Yes
• Wealth adviser carried interest participation possible: Yes

This is one of the review's most important conflicts.

A wealth adviser can have an economic incentive to recommend an affiliated fund.

Private-fund expenses remain additional

Applicable investments can impose separate:

• management fees;
• administrative expenses;
• legal expenses;
• audit expenses;
• sub-fund expenses;
• performance allocations.

Angeles Family Office is a separate affiliate

In January 2026, Angeles Wealth Management announced its acquisition of XO Capital and the launch of:

• Family office affiliate: Angeles Family Office, LLC

The family-office affiliate provides services that can include:

• business management;
• investment management;
• estate coordination;
• bill payment;
• cash-flow management;
• reporting;
• philanthropy support.

Custody is third party

Current regulatory-derived sources identify Charles Schwab as an important custody relationship.

Current scale is a dated fact

Current 2026 regulatory-derived data show approximately:

• Firm assets: $2.8B
• Firm assets as of: 2025-12-31 / 2026 filing

Use the number only with its date/definition.

It is not a real-time balance.

Assessment

Angeles's current review is relatively clear on ordinary access and less simple on total economics.

The core ordinary relationship is:

$5 million general minimum, negotiable + tiered 0.50%-1.00% asset-based fees + roughly $50,000 minimum-fee implication.

The harder part is affiliated private investing.

Certain Angeles Wealth clients can invest in affiliated AIA funds that charge performance-based fees, while Angeles Wealth and individual advisers can share in carried interest.

That makes the review materially stronger when it separates:

• ordinary AWM advisory fee;
• fund-level costs;
• performance compensation;
• affiliate conflicts;
• family-office services.