{"url":"https://nivawealth.com/firms/calabasas-advisory-group-288224","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/288224","regulatoryAum":249526000,"crd":"288224","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2318394","suffix":null,"lastName":"LEACH","firstName":"JOHN","middleName":"JOSEPH"},{"crd":"2901578","suffix":null,"lastName":"SEMELENG","firstName":"JASON","middleName":"NILS"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-02-03","regulatoryAum":178465000,"clients":427,"employees":2,"offices":1},{"filedOn":"2022-02-14","regulatoryAum":201146000,"clients":514,"employees":2,"offices":1},{"filedOn":"2023-01-26","regulatoryAum":185393000,"clients":441,"employees":2,"offices":1},{"filedOn":"2024-01-10","regulatoryAum":222008000,"clients":504,"employees":2,"offices":1},{"filedOn":"2025-01-10","regulatoryAum":240549000,"clients":497,"employees":2,"offices":1},{"filedOn":"2026-02-10","regulatoryAum":249526000,"clients":488,"employees":2,"offices":1}],"secFileNumber":"801-110430","legalName":"Calabasas Advisory Group, LLC","displayName":"Calabasas Advisory Group","slug":"calabasas-advisory-group-288224","website":"https://jlwealthmanagement.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"32107 Lindero Canyon RD., Suite 133","city":"Westlake Village","state":"CA","stateName":"California","country":"United States","postalCode":"91361"},"tradeNames":["JL Wealth Management","Semeleng Financial Services"],"registration":{"secApproved":"1 May 2017","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":511323.7704918033,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":249526000,"discretionary":249526000,"discretionaryAccounts":1104,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":334,"regulatoryAum":172172940},{"label":"High-net-worth individuals","clients":154,"regulatoryAum":77353060}],"feePrograms":[{"role":"main","program":"Comprehensive Portfolio Management","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007807","versionId":1007807,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-02-10","documentName":"ADV PART 2A - FIRM BROCHURE - SFS","fee_rate_low":null,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:45:24.65717+00:00","documents":[{"name":"ADV PART 2A - FIRM BROCHURE - SFS","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007807","versionId":1007807,"submittedOn":"2026-02-10"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007808","versionId":1007808,"submittedOn":null}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":249526000}],"custodyNote":"Calabasas Advisory Group has custody of $31.3M in client assets for 110 clients.","otherCustodians":[],"leadership":[{"name":"Jason Semeleng","title":"Managing Member & Chief Compliance Officer","crd":"2901578"},{"name":"John Leach","title":"Managing Member","crd":"2318394"}],"ownership":[{"label":"Jason Semeleng","detail":"Managing member & chief compliance officer in the 50% to 75% ownership band and a control person, since May 2017."},{"label":"John Leach","detail":"Managing member in the 50% to 75% ownership band and a control person, since May 2017."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"32107 Lindero Canyon RD., Suite 133","city":"Westlake Village","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"818-351-5124","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":80},{"label":"Cash and cash equivalents","percent":15}],"privateFunds":0},"sources":{"adv1FilingDate":"10 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/288224/PDF/288224.pdf","brochureDate":"10 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007807","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Calabasas Advisory Group have?","answer":"Calabasas Advisory Group has 488 clients and manages $250 million for them, as of February 2026. They include 334 individual clients and 154 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 10 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Calabasas Advisory Group offer?","answer":"Calabasas Advisory Group provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Calabasas Advisory Group charge?","answer":"Calabasas Advisory Group charges up to 1.25% a year for its Comprehensive Portfolio Management. The fee is billed in arrears and is negotiable.","source":"ADV PART 2A - FIRM BROCHURE - SFS, filed 10 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Calabasas Advisory Group use?","answer":"Calabasas Advisory Group’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $250M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Calabasas Advisory Group have?","answer":"Calabasas Advisory Group has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Calabasas Advisory Group invest in?","answer":"At the end of its last fiscal year, Calabasas Advisory Group’s separately managed accounts held 80% registered funds (mutual funds, ETFs, BDCs), 15% cash and equivalents and 5% exchange-traded equities.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Calabasas Advisory Group?","answer":"Calabasas Advisory Group’s direct owners are Jason Semeleng (50% to 75%) and John Leach (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 10 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Calabasas Advisory Group get paid?","answer":"Calabasas Advisory Group is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Calabasas Advisory Group?","answer":"Calabasas Advisory Group’s main office is at 32107 Lindero Canyon RD., Suite 133, Westlake Village, CA 91361. Its phone number is 818-351-5124. Its website is jlwealthmanagement.com.","source":"Form ADV Part 1A, Item 1.F, filed 10 February 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}