Concentrum Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Concentrum Wealth Management reports 420 clients. They include 202 individual clients, 179 high-net-worth individuals, and 28 pension and profit-sharing plans. Of its assets, 99.6% ($983M across 1,543 accounts) are managed with discretion; $3.99M across 3 accounts are not. A wrap fee program the firm both sponsors and manages holds $806M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 48% | 7% |
| High-net-worth individuals | 43% | 82% |
| Pension and profit-sharing plans | 7% | 7% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 202 | $73.3M | 7.4% | $363K |
| High-net-worth individuals | 179 | $812M | 82.3% | $4.54M |
| Pension and profit-sharing plans | 28 | $71.6M | 7.3% | $2.56M |
| Charitable organizations | Fewer than 5 | $617K | 0.1% | $308K |
| Corporations and other businesses | 9 | $29.1M | 3.0% | $3.24M |
| Total | 420 | $987M | 100% | — |
- Clients
- 202
- Regulatory AUM
- $73.3M
- AUM share
- 7.4%
- Avg. per client
- $363K
- Clients
- 179
- Regulatory AUM
- $812M
- AUM share
- 82.3%
- Avg. per client
- $4.54M
- Clients
- 28
- Regulatory AUM
- $71.6M
- AUM share
- 7.3%
- Avg. per client
- $2.56M
- Clients
- Fewer than 5
- Regulatory AUM
- $617K
- AUM share
- 0.1%
- Avg. per client
- $308K
- Clients
- 9
- Regulatory AUM
- $29.1M
- AUM share
- 3.0%
- Avg. per client
- $3.24M
Total
- Clients
- 420
- Regulatory AUM
- $987M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Concentrum Wealth Management charges 1.20%–1.50% a year for its Wrap Asset Management. The fee is billed in advance and is negotiable. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Billed hourly at $350 for financial advisors, $150 for para-planners and $75 for administrative time, or as a flat fee of $2,000 to $30,000; negotiated.
- Held Away Accounts Portfolio Monitoring
- Portfolio monitoring and data aggregation for assets held away from the primary custodian are charged at 1.00% of assets under management, negotiable.
- Pension Consulting
- Charged as a flat fee of up to $30,000 or as a percentage of assets under management not exceeding 1.00% annually, negotiated case by case.
Jeffery Fong owns 50% to 75% of Concentrum Wealth Management. The leadership team of Concentrum Wealth Management includes Chief Compliance Officer Jonathan Kasting. It has 7 employees, 5 of them in advisory roles.
Leadership
- Jonathan KastingChief Compliance Officer
Jeffery FongManaging Member
Jay FongManaging Member
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 5 in advisory functions
- 5 state-registered reps
- 2 broker-dealer reps
- 2 insurance agents
- Owns 50% to 75% of Concentrum Wealth Management, Inc.
Jeffery Fong
Control person · since April 2013
- Owns 50% to 75% of Concentrum Wealth Management, Inc.
Jay Fong
Control person · since April 2013
Concentrum Wealth Management’s regulatory assets grew 3.5× from $280M (April 2021) to $987M (March 2026); clients rose from 227 to 420 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $987M | 420 | 7 | 3 |
| March 2025 | $809M | 380 | 7 | 2 |
| April 2024 | $624M | 309 | 7 | 2 |
| April 2023 | $413M | 280 | 7 | 2 |
| March 2022 | $357M | 249 | 8 | 1 |
| April 2021 | $280M | 227 | 7 | 1 |
Besides its headquarters, Concentrum Wealth Management has 2 offices (1 private residence, listed without an address), with 2 listed addresses in California.
California · 2 listed addresses
- 353 Piercy Road, San JoseHQ
- 353 Piercy Road, San Jose
Contact and registration details
- Legal name
- Concentrum Wealth Management, Inc.
- Headquarters
- 353 Piercy Road, San Jose, CA 95138
- Website
- concentrumwealth.com
- Phone
- 408-840-4030
- @concentrum-wealth-management
- SEC file
- 801-77888
- Founded
- 2013
- Structure
- California corporation
- Fiscal year end
- December
Concentrum Wealth Management uses Charles Schwab ($648M) as custodian for its separately managed accounts. Concentrum Wealth Management has custody of $168M in client assets for 465 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $648M100%
At year end, Concentrum Wealth Management’s separately managed accounts were largely in stocks (48%) and funds (41%). Its reported 13F holdings for the quarter ended 30 June 2026 total $418M across 127 positions; the largest are Meta Platforms Inc. CL A (15.5%), Nvidia Corp. (14.5%) and Apple Inc. (8.0%).
What the accounts hold
- Stocks48%
- Exchange-traded equities39%
- Non-exchange-traded equities9%
- Funds41%
- Registered funds36%
- Pooled vehicles5%
- Bonds6%
- U.S. government and agency bonds4%
- State and local bonds1%
- High-yield corporate bonds1%
- Cash5%
Reported 13F holdings
- $418M
- Reported 13F value
- 127
- Positions
- 62.4%
- In the 10 largest
- +23.4%
- Value vs. prior quarter
- Meta Platforms Inc. CL A15.5%
- Nvidia Corp.14.5%
- Apple Inc.8.0%
- Advanced Micro Devices Inc.5.9%
- Vaneck Semiconductor ETFETF4.4%
- First TR Exchange Traded FD VI Dorsey Wright Focus 5 ETFETF3.2%
- Powershares Qqq TRETF2.9%
- Micron Technology2.8%
- First Trust Value Line Dividend Index FundETF2.6%
- First TR Exchange Traded FD DB Strategic Value Index FDETF2.6%
Together, the ten largest are 62.4% of reported value.
How many clients does Concentrum Wealth Management have?
Concentrum Wealth Management has 420 clients and manages $987 million for them, as of March 2026. They include 202 individual clients, 179 high-net-worth individuals, and 28 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Concentrum Wealth Management offer?
Concentrum Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Concentrum Wealth Management charge?
Concentrum Wealth Management charges 1.20%–1.50% a year for its Wrap Asset Management. The fee is billed in advance and is negotiable.
Source: CWM - ADV PART 2A, APP 1 - WRAP BROCHURE, filed 24 March 2026
Which custodians does Concentrum Wealth Management use?
Concentrum Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $648M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Concentrum Wealth Management have?
Concentrum Wealth Management has 5 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 perform investment advisory functions. 2 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
What does Concentrum Wealth Management invest in?
At the end of its last fiscal year, Concentrum Wealth Management’s separately managed accounts held 39% exchange-traded equities, 36% registered funds (mutual funds, ETFs, BDCs), 9% non-exchange-traded equities, 5% pooled vehicles (private funds and similar), 5% cash and equivalents, 4% U.S. government and agency bonds, 1% state and local bonds and 1% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Concentrum Wealth Management?
Concentrum Wealth Management’s direct owners are Jeffery Fong (50% to 75%) and Jay Fong (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Concentrum Wealth Management get paid?
Concentrum Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees. 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
How do I contact Concentrum Wealth Management?
Concentrum Wealth Management’s main office is at 353 Piercy Road, San Jose, CA 95138. Its phone number is 408-840-4030. Its website is concentrumwealth.com.