Private Wealth Solutions provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Private Wealth Solutions reports 275 clients. They include 160 individual clients and 115 high-net-worth individuals. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $500M across 700 accounts are not. Of its clients, 5% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 58% | 14% |
| High-net-worth individuals | 42% | 86% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 160 | $70M | 14.0% | $438K |
| High-net-worth individuals | 115 | $430M | 86.0% | $3.74M |
| Total | 275 | $500M | 100% | $1.82M |
- Clients
- 160
- Regulatory AUM
- $70M
- AUM share
- 14.0%
- Avg. per client
- $438K
- Clients
- 115
- Regulatory AUM
- $430M
- AUM share
- 86.0%
- Avg. per client
- $3.74M
Total
- Clients
- 275
- Regulatory AUM
- $500M
- AUM share
- 100%
- Avg. per client
- $1.82M
- Clients outside the U.S.
- 5%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Private Wealth Solutions charges up to 1.50% a year for its Asset Management. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning & Consulting
- Financial planning and consulting are billed hourly, up to $500 an hour, or as a flat fee not exceeding $5,000.
- Retirement Plan Consulting
- Fees based on a percentage of managed plan assets will not exceed 1.00%.
Douglas Lagerstrom owns 50% to 75% of Private Wealth Solutions. The leadership team of Private Wealth Solutions includes Chief Compliance Officer Douglas Lagerstrom. It has 5 employees, 2 of them in advisory roles.
Staff
- 5 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 broker-dealer reps
- 4 insurance agents
- Owns 50% to 75% of Private Wealth Solutions, LLC
Douglas Lagerstrom
Control person · since September 2017
- Owns 25% to 50% of Private Wealth Solutions, LLC
Allen Minassian
Control person · since September 2017
Private Wealth Solutions’ regulatory assets grew 2.1× from $235M (February 2021) to $500M (February 2026); clients fell from 372 to 275 and employees rose from 3 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $500M | 275 | 5 | 1 |
| Mar 2025March 2025 | $403M | 282 | 4 | 1 |
| Jun 2024June 2024 | $359M | 267 | 2 | 1 |
| Mar 2023March 2023 | $295M | 281 | 3 | 1 |
| Feb 2022February 2022 | $346M | 280 | 4 | 1 |
| Feb 2021February 2021 | $235M | 372 | 3 | 1 |
Besides its headquarters, Private Wealth Solutions has 0 offices, with 1 listed address in 1 state.
California · 1 listed address
- 26050 Mureau Road, Suite 103, CalabasasHQ
Other business names
Private Wealth Solutions has reported 1 other business name to the SEC.
- Private Wealth Solutions, LLC
Contact and registration details
- Legal name
- Private Wealth Solutions, LLC
- Headquarters
- 26050 Mureau Road, Suite 103, Calabasas, CA 91302
- Website
- privatewealthsolutions.com
- Phone
- 818-264-0600
- SEC file
- 801-111072
- Founded
- 2013
- Structure
- California LLC
- Fiscal year end
- December
Private Wealth Solutions’ named custodian for separately managed accounts is Charles Schwab ($266M). Private Wealth Solutions has custody of $158M for 116 clients.
- Charles SchwabCharles Schwab & Co · Omaha, NE · $266M100%
At year end, Private Wealth Solutions’ separately managed accounts were mostly in funds (78%) and stocks (13%).
What the accounts hold
- Stocks13%
- Funds78%
- Bonds6%
- U.S. government and agency bonds5%
- State and local bonds1%
- Cash3%
How many clients does Private Wealth Solutions have?
Private Wealth Solutions has 275 clients and manages $500 million for them, as of February 2026. They include 160 individual clients and 115 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 February 2026
What services does Private Wealth Solutions offer?
Private Wealth Solutions provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, 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 Private Wealth Solutions charge?
Private Wealth Solutions charges up to 1.50% a year for its Asset Management. The fee is billed in advance and is negotiable.
Source: FORM ADV PART 2A - FIRM BROCHURE, filed 17 February 2026
Which custodians does Private Wealth Solutions use?
Private Wealth Solutions’ separately managed account assets are held at Charles Schwab & Co (Omaha, NE), with $266M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 February 2026
How many financial advisors does Private Wealth Solutions have?
Private Wealth Solutions has 2 investment adviser representatives registered with state securities authorities, out of 5 employees, and 2 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 4 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 Private Wealth Solutions invest in?
At the end of its last fiscal year, Private Wealth Solutions’ separately managed accounts held 78% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 5% U.S. government and agency bonds, 3% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Private Wealth Solutions?
Private Wealth Solutions’ direct owners are Douglas Lagerstrom (50% to 75%) and Allen Minassian (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 February 2026
How does Private Wealth Solutions get paid?
Private Wealth Solutions 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 Private Wealth Solutions?
Private Wealth Solutions’ main office is at 26050 Mureau Road, Suite 103, Calabasas, CA 91302. Its phone number is 818-264-0600. Its website is privatewealthsolutions.com.