{"url":"https://nivawealth.com/firms/private-wealth-solutions-289437","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/289437","regulatoryAum":500000000,"crd":"289437","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2177433","suffix":null,"lastName":"LAGERSTROM","firstName":"DOUGLAS","middleName":"JAMES"},{"crd":"2448470","suffix":null,"lastName":"MINASSIAN","firstName":"ALLEN","middleName":"NMN"},{"crd":"4631916","suffix":null,"lastName":"Mtunga","firstName":"Kumbirai","middleName":"Vincent"},{"crd":"6907079","suffix":null,"lastName":"PUCKETT","firstName":"ERIC","middleName":"ODELLE"}],"total":4,"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":235000000,"clients":372,"employees":3,"offices":1},{"filedOn":"2022-02-28","regulatoryAum":345580884,"clients":280,"employees":4,"offices":1},{"filedOn":"2023-03-06","regulatoryAum":295499654,"clients":281,"employees":3,"offices":1},{"filedOn":"2024-06-25","regulatoryAum":358974653,"clients":267,"employees":2,"offices":1},{"filedOn":"2025-03-20","regulatoryAum":403302552,"clients":282,"employees":4,"offices":1},{"filedOn":"2026-02-17","regulatoryAum":500000000,"clients":275,"employees":5,"offices":1}],"secFileNumber":"801-111072","legalName":"Private Wealth Solutions, LLC","displayName":"Private Wealth Solutions","slug":"private-wealth-solutions-289437","website":"https://privatewealthsolutions.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2013","organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"26050 Mureau Road, Suite 103","city":"Calabasas","state":"CA","stateName":"California","country":"United States","postalCode":"91302"},"tradeNames":["Private Wealth Solutions, LLC"],"registration":{"secApproved":"1 September 2017","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1818181.8181818181,"staff":{"employees":5,"advisory":2,"brokerDealerReps":2,"insuranceAgents":4,"promoters":0},"aum":{"regulatory":500000000,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":500000000,"nonDiscretionaryAccounts":700,"wrapProgram":null,"nonUsClientsPct":5,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":160,"regulatoryAum":70000000},{"label":"High-net-worth individuals","clients":115,"regulatoryAum":430000000}],"feePrograms":[{"role":"main","program":"Asset Management","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009513","versionId":1009513,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-02-17","documentName":"FORM ADV PART 2A - FIRM BROCHURE","fee_rate_low":null,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning & Consulting","summary":"Financial planning and consulting are billed hourly, up to $500 an hour, or as a flat fee not exceeding $5,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009513","versionId":1009513,"submittedOn":"2026-02-17","documentName":"FORM ADV PART 2A - FIRM BROCHURE"},{"role":"other","program":"Retirement Plan Consulting","summary":"Fees based on a percentage of managed plan assets will not exceed 1.00%.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009513","versionId":1009513,"submittedOn":"2026-02-17","documentName":"FORM ADV PART 2A - FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T10:22:40.223388+00:00","documents":[{"name":"FORM ADV PART 2A - FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009513","versionId":1009513,"submittedOn":"2026-02-17"}]},"custodians":[{"name":"Charles Schwab & Co","shortName":"Charles Schwab","location":"Omaha, NE","smaAssets":266467448}],"custodyNote":"Private Wealth Solutions has custody of $158M for 116 clients.","otherCustodians":[],"leadership":[{"name":"Douglas Lagerstrom","title":"Managing Member & Chief Compliance Officer","crd":"2177433"},{"name":"Allen Minassian","title":"Managing Member","crd":"2448470"}],"ownership":[{"label":"Douglas Lagerstrom","detail":"Managing member & chief compliance officer in the 50% to 75% ownership band and a control person, since September 2017."},{"label":"Allen Minassian","detail":"Managing member in the 25% to 50% ownership band and a control person, since September 2017."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"26050 Mureau Road, Suite 103","city":"Calabasas","headquarters":true}]}],"brochureServices":["education planning","estate planning","insurance","philanthropic planning","tax planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"818-264-0600","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":13},{"label":"U.S. government/agency bonds","percent":5},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":78},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"17 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/289437/PDF/289437.pdf","brochureDate":"17 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1009513","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 Private Wealth Solutions have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Private Wealth Solutions offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Private Wealth Solutions charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Private Wealth Solutions use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Private Wealth Solutions have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Private Wealth Solutions invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Private Wealth Solutions?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Private Wealth Solutions get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Private Wealth Solutions?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 17 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."}