Purus Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year.
Purus Wealth Management reports 642 clients. They include 539 individual clients, 96 high-net-worth individuals, and 7 pension and profit-sharing plans. Of its assets, 68.6% ($451M across 1,505 accounts) are managed with discretion; $207M across 7 accounts are not. A wrap fee program the firm both sponsors and manages holds $447M. Of its clients, 1% are outside the U.S. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 84% | 22% |
| High-net-worth individuals | 15% | 46% |
| Pension and profit-sharing plans | 1% | 32% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 539 | $146M | 22.1% | $270K |
| High-net-worth individuals | 96 | $303M | 46.1% | $3.16M |
| Pension and profit-sharing plans | 7 | $208M | 31.6% | $29.7M |
| Charitable organizations | Fewer than 5 | $379K | 0.1% | — |
| Corporations and other businesses | Fewer than 5 | $1.11M | 0.2% | — |
| Total | 642 | $658M | 100% | — |
- Clients
- 539
- Regulatory AUM
- $146M
- AUM share
- 22.1%
- Avg. per client
- $270K
- Clients
- 96
- Regulatory AUM
- $303M
- AUM share
- 46.1%
- Avg. per client
- $3.16M
- Clients
- 7
- Regulatory AUM
- $208M
- AUM share
- 31.6%
- Avg. per client
- $29.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $379K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.11M
- AUM share
- 0.2%
- Avg. per client
- —
Total
- Clients
- 642
- Regulatory AUM
- $658M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Purus Wealth Management charges up to 2.75% a year for its Purus Asset Management (PAM). 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
- Hourly fees are at most $500; flat fees generally range from $1,500 to $20,000, with a 50% retainer that may be required.
- Non-Wrap Asset Management for Held Away Accounts
- Maximum annual fee of 1%, billed pro-rata quarterly in advance on the time-weighted daily average of the prior quarter.
- Seminar Services
- Clients are charged up to $500 to attend an educational seminar, payable in advance.
Mark Larsen owns 50% to 75% of Purus Wealth Management. The leadership team of Purus Wealth Management includes Chief Compliance Officer Bonnie Larsen. It has 12 employees, 4 of them in advisory roles.
Staff
- 12 employees
- 4 in advisory functions
- 6 state-registered reps
- 6 insurance agents
- Owns 50% to 75% of Purus Wealth Management, LLC
Mark Larsen
Control person · since January 2015
- Owns 10% to 25% of Purus Wealth Management, LLC
John Morreale
Control person · since January 2015
- Owns 10% to 25% of Purus Wealth Management, LLC
Bonnie Larsen
Control person · since January 2015
- Owns 5% to 10% of Purus Wealth Management, LLC
Laura Sillen
Control person · since January 2015
Purus Wealth Management’s regulatory assets grew 2.0× from $337M (March 2021) to $658M (March 2026); clients rose from 583 to 642 and employees from 8 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $658M | 642 | 12 | 1 |
| Jun 2025June 2025 | $548M | 610 | 11 | 1 |
| Jun 2024June 2024 | $438M | 617 | 10 | 1 |
| Mar 2023March 2023 | $383M | 639 | 10 | 1 |
| Mar 2022March 2022 | $436M | 621 | 9 | 1 |
| Mar 2021March 2021 | $337M | 583 | 8 | 1 |
Besides its headquarters, Purus Wealth Management has 0 offices, with 1 listed address in 1 state.
California · 1 listed address
- 4675 Macarthur Court, Suite 770, Newport BeachHQ
Contact and registration details
- Legal name
- Purus Wealth Management, LLC
- Headquarters
- 4675 Macarthur Court, Suite 770, Newport Beach, CA 92660
- Website
- puruswealthmanagement.com
- Phone
- 949-356-6330
- @purus-wealth-management
- SEC file
- 801-80854
- Structure
- California LLC
- Fiscal year end
- December
Purus Wealth Management’s named custodians for separately managed accounts are Charles Schwab ($440M, 69%) and Standard Insurance ($197M, 31%). Purus Wealth Management has custody of $113M for 232 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $440M69%
- Standard InsuranceStandard Insurance Company · Portland, OR · $197M31%
At year end, Purus Wealth Management’s separately managed accounts were mostly in stocks (51%) and funds (45%). Its reported 13F holdings for the quarter ended 30 June 2026 total $363M across 171 positions; the largest are Nvidia Corporation (14.6%), Broadcom Inc. (4.8%) and Apple Inc. (4.4%).
What the accounts hold
- Stocks51%
- Funds45%
- Cash3%
- Other1%
- Fee based annuities1%
How many clients does Purus Wealth Management have?
Purus Wealth Management has 642 clients and manages $658 million for them, as of March 2026. They include 539 individual clients, 96 high-net-worth individuals, and 7 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 March 2026
What services does Purus Wealth Management offer?
Purus Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Purus Wealth Management charge?
Purus Wealth Management charges up to 2.75% a year for its Purus Asset Management (PAM). The fee is billed in advance and is negotiable.
Source: FORM ADV PART 2A APPENDIX 1 - WRAP FEE PROGRAM BROCHURE, filed 18 March 2026
Which custodians does Purus Wealth Management use?
Purus Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $440M and Standard Insurance Company (Portland, OR), with $197M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 March 2026
How many financial advisors does Purus Wealth Management have?
Purus Wealth Management has 6 investment adviser representatives registered with state securities authorities, out of 12 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 6 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 Purus Wealth Management invest in?
At the end of its last fiscal year, Purus Wealth Management’s separately managed accounts held 51% exchange-traded equities, 45% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents and 1% other. The 1% other category is described as: Fee Based Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Purus Wealth Management?
Purus Wealth Management’s direct owners are Mark Larsen (50% to 75%), John Morreale (10% to 25%), Laura Sillen (5% to 10%) and Bonnie Larsen (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 18 March 2026
How does Purus Wealth Management get paid?
Purus 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 Purus Wealth Management?
Purus Wealth Management’s main office is at 4675 Macarthur Court, Suite 770, Newport Beach, CA 92660. Its phone number is 949-356-6330. Its website is puruswealthmanagement.com.