Urban Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and educational seminars. Financial planning was provided to 26–50 clients last fiscal year.
Urban Wealth Management Group reports 281 clients. They include 223 individual clients, 52 high-net-worth individuals, and 6 pension and profit-sharing plans. Of its assets, 100.0% ($213M across 837 accounts) are managed with discretion. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 28% |
| High-net-worth individuals | 19% | 64% |
| Pension and profit-sharing plans | 2% | 8% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 223 | $59M | 27.8% | $264K |
| High-net-worth individuals | 52 | $137M | 64.4% | $2.63M |
| Pension and profit-sharing plans | 6 | $16.8M | 7.9% | $2.79M |
| Total | 281 | $213M | 100% | $756K |
- Clients
- 223
- Regulatory AUM
- $59M
- AUM share
- 27.8%
- Avg. per client
- $264K
- Clients
- 52
- Regulatory AUM
- $137M
- AUM share
- 64.4%
- Avg. per client
- $2.63M
- Clients
- 6
- Regulatory AUM
- $16.8M
- AUM share
- 7.9%
- Avg. per client
- $2.79M
Total
- Clients
- 281
- Regulatory AUM
- $213M
- AUM share
- 100%
- Avg. per client
- $756K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Urban Wealth Management Group charges 0.15%–1.25% a year for its Investment Management Services. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial planning fees are set by scope in each client's planning agreement, generally a 12-month retainer, and are negotiable.
- Trust Coordination
- Coordinating the creation of a trust is generally $1,800 and coordinating an update to an existing trust is generally $600, when charged separately.
Rene Nourse owns 75% or more of Urban Wealth Management Group. Rene Nourse is CEO; the leadership team includes President Lily Huber. It has 6 employees, 5 of them in advisory roles.
Leadership
- Rene NourseChief Executive Officer
- Lily HuberPresident and CCO
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 5 in advisory functions
- 4 state-registered reps
- 2 insurance agents
- 5 soliciting firms
- Owns 75% or more of Urban Wealth Management Group LLC
Rene Nourse
Control person · since January 2017
Urban Wealth Management Group’s regulatory assets grew from $153M (May 2021) to $213M (May 2026); clients fell from 305 to 281 and employees rose from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $213M | 281 | 6 | 5 |
| Mar 2025March 2025 | $202M | 473 | 4 | 1 |
| Jun 2024June 2024 | $189M | 407 | 4 | 1 |
| Jul 2023July 2023 | $162M | 426 | 6 | 1 |
| Jun 2022June 2022 | $181M | 377 | 5 | 1 |
| May 2021May 2021 | $153M | 305 | 5 | 1 |
Besides its headquarters, Urban Wealth Management Group has 4 offices (4 private residences, listed without an address), with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Urban Wealth Management Group LLC
- Headquarters
- Not reported
- Website
- urbanwm.com
- Phone
- 424-277-2260
- SEC file
- 801-108701
- Structure
- California LLC
- Fiscal year end
- December
Urban Wealth Management Group’s named custodians for separately managed accounts are Charles Schwab ($198M, 93%), John Hancock Life Insurance Company (U.S.A.) and John Hancock Li ($9.07M, 4%) and Principal Securities ($5.31M, 3%). Urban Wealth Management Group has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $198M93%
- John Hancock Life Insurance Company (U.S.A.) and John Hancock LiJohn Hancock Life Insurance Company (U.S.A.) and John Hancock Li · New York, NY · $9.07M4%
- Principal SecuritiesPrincipal Securities, Inc. · Des Moines, IA · $5.31M3%
At year end, Urban Wealth Management Group’s separately managed accounts were largely in funds (40%) and stocks (25%).
What the accounts hold
- Stocks25%
- Funds40%
- Bonds22%
- U.S. government and agency bonds10%
- State and local bonds6%
- Sovereign bonds4%
- Investment grade corporate bonds2%
- Cash13%
How many clients does Urban Wealth Management Group have?
Urban Wealth Management Group has 281 clients and manages $213 million for them, as of May 2026. They include 223 individual clients, 52 high-net-worth individuals, and 6 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 May 2026
What services does Urban Wealth Management Group offer?
Urban Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, 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 Urban Wealth Management Group charge?
Urban Wealth Management Group charges 0.15%–1.25% a year for its Investment Management Services. The fee is billed in arrears and is negotiable.
Source: UWM - FORM ADV PART 2A & 2B FINAL, filed 25 March 2026
Which custodians does Urban Wealth Management Group use?
Urban Wealth Management Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $198M, John Hancock Life Insurance Company (U.S.A.) and John Hancock Li (New York, NY), with $9.07M and Principal Securities, Inc. (Des Moines, IA), with $5.31M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 May 2026
How many financial advisors does Urban Wealth Management Group have?
Urban Wealth Management Group has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 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
What does Urban Wealth Management Group invest in?
At the end of its last fiscal year, Urban Wealth Management Group’s separately managed accounts held 40% registered funds (mutual funds, ETFs, BDCs), 25% exchange-traded equities, 13% cash and equivalents, 10% U.S. government and agency bonds, 6% state and local bonds, 4% sovereign bonds and 2% investment grade 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 Urban Wealth Management Group?
Urban Wealth Management Group’s direct owner is Rene Nourse (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 21 May 2026
How does Urban Wealth Management Group get paid?
Urban Wealth Management Group is paid through a percentage of assets under management 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 Urban Wealth Management Group?
Its phone number is 424-277-2260. Its website is urbanwm.com.