Williams & Novak Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, publishing newsletters, educational seminars, education planning, insurance, tax planning, and tax preparation.
Williams & Novak Wealth Management reports 285 clients. They include 168 individual clients, 107 high-net-worth individuals, and 10 pension and profit-sharing plans. Of its assets, 100.0% ($343M across 1,036 accounts) are managed with discretion. It advised 287 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 59% | 11% |
| High-net-worth individuals | 38% | 87% |
| Pension and profit-sharing plans | 4% | 2% |
| 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) | 168 | $36.1M | 10.5% | $215K |
| High-net-worth individuals | 107 | $298M | 86.9% | $2.79M |
| Pension and profit-sharing plans | 10 | $7.81M | 2.3% | $781K |
| Charitable organizations | Fewer than 5 | $879K | 0.3% | — |
| Corporations and other businesses | Fewer than 5 | $14.5K | 0.0% | — |
| Total | 285 | $343M | 100% | — |
- Clients
- 168
- Regulatory AUM
- $36.1M
- AUM share
- 10.5%
- Avg. per client
- $215K
- Clients
- 107
- Regulatory AUM
- $298M
- AUM share
- 86.9%
- Avg. per client
- $2.79M
- Clients
- 10
- Regulatory AUM
- $7.81M
- AUM share
- 2.3%
- Avg. per client
- $781K
- Clients
- Fewer than 5
- Regulatory AUM
- $879K
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $14.5K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 285
- Regulatory AUM
- $343M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 287
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Williams & Novak Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Hourly financial planning generally ranges from $150 to $500 an hour; fixed fees run from $1,000 to $20,000 per project, and retainers from $1,000 to $20,000 a year.
Jacob Williams owns 50% to 75% of Williams & Novak Wealth Management. The leadership team of Williams & Novak Wealth Management includes Chief Operating Officer Tanya Escobedo and Chief Compliance Officer Daniel Novak. It has 10 employees, 4 of them in advisory roles.
Staff
- 10 employees
- 4 in advisory functions
- 4 state-registered reps
- 2 broker-dealer reps
- 4 insurance agents
- Owns 50% to 75% of Williams & Novak Wealth Management, LLC
Jacob Williams
Control person · since April 2019
- Owns 25% to 50% of Williams & Novak Wealth Management, LLC
Daniel Novak
Control person · since April 2019
Williams & Novak Wealth Management’s regulatory assets grew Infinity× from $0 (July 2023) to $343M (September 2026); employees rose from 2 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $343M | 285 | 10 | 6 |
| Jun 2025June 2025 | $264M | 257 | 3 | 5 |
| Jul 2024July 2024 | $238M | 215 | 4 | 6 |
| Jul 2023July 2023 | $0 | 0 | 2 | 3 |
Besides its headquarters, Williams & Novak Wealth Management has 5 offices (4 private residences, listed without an address), with 2 listed addresses in 1 state.
California · 2 listed addresses
- 2625 Townsgate Road, Suite 330, Westlake VillageHQ
- 5000 Birch Street, Newport Beach
Other business names
Williams & Novak Wealth Management has reported 1 other business name to the SEC.
- Strategic Wealth and Taxes
Contact and registration details
- Legal name
- Williams & Novak Wealth Management, LLC
- Headquarters
- 2625 Townsgate Road, Suite 330, Westlake Village, CA 91361
- Website
- strategicwealthandtaxes.com
- Phone
- 626-689-7181
- SEC file
- 801-128269
- Founded
- 2023
- Structure
- Nevada LLC
- Fiscal year end
- December
Williams & Novak Wealth Management’s named custodians for separately managed accounts are Fidelity ($343M, 100%) and Altruist ($0, 0%). Williams & Novak Wealth Management does not have custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $343M100%
At year end, Williams & Novak Wealth Management’s separately managed accounts were mostly in funds (67%) and cash (18%). Its reported 13F holdings for the quarter ended 30 June 2026 total $151M across 146 positions; the largest are Pimco Equity Ser (6.6%), Fidelity Merrimack Str TR (6.1%) and Fidelity Covington Trust (4.9%).
What the accounts hold
- Stocks11%
- Funds67%
- Bonds4%
- State and local bonds3%
- Investment grade corporate bonds1%
- Cash18%
How many clients does Williams & Novak Wealth Management have?
Williams & Novak Wealth Management has 285 clients and manages $343 million for them, as of September 2026. They include 168 individual clients, 107 high-net-worth individuals, and 10 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026
What services does Williams & Novak Wealth Management offer?
Williams & Novak Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, publishing newsletters, educational seminars, education planning, insurance, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Williams & Novak Wealth Management use?
Williams & Novak Wealth Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $343M. The filing also lists Altruist Financial LLC with no separately managed account assets.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 September 2026
How many financial advisors does Williams & Novak Wealth Management have?
Williams & Novak Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 10 employees, and 4 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 Williams & Novak Wealth Management invest in?
At the end of its last fiscal year, Williams & Novak Wealth Management’s separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 18% cash and equivalents, 11% exchange-traded equities, 3% state and local bonds and 1% 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 Williams & Novak Wealth Management?
Williams & Novak Wealth Management’s direct owners are Daniel Novak (25% to 50%) and Jacob Williams (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 16 September 2026
How does Williams & Novak Wealth Management get paid?
Williams & Novak 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 Williams & Novak Wealth Management?
Williams & Novak Wealth Management’s main office is at 2625 Townsgate Road, Suite 330, Westlake Village, CA 91361. Its phone number is 626-689-7181. Its website is strategicwealthandtaxes.com.