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Tessara Financial Advisors Review

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Tessara Financial Advisors, registered in 2020, serves 1 state(s) with a licensed staff of 2 advisors. Tessara Financial Advisors manages $177.8 million and provides investment advisory services for 157 clients (1:79 advisor/client ratio).



Firm Information


Summary Firm
Minimum Investment Ask firm
Average Client Balance $1,132,733
Total AUM $177.8 million
Fee Range Ask firm
Advisor / Client Ratio 1:79
Languages Offered Ask firm
Specialities Ask firm
Website Visit Site
Phone Number 415-925-1100
Headquarters Larkspur, CA
Locations See locations
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SEC Filings View SEC IAPD CRD #113010


Disciplinary Questions


After checking the disciplinary records of Tessara Financial Advisors, our system has identified the following question(s) to ask. Learn more.


Tessara Financial Advisors or an advisory affiliate has previously been found guilty of violating a regulation or statute by a domestic or foreign court, the SEC, CFTC, or another regulatory body or commodities exchange.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Tessara Financial Advisors or an advisory affiliate was previously found guilty of making false statements or omissions by the SEC, CFTC, or another regulatory agency or organization.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Tessara Financial Advisors or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities with a Self-Regulating Organization or commodities exchange.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Previously Tessara Financial Advisors or an advisory affiliate was found to be the cause for an investment-related business having its authorization to do business denied, suspended, or revoked.


What happened? When? How many times did it occur? Will anyone that was involved be involved with my accounts in any capacity?


Our system found no other disciplinary questions to ask. Checks take place monthly.



Conflict Questions


After checking the regulatory records of Tessara Financial Advisors, our system has identified the following question(s) to ask. Learn more.


Is Tessara Financial Advisors also a Broker-Dealer or are they affiliated with one? What conflicts arise from this relationship? How does Tessara Financial Advisors mitigate them?


Currently Tessara Financial Advisors is also a Broker-Dealer or is affiliated with one. When firms are dual-registered as broker-dealers, they may be subject to compensation-related conflicts of interest, including revenue sharing from mutual funds, cross-selling of commissioned insurance products, and the sale of proprietary investment products. All of these conflicts can negatively impact clients via hidden fees and overall higher costs.


Does Tessara Financial Advisors offer mutual funds that have 12b-1 fees?


12b-1 fees increase the total annual cost of owning a mutual fund with no guarantee of higher returns. Some firms receive these fees as payments, which creates an incentive to promote them.


Does Tessara Financial Advisors offer products that have performance-based fees, or does it accept performance-based fees? Will any of my assets be invested in those products?


When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. For instance, research has shown that mutual funds that use incentive fees take on more risk that funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.


Does Tessara Financial Advisors perform side-by-side management? How does Tessara Financial Advisors mitigate conflicts that arise from managing accounts with differing fee structures?


This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their retail clients.


Our system found no other conflict questions to ask. Checks take place monthly.



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Disciplinary History


An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.

As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for Tessara Financial Advisors:




Cost


Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.

Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").


View Fee Disclosures




FAQs





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