IRVINE, Calif. (Jan. 25, 2017) – Coming off one of its strongest years since the company was founded in 1998, Apriem Advisors has surpassed a critical benchmark in gaining more than $500 million in total assets under management. The milestone follows a 20 percent year-over-year gain that was achieved without any mergers or acquisitions, bucking a recent consolidation trend in the wealth management industry.
“This is a significant threshold for us and we could not be more proud of the way we got here – by listening to our clients and servicing their needs with the upmost integrity and aptitude,” said Harmon Kong, CFP®, chief wealth manager and founding principal of Apriem Advisors. “True to our Latin-based namesake, Apriem (meaning: to the highest degree), we strive to provide our clients with the highest degree of service while handling all facets of their finances. We help clients reach their goals of financial security and freedom.”
An independent registered investment advisory firm, Apriem specializes in the emerging class of female investors, offering year-round complimentary programming that is tailored specifically for high-net-worth women. This initiative, called Women of Wisdom (WOW), is embarking on another year of educational and philanthropic outreach.
“We feel that women are a critical and underserved segment of the economy. Whether you are a widow, an entrepreneur or both, as a woman you will have unique financial needs that cannot be addressed with a one-size-fits-all financial strategy,” said Rhonda Ducote, Apriem’s president and principal. “With WOW, we aim to celebrate, encourage, embrace and educate the women of Southern California in a safe and enjoyable setting.”
Another important segment for Apriem has been the oil and gas sector. Known as its Refinery Retiree Practice, this vertical is fueled by current or soon-to-be retirees from ExxonMobil’s refinery operation in Torrance, Calif. Started a decade ago by Apriem wealth manager Landon Yoshida, who was recently named a partner at the firm, the model will be expanded to service Southern California’s growing population of aerospace industry retirees.
Additionally, Apriem has claimed compliance with Global Investment Performance Standards (GIPS), a voluntary regulation based on full disclosure and fair representation of investment performance results. This independent verification of performance dates back to 2011, and offers clients a level of transparency that is unusual in today’s wealth management industry.
About Apriem Advisors: Located in Irvine, Calif., Apriem Advisors is an independent, registered investment advisory firm. We manage assets for approximately 350 families worldwide, totaling over $500 million in assets under management. True to our Latin-based namesake, we strive to provide our clients with the highest degree of service while handling all facets of their finances, enabling them to experience financial security and freedom. Connect with us at www.apriem.com.