Description of Firm
Warren Street Wealth Advisors, LLC is a registered investment adviser based in Irvine, California. We
are organized as a limited liability company ("LLC") under the laws of the State of California. We have
been providing investment advisory services since 2015. Blake Street and Cary Facer are equal
owners of Warren Street Wealth Advisors, LLC.
The following paragraphs describe our services and fees. Refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs. As used in this brochure, the words "we", "our" and "us" refer to Warren Street Wealth
Advisors, LLC and the words "you", "your" and "client" refer to you as either a client or prospective
client of our firm.
Portfolio Management Services
If you retain our firm for portfolio management services, we will meet with you to determine your
investment objectives, risk tolerance, and other relevant information at the beginning of our advisory
relationship. We will use the information we gather to develop a strategy that enables our firm to give
you continuous and focused investment advice and/or to make investments on your behalf. As part of
our portfolio management services, we will customize an investment portfolio for you according to your
risk tolerance and investing objectives. We may invest your assets according to one or more model
portfolios developed by our firm. Once we construct an investment portfolio for you, or select a model
portfolio, we will monitor your portfolio’s performance on an ongoing basis and will rebalance the
portfolio as required by changes in market conditions and in your financial circumstances.
If you participate in our discretionary portfolio management services, we require you to grant us
discretionary authority to manage your account. Subject to a grant of discretionary authorization, we
have the authority and responsibility to formulate investment strategies on your behalf. Discretionary
authorization will allow us to determine the specific securities, and the amount of securities, to be
purchased or sold for your account without obtaining your approval prior to each transaction.
Discretionary authority is typically granted by the investment advisory agreement you sign with our firm
or trading authorization forms.
You may limit our discretionary authority (for example, limiting the types of securities that can be
purchased or sold for your account) by providing our firm with your restrictions and guidelines in
writing.
We also offer non-discretionary portfolio management services. Where we provide discretionary
management services, our investment advice is tailored to meet our clients' needs and investment
objectives. If you enter into non-discretionary arrangements with our firm, we must obtain your
approval prior to executing any transactions on behalf of your account. You have an unrestricted right
to decline to implement any advice provided by our firm on a non-discretionary basis.
Financial Planning Services
We offer financial planning services which typically involve providing a variety of advisory services to
clients regarding the management of their financial resources based upon an analysis of their
individual needs. These services can range from broad-based financial planning to consultative or
single subject planning. If you retain our firm for financial planning services, we will meet with you to
gather information about your financial circumstances and objectives. Initial consultations and analysis
are complementary. We may also use financial planning software to determine your current financial
position and to define and quantify your long-term goals and objectives. Once we specify those long-
term objectives (both financial and non-financial), we will develop shorter-term, targeted objectives.
Once we review and analyze the information you provide to our firm and the data derived from our
financial planning software, we will deliver a written plan to you, designed to help you achieve your
stated financial goals and objectives.
Additionally, we provide you with recommendations as to how to allocate your investments among
categories of assets. We will then review your account on a periodic basis. Where appropriate, we may
provide you with recommendations to change your asset allocation in an effort to remain consistent
with your stated financial objectives.
You are under no obligation to act on our financial planning recommendations. Should you choose to
act on any of our recommendations, you are not obligated to implement the financial plan through any
of our other investment advisory services. Moreover, you may act on our recommendations by placing
securities transactions with any brokerage firm.
While the firm endeavors at all times to offer clients its specialized services at reasonable costs, the
fees charged by other advisers for comparable services may be lower than the fees charged by
Warren Street Wealth Advisors, LLC. As such, lower fees for comparible services may be available
from other sources and you are under no obligation to utilize our services.
Selection of Other Advisers
We may recommend that you use the services of a third-party money manager ("MM") to manage all,
or a
portion of, your investment portfolio. After gathering information about your financial situation and
objectives, we may recommend that you engage a specific MM or investment program. Factors that we
take into consideration when making our recommendation(s) include, but are not limited to, the
following: the MM's performance, methods of analysis, fees, your financial needs, investment goals,
risk tolerance, and investment objectives. We will monitor the MM(s)' performance to ensure its
management and investment style remains aligned with your investment goals and objectives.
The above MM(s) will actively manage your portfolio and will assume discretionary investment
authority over your account. We will assume discretionary authority to hire and fire MM(s) and/or
reallocate your assets to other MM(s) where we deem such action appropriate.
Pension Consulting Services
We offer pension consulting services to employee benefit plans and their fiduciaries based upon the
needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these
services may include an existing plan review and analysis, plan-level advice regarding fund selection
and investment options, education services to plan participants, investment performance monitoring
and/or ongoing consulting. These pension consulting services will generally be non-discretionary and
advisory in nature. The ultimate decision to act on behalf of the plan shall remain with the plan sponsor
or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related educational
seminars to plan participants on such topics as:
• Diversification
• Asset allocation
• Risk tolerance
• Time horizon
Our educational seminars may include other investment-related topics specific to the particular plan.
We may also provide additional types of pension consulting services to plans on an individually
negotiated basis. All services, whether discussed above or customized for the plan based upon
requirements from the plan fiduciaries (which may include additional plan-level or participant-level
services) shall be detailed in a written agreement and be consistent with the parameters set forth in the
plan documents.
Either party to the pension consulting agreement may terminate the agreement upon written notice to
the other party in accordance with the terms of the agreement for services. The pension consulting
fees will be prorated for the quarter in which the termination notice is given and any unearned fees will
be refunded to the client.
Advisory Services to Retirement Plans
As disclosed in this Form ADV Part 2A, we offer discretionary portfolio management services to
employee benefit plans ("Plan"). The services are designed to assist plan sponsors in meeting their
management and fiduciary obligations to Participants under the Employee Retirement Income
Securities Act (“ERISA”). Pursuant to adopted regulations of the U.S. Department of Labor, we are
required to provide the Plan's responsible plan fiduciary (the person who has the authority to engage
us as an investment adviser to the Plan) with a written statement of the services we provide to the
Plan, the compensation we receive for providing those services, and our status (which is described
below).
The services we provide to your Plan are described above, and in the service agreement that you have
previously signed with our firm. Our compensation for these services is described below, at Item 5, and
also in the service agreement. We may, with consent of the Plan, and in accordance with Plan
documents, bill out-of pocket expenses (such as overnight mailings, messenger, translation fees, etc.)
at cost. We do not reasonably expect to receive any other compensation, direct or indirect, for the
services we provide to the Plan. If we receive any other compensation for such services, we will (i)
offset the compensation against our stated fees, and (ii) we will promptly disclose the amount of such
compensation, the services rendered for such compensation and the payer of such compensation to
you.
In providing services to the Plan, our status is that of an investment adviser registered with the SEC as
required by law, and we are not subject to any disqualifications under Section 411 of ERISA. In
performing fiduciary services, we are acting as a non-discretionary fiduciary of the Plan as defined in
Section 3(21) or as a discretionary fiduciary of the Plan as defined in Section 3(38) under ERISA.
Wrap Fee Programs
We do not participate in any wrap fee program.
Types of Investments
We primarily offer advice on equity securities, corporate debt securities (other than commercial paper),
variable life insurance, variable annuities, mutual fund shares and exchange traded funds ("ETFs").
Additionally, we may advise you on various types of investments based on your stated goals and
objectives. We may also provide advice on any type of investment held in your portfolio at the inception
of our advisory relationship.
Assets Under Management
As of December 2023, we provide continuous management services for $ 352,952,262.00 in client
assets on a discretionary basis, and $ 4,888,622.00 in client assets on a non-discretionary basis.