Karl Schorr Wealth Management, LLC
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About
Karl Schorr Wealth Management, LLC provides fee-based portfolio management primarily to individual investors and, occasionally, to small businesses and non-profits. The firm also offers ancillary services such as preparation of personal and business income tax returns and consulting on 1031 real estate exchanges, including due diligence and coordination for Delaware Statutory Trust replacement properties.
The adviser uses asset-allocation targets and a largely passive investment approach that emphasizes low-cost index funds and ETFs, with active funds considered only when a suitable index product is not available. It generally manages accounts on a discretionary basis, monitors holdings daily, performs formal account reviews quarterly, and does not employ margin or leveraged products.
Unlike many peers that operate as strict solo practitioners, the firm’s structure and services include the principal’s registered tax preparer credential and dedicated time spent on 1031 exchange consulting, with approximately $758,449 of DST assets listed under advisement. The firm recommends Charles Schwab as custodian, reports all client assets as discretionary (about $27.9 million across roughly 128 clients), and uses solicitor referral arrangements on occasion.
Client services
Expertise
Fee options
$0 - $1,000,000: 1.0% annually $1,000,001 - $2,000,000: 0.9% annually $2,000,001 - $3,000,000: 0.8% annually $3,000,001 - $4,000,000: 0.7% annually $4,000,001 - $5,000,000: 0.6% annually $5,000,001+: 0.5% annually
Account minimum: $50,000 Fee-only: Management fee based on assets under management; no commissions or performance fees
Main office
31500 Grape Street #3 356
Lake Elsinore CA 92532
Advisors at this office
1
Most active in
California
Also doing business as
Karl Nelson Schorr · Karl Schorr Wealth Management · Karl Schorr Wealth Management, LLC · Schorr, Karl Nelson
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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