Private Wealth Solutions

Private Wealth Solutions

Private Wealth Solutions was established in Calabasas, California, by Doug Lagerstrom and Allen Minassian. The firm offers investment, retirement, insurance, estate, and tax planning services to individuals, high-net-worth individuals, trusts, and corporations. The firm operates as a Registered Investment Advisor; its principals also conduct securities transactions through Kovack Securities, Inc. — a dual-structure that separates advisory and brokerage functions. The firm’s investment philosophy explicitly disavows individual stock selection and market timing, citing the impossibility of quantifying credit risk in single stocks and the difficulty of beating the market. Instead, it allocates client capital across asset classes determined by a comprehensive financial plan — a framework documented via a proprietary wealth analysis report and a retirement probability calculation. The firm states it invests dollars based on the purpose of those funds rather than current performance trends. No specific portfolio companies or direct deals are publicly disclosed, consistent with its non-discretionary, planning-driven model. Geographic focus is the United States, served from a single office in Calabasas. Private Wealth Solutions cites over 100 years of collective experience among its team, though it does not publish a total AUM or deployment figure. The advisory team includes Doug Lagerstrom, Allen Minassian, Doug Allen, and Eric Lynn Kumbie. The firm delivers services through a customized client web portal and emphasizes recurring planning meetings — referred to as a financial “tune-up” or “thorough checkup” — to align asset allocations with evolving goals. There is no record of adjacent vehicles, philanthropic foundations, or co-investment networks. The firm’s structure as a non-discretionary, planning-centric RIA with brokerage affiliation is its architectural distinction. By refusing to recommend individual securities and grounding every recommendation in a purpose-driven financial plan, Private Wealth Solutions operates more like a fiduciary planning clinic than a traditional asset manager — an uncommon posture at a time when many RIAs compete on investment selection.