# Calabasas Advisory Group, LLC

> Calabasas Advisory Group, LLC is an SEC-registered investment advisory firm in Westlake Village, CA, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 10, 2026.

- CRD: 288224
- Filed as: CALABASAS ADVISORY GROUP, LLC
- Also doing business as: JL WEALTH MANAGEMENT, SEMELENG FINANCIAL SERVICES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Westlake Village, CA
- Filing period: October 2026
- Form ADV filing dated: February 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288224
- AdvisorCensus page: https://advisorcensus.com/firm/calabasas-advisory-group-llc-westlake-village-ca-288224

## Quick answers

**How is Calabasas Advisory Group, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Calabasas Advisory Group, LLC reports these compensation arrangements: a percentage of assets under its management.

**How much does Calabasas Advisory Group, LLC charge?**
Its Form ADV Part 2A brochure dated February 10, 2026 states: Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Calabasas Advisory Group, LLC located?**
Calabasas Advisory Group, LLC's principal office is in Westlake Village, CA, according to its Form ADV.

**Is Calabasas Advisory Group, LLC registered with the SEC or a state?**
Calabasas Advisory Group, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288224.

**How much does Calabasas Advisory Group, LLC manage?**
Calabasas Advisory Group, LLC reports $249,526,000 in regulatory assets under management in its Form ADV filing dated February 10, 2026 (100% discretionary).

**How have Calabasas Advisory Group, LLC's assets and staff changed since 2021?**
In the Form ADV data for Calabasas Advisory Group, LLC: Regulatory assets under management: $178,465,000 in the October 2021 data and $249,526,000 in the October 2026 data, up 40%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Calabasas Advisory Group, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (334); high net worth individuals (154).

**Which custodians does Calabasas Advisory Group, LLC use?**
Calabasas Advisory Group, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Calabasas Advisory Group, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/288224

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated February 10, 2026)

- Asset-based fee: up to 1.25% of assets a year (the maximum the brochure states)

> The maximum annual fee charged for this service will not exceed 1.25%. Fees to be assessed will be outlined in the advisory agreement to be signed by the client.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $249,526,000
- Discretionary: $249,526,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 334 | $172,172,940 |
| High net worth individuals | 154 | $77,353,060 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2017 (9 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- jlwealthmanagement.com
- semelengfinancialservices.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $178,465,000 | 2 | February 3, 2021 |
| October 2022 | $201,146,000 | 2 | February 14, 2022 |
| October 2023 | $185,393,000 | 2 | January 26, 2023 |
| October 2024 | $222,008,000 | 2 | January 10, 2024 |
| October 2025 | $240,549,000 | 2 | January 10, 2025 |
| October 2026 | $249,526,000 | 2 | February 10, 2026 |

Regulatory assets under management: $178,465,000 in the October 2021 data and $249,526,000 in the October 2026 data, up 40%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Calabasas Advisory Group, LLC (CRD 288224): Form ADV filing data as of October 2026.