As seen in
Los Angeles Five Star award winner


René Nourse, CFP®

Founder/CEO - Wealth Advisor
Urban Wealth Management Group
841 Apollo St Ste 320
El Segundo, CA 90245
Office: 424-277-2260

Professional Approach

After 25 years as a financial advisor in the corporate world, René Nourse left a major brokerage firm in June of 2012, to launch Urban Wealth Management Group®. Sensing that a shift needed to take place in the preferences of the financial services industry, her intention was to build a platform that focused on strategic financial planning alongside investment management to better serve clients. Also recognizing that Women are often overlooked and underserved in the financial industry, she created the Smart Women/Savvy Money® Club in order to provide a supportive, secure environment where women are encouraged to learn, explore and feel confident about making financial decisions.

A frequent guest speaker on the topic of women, diversity, inclusion, and financial planning needs for consumers, she has been recognized as a trailblazer and financial expert. Between 2013 and 2019, she was a guest commentator for CNBC’s Closing Bell Report and was selected by Charles Schwab for their national ad campaign beginning in 2019. Between 2019 and 2020, she was the 10th President of the Association of African American Advisors, a national organization dedicated to advancing and supporting African Americans in the financial planning industry.

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*Winners appearing on this page do not pay a fee to be considered or to win the Five Star Award. Professionals with a digital profile have paid a promotional fee.
This award was issued on 12/01/2022 by Five Star Professional (FSP) for the time period 03/28/2022 through 09/23/2022. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 3,629 Los Angeles-area wealth managers were considered for the award; 155 (4% of candidates) were named 2023 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2022: 3781, 150, 4%, 12/1/21, 3/29/21 - 10/1/21; 3574, 158, 4%, 12/1/20, 3/30/20 - 10/9/20; 2020: 3527, 158, 4%, 12/1/19, 3/1/19 - 10/25/19; 2019: 3528, 154, 4%, 12/1/18, 3/26/18 - 10/16/18; 2018: 2708, 154, 6%, 12/1/17, 3/23/17 - 10/13/17; 2017: 2351, 287, 12%, 11/1/16, 2/25/16 - 10/24/16; 2016: 2374, 298, 13%, 11/1/15, 5/22/15 - 10/16/15; 2015: 3105, 327, 11%, 12/1/14, 5/22/14 - 10/16/14; 2014: 6088, 340, 6%, 12/1/13, 5/22/13 - 10/16/13; 2013: 3488, 372, 11%, 12/1/12, 5/22/12 - 10/16/12; 2012: 1019, 176, 17%, 11/1/11, 5/22/11 - 10/16/11.
Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria - required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by FSP, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or FSP's consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP's consumer complaint process; feedback may not be representative of any one client's experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria - considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. FSP does not evaluate quality of services provided to clients. The award is not indicative of the wealth manager's future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients' assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by FSP or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by FSP in the future. Visit