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Los Angeles Five Star award winner


Rene Nourse

Urban Wealth Mgmt. Group, LLC
841 Apollo St Ste 320
El Segundo, CA 90245
Office: 424-277-2260

Professional Approach

After 25 years as a financial advisor with large NYSE brokerage firms, René left Morgan Stanley in June of 2012, to launch Urban Wealth Management, LLC, a fee based firm with a focus on financial planning, risk management and asset management services. Recognizing that women face unique and complex financial challenges, she formed the Smart Women ~ Savvy Money Club to provide a supportive, secure environment where women are encouraged to learn, explore and feel confident about making sound financial decisions. The mission of the Smart Women’s club is to ensure that every woman make the best financial decisions so they can create the lifestyle they desire and deserve.

A frequent speaker and blogger on the subjects of Women and Money, she was also selected as Investment News 2017's Women to Watch.  Additionally, she has been a guest commentator for CNBC’s Closing Bell Report since 2013 and during 2014 and 2015, was guest contributor for CNBC Asia’s The Rundown, which is broadcast from the Singapore Stock Exchange.

Career activities aside, she is active in and supports organizations that offer services and programs for women and teen girls. She is a Luminary Circle member of Step Up Women’s Network, an Advisory Board member for EmpowHer Institute, which strives to empower marginalized teen girls to pursue higher education, and City Scholars Foundation, which provides leadership development training for Executive Directors of community based after–school programs across Los Angeles County.

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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.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser 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 Five Star Professional, 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 Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’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. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star 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 client’s 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 Five Star Professional 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 Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to 3,528 Los Angeles area wealth managers were considered for the award; 154 (4 percent of candidates) were named 2019 Five Star Wealth Managers. 2018: 2708 considered, 154 winners; 2017: 2351 considered, 287 winners; 2016: 2374 considered, 298 winners; 2015: 3105 considered, 327 winners; 2014: 6088 considered, 340 winners; 2013: 3488 considered, 372 winners; 2012: 1019 considered, 176 winners.