Emery & Howard Portfolio Management (Burlingame)

Name: Emery & Howard Portfolio Management
Address: 333 Lorton Avenue, Burlingame, CA, 94010
Telephone: 650-579-7100

Emery & Howard Portfolio Management is a large advisory firm based in Burlingame. It manages $1.21 billion of regulatory assets for 1,735 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Hawaii, and 4 other states.

Emery & Howard Portfolio Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Emery & Howard Portfolio Management: assets under management

The assets under management (AUM) of Emery & Howard Portfolio Management is $1.21 billion. The firm's AUM has grown by 182% since the beginning of its operation, and $1.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.14 billion in discretionary accounts and $75.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $657.07 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.64 million.

Emery & Howard Portfolio Management has custody of $482.64 million in cash and securities for 275 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in state and local bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Emery & Howard Portfolio Management for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Emery & Howard Portfolio Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Emery & Howard Portfolio Management is high net worth individuals with 206 clients and $957.95 million of assets under management. Among the 12 most similar advisory firms, Emery & Howard Portfolio Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.21 billion for 640 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Emery & Howard Portfolio Management doesn't advise any private funds.

Careers at Emery & Howard Portfolio Management

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Emery	Partner	1 Jan 1985	50% - 75%	4348753
Michael Kevin Howard	Partner	1 Jan 1990	50% - 75%	1386741
Michael Kevin Howard	President, portfolio manager	1 Jan 2001	75% - 100%	1386741
Frank Carmen Marinaro	Managing director, portfolio management and chief compliance officer	1 May 2005	Other	2897016
Robert David Gross	Managing director, financial planning	1 Aug 2006	Other	5213637

Based in Burlingame

The principal office where Emery & Howard Portfolio Management performs its advisory services is located at 333 Lorton Avenue, Burlingame, CA 94010, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-579-7100 or by fax 650-579-7313. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at emeryhoward.com.