Clarivest Asset Management LLC is a large advisory firm based in San Diego. It manages $6.74 billion of regulatory assets for 50 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California and Florida.
Clarivest Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and model portfolios. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Clarivest Asset Management LLC is $6.74 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 87470% since the beginning of its operation, and $939.2 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Clarivest Asset Management LLC for their services and products based on a percentage of assets under management and performance-based fees. 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.
The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Clarivest Asset Management is investment companies with 6 clients and $4.3 billion of assets under management. Among the 9 most similar advisory firms, Clarivest Asset Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $6.74 billion for 34 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 14% of the firm’s clients are foreign persons or businesses.
Clarivest Asset Management also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.
The company employs 23 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Clarivest Asset Management LLC performs its advisory services is located at 3611 Valley Centre Drive, San Diego, CA 92130, 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 858-480-2440 or by fax 858-480-2441. The normal business hours are 7:00am-3:00pm pacific on Monday - Friday. You can find more information about the New York firm at clarivest.com and its LinkedIn profile.