Westend Capital Management, LLC. (Santa Monica)


Westend Capital Management, LLC. is a large advisory firm based in Santa Monica. It manages $91.86 million of regulatory assets for 202 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California and Texas.

Westend Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as financial planner.

Westend Capital Management: assets under management

The assets under management (AUM) of Westend Capital Management, LLC. is $91.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 240% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $91.86 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $454.75 thousand each.
Westend Capital Management has custody of $6.39 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Westend Capital Management, LLC. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sean Charles Cooper serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Sean Charles Cooper is high net worth individuals with 30 clients and $65.31 million of assets under management. Among the 8 most similar advisory firms, Westend Capital Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $91.86 million for 100 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Westend Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Westend Capital Management, LLC.

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Sean Charles Cooper has been acting as President since 1 Apr 2002. George Elliman joined the executive team most recently as the Member, Chief Financial Officer, Director Of Business Development.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Gustave Robert Ozag Member, chief financial planning officer 1 Apr 2002 25% - 50% 1142854
Sean Charles Cooper President 1 Apr 2002 25% - 50% 2303884
Charles Sg Bolton Chief executive officer 1 Jul 2002 25% - 50% 1867547
Charles Stedman Garland Bolton Member 1 Jul 2002 25% - 50% 1867547
Sean Charles Cooper Member 1 Mar 2004 25% - 50% 2303884
Sean C Cooper Member 1 Mar 2004 25% - 50% 2303884
George Brown Bolton Member, chief investment officer 1 Apr 2004 25% - 50% 1423421
Bolton Holdings Llc Member 1 Sep 2009 25% - 50% 20-3212745
Christen Leah Hardy Chief compliance officer 1 Feb 2012 Other 6039980
George Elliman Chief financial officer, director of business development 1 Aug 2012 Other 6108313
Gabriella Papesh Chief compliance officer, manager of operations 1 Mar 2013 Other 5333498
George Elliman Member, chief financial officer, director of business development 1 Jan 2015 Other 6108313

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
George Brown Bolton Managing member 1 Sep 2009 75% - 100% 1423421

Based in Santa Monica

The principal office where Westend Capital Management, LLC. performs its advisory services is located at 520 Broadway, Santa Monica, CA 90401 The mailing address of the firm is Po Box 29528, San Francisco, CA 94129. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (415) 856-0426 or by fax (415) 856-0431. The normal business hours are 7:30 a.m.-4:00 p.m. on Monday - Friday. You can find more information about the New York firm at wcmsf.com.