Clarivest Asset Management LLC (San Diego)

Name: Clarivest Asset Management LLC
Address: 3611 Valley Centre Drive, San Diego, CA, 92130
Telephone: 858-480-2440

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.

Clarivest Asset Management: assets under management

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 firm manages $6.74 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.86 million each.

Clarivest Asset Management has custody of $131 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

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.

What kind of clients Clarivest Asset Management serves?

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.

Careers at Clarivest Asset Management LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Danny Allan Kang	Sole member	1 Feb 2006	75% - 100%	2680496
Stacey Ross Nutt	Chief executive officer, chief investment officer, manager	1 Mar 2006	Other	4079864
Jeff A Jacobson	Chief financial officer, chief operations officer	1 Mar 2006	Other	5114147
David J Pavan	Manager	1 Mar 2006	Other	4540708
David Raymond Vaughn	Manager	1 Mar 2006	Other	2179530
Todd Nathan Wolter	Manager	1 Mar 2006	Other	2642258
Llc Clarivest Management Holdings	Member	1 Mar 2006	50% - 75%	20-4515444
Clarivest Holdings One Inc.	Member	1 Mar 2006	Other	20-4503244
Clarivest Holdings Two Inc.	Member	1 Mar 2006	Other	20-4503310
Stellate Partners Llc	Member	1 Mar 2006	Other	20-2147661
Clarivest Holdings One Llc	Member	1 Mar 2006	Other	20-4503244
Clarivest Holdings Two Llc	Member	1 Mar 2006	Other	20-4503310
James Edward Minnick	Manager	1 Mar 2006	Other	716204
Jennings Jay Newcom	Manager	1 Mar 2006	Other	4358060
Danny Allan Kang	Manager	1 Mar 2006	Other	2680496
Tiffany Ann Ayres	Chief compliance officer, general counsel	1 Jul 2006	Other	5211563
Tiffany Ann Barzal	Chief compliance officer, general counsel	1 Jul 2006	Other	5211563
Eagle Asset Management Inc	Member	1 Dec 2012	25% - 50%	110653
Richard John Rossi	Manager	1 Dec 2012	Other	1291357
James Cooper Abbott	Manager	1 Dec 2012	Other	4441987
Courtland W James	Manager	1 Dec 2012	Other	3226536
Aaron Jon Ochstein	Manager	1 Jan 2017	Other	4592843
Tiffany Ann Ayres	President, chief compliance officer, general counsel, manager	1 Apr 2019	Other	5211563
Eric Christian Wilwant	Manager	1 Apr 2019	Other	2256062

Indirect Owners

The SEC currently registers 24 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Alan James	Chairman ceo	1 Jan 1971	25% - 50%	257119
Lovell Minnick Equity Advisors Ii Llc	General partner	1 Oct 2003	Other	52-2414992
Lovell Minnick Partners Llc	Sole managing member	1 Oct 2003	Other	20-0493456
Lovell Minnick Holdings Llc	Sole managing member	1 Feb 2004	Other	20-0498914
Jeffrey Dale Lovell	Co-managing member	1 Feb 2004	50% - 75%	1095362
James Edward Minnick	Co-managing member	1 Feb 2004	25% - 50%	716204
National Bank Financial Inc.	Shareholder	1 Feb 2004	75% - 100%	foreign
National Bank Financial & Co. Inc.	Shareholder	1 Feb 2004	75% - 100%	foreign
National Bank Group Inc.	Shareholder	1 Feb 2004	75% - 100%	foreign
National Bank Acquisition Holding Inc.	Shareholder	1 Feb 2004	75% - 100%	foreign
National Bank Of Canada	Shareholder	1 Feb 2004	75% - 100%	13-2957778
Paul Richard Greenwood	Member	1 Jan 2005	25% - 50%	4982347
John David Mathai	Member	1 Jan 2005	25% - 50%	1911948
Robert William Mathai	Member	1 Jan 2005	25% - 50%	4370269
Nbf Private Equity Holdings Inc.	Limited partner	1 Mar 2005	25% - 50%	95-4653753
Putnam Lovell Nbf Group Inc.	Shareholder	1 Mar 2005	75% - 100%	94-3283346
Chenyang Frank Feng	Member	1 Mar 2006	Other	5121097
Aerus Tran	Member	1 Mar 2006	Other	5121098
Paul Richard Greenwood	Member	1 Mar 2006	25% - 50%	4982347
Lovell Minnick Equity Partners Ii Lp	Shareholder	1 Mar 2006	75% - 100%	52-2415003
Tiffany Ann Barzal	Member	1 Jan 2007	Other	5211563
Jeff A Jacobson	Member	1 Jan 2007	Other	5114147
Inc. Raymond James Financial	Shareholder	1 Dec 2012	75% - 100%	59-1517485
Inc. Carillon Tower Advisers	Shareholder	1 Nov 2017	75% - 100%	174904

Based in San Diego

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.