Sharper & Granite LLC (El Segundo)

Name: Sharper & Granite LLC
Address: 400 Continental Plaza, El Segundo, CA, 90245
Telephone: 310-426-2909

Sharper & Granite LLC is a large advisory firm based in El Segundo. It manages $152.33 million of regulatory assets for 320 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of California.

Sharper & Granite provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and portfolio consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sharper & Granite: assets under management

The assets under management (AUM) of Sharper & Granite LLC is $152.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 50% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $152.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $476.02 thousand each.

Sharper & Granite has custody of $93.66 million in cash and securities for 41 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in state and local bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sharper & Granite LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Sharper & Granite serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sharper & Granite is high net worth individuals with 28 clients and $128 million of assets under management. Among the 9 most similar advisory firms, Sharper & Granite has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $144.53 million for 88 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.

Sharper & Granite doesn't advise any private funds.

Careers at Sharper & Granite LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 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
Christopher Thomas Casanega	Managing director & chief compliance officer	1 Mar 2003	75% - 100%	5014713

Based in El Segundo

The principal office where Sharper & Granite LLC performs its advisory services is located at 400 Continental Plaza, El Segundo, CA 90245, 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 310-426-2909 or by fax 310-426-2001. The normal business hours are 10am - 5pm on Monday - Friday. You can find more information about the New York firm at sharpergranite.com.