Peritus I Asset Management, LLC (Santa Barbara)

Name: Peritus I Asset Management, LLC
Address: 1216 State Street, Santa Barbara, CA, 93101
Telephone: 805-882-1100

Peritus I Asset Management, LLC is a large advisory firm based in Santa Barbara. It manages $147.2 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of California.

Peritus I Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Peritus I Asset Management: assets under management

The assets under management (AUM) of Peritus I Asset Management, LLC is $147.2 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -69% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $147.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $147.2 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Peritus I Asset Management, LLC 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 Ronald Jeffery Heller serves?

The firm provides services to investment companies, other investment advisers, and high net worth individuals. The largest group of clients of Ronald Jeffery Heller is investment companies with 1 clients and $147.2 million of assets under management. Among the 10 most similar advisory firms, Peritus I Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $147.2 million for 3 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.

Peritus I Asset Management doesn't advise any private funds.

Careers at Peritus I Asset Management, LLC

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. No 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.

Ronald Jeffery Heller has been acting as President since 1 Jun 2006. Timothy John Gramatovich has served as the Chief Investment Officer since 1 Apr 2004. David Johnston Desmond joined the executive team most recently as the Chief Operating Officer/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Timothy John Gramatovich	Chief investment officer	1 Apr 2004	25% - 50%	1658115
Fred Rifkin	Silent partner	1 Apr 2004	Other	4787149
Heather Rupp	Director	1 Apr 2004	Other	4787154
Ronald Jeffery Heller	President	1 Apr 2004	25% - 50%	2422929
Edgar A. Robie	Managing director and chief compliance officer	1 Apr 2004	Other	4787144
David Johnston Desmond	Chief operating officer	1 Aug 2005	Other	5124751
Ronald Jeffery Heller	President/chief executive officer	1 Jun 2006	25% - 50%	2422929
David Johnston Desmond	Chief operating officer/chief compliance officer	1 Jun 2006	Other	5124751
Jason Lyle Pratt	Managing director	1 Jun 2006	Other	3086055

Based in Santa Barbara

The principal office where Peritus I Asset Management, LLC performs its advisory services is located at 1216 State Street, Santa Barbara, CA 93101 The mailing address of the firm is 1216 State Street, Santa Barbara, CA 93101. An additional office of the firm is in Aurora, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 805-882-1100 or by fax 805-882-1122. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at peritusasset.com.