Old West Investment Management, LLC (Los Angeles)

Name: Old West Investment Management, LLC
Address: 601 South Figueroa Street, Los Angeles, CA, 90017
Telephone: (213) 943-1740

Old West Investment Management, LLC is a large advisory firm based in Los Angeles. It manages $175.73 million of regulatory assets for 254 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of California.

Old West Investment Management provides portfolio management for individuals and small businesses, 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.

Old West Investment Management: assets under management

The assets under management (AUM) of Old West Investment Management, LLC is $175.73 million. The firm's AUM has grown by 220% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $168.81 million in discretionary accounts and $6.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $680.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.15 million.

Old West Investment Management has custody of $110.69 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Old West Investment 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 Old West Investment Management serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Old West Investment Management is pooled investment vehicles with 6 clients and $110.69 million of assets under management. Among the 10 most similar advisory firms, Old West Investment Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $175.27 million for 253 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.

Old West Investment Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.

Careers at Old West Investment Management, LLC

The company employs 6 people that are either part- or full-time employees. 100 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Michael Boskovich	Managing member	1 Aug 2008	25% - 50%	4445041
Joseph Michael Boskovich	Managing member	1 Oct 2008	Other	4672909
Spencer Bradley Mccroskey	Managing member	1 Oct 2008	Other	5605393
Joseph M. Boskovich	Chief marketing officer & executive member	1 Oct 2008	Other	4672909
David Carroll Brown	Vice chairman & executive member	1 Oct 2008	Other	32129
Stephen Blass	Executive member	1 Oct 2008	Other	5605392
Spencer B. Mccroskey	Chief financial officer & executive member	1 Oct 2008	Other	5605393
Jeffrey Winn	Chief compliance officer & chief technology officer	1 Oct 2008	Other	5605394
Chad William Cook	Managing member and chief compliance officer	1 Feb 2009	Other	5073138
Chad W. Cook	Chief compliance officer, chief operating officer & executive member	1 Feb 2009	Other	5073138
Sheila Eileen Cu	Elected manager	1 Aug 2013	Other	4147439
Spencer Bradley Mccroskey	Non-managing member	1 Sep 2016	Other	5605393

Based in Los Angeles

The principal office where Old West Investment Management, LLC performs its advisory services is located at 601 South Figueroa Street, Los Angeles, CA 90017, 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 (213) 943-1740 or by fax (213) 943-1741. The normal business hours are 6:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at oldwestim.com.