The Gores Group, LLC (Beverly Hills)
The Gores Group, LLC is a large advisory firm based in Beverly Hills. It manages $882.17 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Colorado, and Connecticut.
The Gores Group provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The Gores Group: assets under management
The assets under management (AUM) of The Gores Group, LLC is $882.17 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -74% since the beginning of its operation, and $13.67 million of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay The Gores Group, 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 The Gores Group serves?
The only and largest group of clients of The Gores Group is pooled investment vehicles with 12 clients and $882.17 million of assets under management. Among the 7 most similar advisory firms, The Gores Group has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $882.17 million for 12 clients. 50% of the firm’s clients are foreign persons or businesses.
The Gores Group also advises several private funds. Namely, twelve private equity funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.
Careers at The Gores Group, LLC
The company employs 29 people that are either part- or full-time employees. 34 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.
Catherine Joan Pollard joined the executive team most recently as the Chief Financial Officer.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 1 indirect owner.Based in Beverly Hills
The principal office where The Gores Group, LLC performs its advisory services is located at 9800 Wilshire Boulevard, Beverly Hills, CA 90212, which is also the mailing address of the firm. An additional office of the firm is in Boulder, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-209-3010 or by fax 310-209-3310. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at gores.com.
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