Ocean Park Asset Management, Inc. (Santa Monica)

Name: Ocean Park Asset Management, Inc.
Address: 3420 Ocean Park Blvd, Santa Monica, CA, 90405
Telephone: 310-452-1887

Ocean Park Asset Management, Inc. is a large advisory firm based in Santa Monica. It manages $147.47 million of regulatory assets for 830 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 7 other states.

Ocean Park Asset Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ocean Park Asset Management: assets under management

The assets under management (AUM) of Ocean Park Asset Management, Inc. is $147.47 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 707% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $147.47 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $177.68 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ocean Park Asset Management, Inc. 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 Kenneth Lee Sleeper serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kenneth Lee Sleeper is individuals with 762 clients and $85.84 million of assets under management. Among the 8 most similar advisory firms, Ocean Park Asset Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $145.4 million for 810 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.

Ocean Park Asset Management doesn't advise any private funds.

Careers at Ocean Park Asset Management, Inc.

The company employs 2 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 are 92 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.

Kenneth Lee Sleeper has been acting as President since 1 Oct 1989. Phyllis Joy Bunzel joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Lee Sleeper	Sr. vice president/director	1 Oct 1989	50% - 75%	1238247
David Chandler Wright	President/director	1 Oct 1989	50% - 75%	1466125
Paul Alan Merriman	Executive officer/director	1 Oct 1989	25% - 50%	1439038
Inc. Merriman Capital Management	Direct owner	1 Oct 1989	25% - 50%	91-1206407
David C. Wright	President/director	1 Oct 1989	25% - 50%	1466125
Phyllis Joy Bunzel	Chief compliance officer	1 Jul 2011	Other	729605

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Paul Merriman	Indirect owner	1 Oct 1989	25% - 50%	91-1206407
Jeffrey Alan Cohenmerriman	Indirect owner	1 Apr 1993	25% - 50%	1917016

Based in Santa Monica

The principal office where Ocean Park Asset Management, Inc. performs its advisory services is located at 3420 Ocean Park Blvd, Santa Monica, CA 90405, 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 310-452-1887 or by fax 310-452-2680. The normal business hours are 8:30a.m. to 5:00pm on Monday - Friday. You can find more information about the New York firm at oceanparkam.com/.