Litman Gregory Asset Management, LLC is a large advisory firm based in Walnut Creek. It manages $4.27 billion of regulatory assets for 1,359 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, Illinois, and 11 other states.
Litman Gregory Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and model portfolio services to banking institutions and other turn-key asset management platforms.. 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 assets under management (AUM) of Litman Gregory Asset Management, LLC is $4.27 billion. The firm's AUM has gone down by -22% since the beginning of its operation, and $23.28 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Litman Gregory Asset Management, LLC for their services and products based on a percentage of assets under management and fixed 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.
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 Litman Gregory Asset Management is high net worth individuals with 291 clients and $1.33 billion of assets under management. Among the 10 most similar advisory firms, Litman Gregory Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.71 billion for 371 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Litman Gregory Asset Management doesn't advise any private funds.
The company employs 56 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 11 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.
The principal office where Litman Gregory Asset Management, LLC performs its advisory services is located at 1676 N. California Blvd., Walnut Creek, CA 94596 4111, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 925-254-8999 or by fax 925-254-0335. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at lgam.com and its LinkedIn profile.