North Pier Fiduciary Management, LLC (Marina Del Rey)

Name: North Pier Fiduciary Management, LLC
Address: 4333 Admiralty Way, Marina Del Rey, CA, 90292
Telephone: 800-403-7065

North Pier Fiduciary Management, LLC is a large advisory firm based in Marina Del Rey. It manages $1.18 billion of regulatory assets for 47 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California and Texas.

North Pier Fiduciary Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and vendor and advisor search. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

North Pier Fiduciary Management: assets under management

The assets under management (AUM) of North Pier Fiduciary Management, LLC is $1.18 billion. The firm's AUM has grown by 1341% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $318.91 million in discretionary accounts and $863.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.66 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $61.65 million.

North Pier Fiduciary Management has custody of $6.86 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay North Pier Fiduciary Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients North Pier Fiduciary Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of North Pier Fiduciary Management is pension and profit sharing plans with 16 clients and $1.15 billion of assets under management. Among the 8 most similar advisory firms, North Pier Fiduciary Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.18 billion for 36 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.

North Pier Fiduciary Management doesn't advise any private funds.

Careers at North Pier Fiduciary Management, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Brant Jackson Griffin	Member and chief compliance officer	1 Oct 2008	50% - 75%	2692488
James Ira Scheinberg	Member	1 Oct 2008	50% - 75%	2073575

Based in Marina Del Rey

The principal office where North Pier Fiduciary Management, LLC performs its advisory services is located at 4333 Admiralty Way, Marina Del Rey, CA 90292, which is also the mailing address of the firm. An additional office of the firm is in Redwood City, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-403-7065 or by fax 800-403-7065. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at npier.com and its LinkedIn profile.