15 Equity
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Learn more about 15 Equity
Overview
15 Equity is an advisory firm located in Santa Barbara, California. The firm oversees $105.4 million in total assets throughout 161 customer accounts, making it a mid-tier firm in the United States by assets under management (AUM). 15 Equity has a small group, including 3 financial advisors. 15 Equity does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like options, bonds and equities.
15 Equity administers more than half of the firm's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction judgments without needing to seek the customer's authorization. The company also has 10 non-discretionary accounts totaling $28.9 million in assets under management. The advisory firm's average account size is $654,837. The typical financial advisor at 15 Equity administers around 54 client accounts, making it about average in terms of personalization.
The firm's central office is at 10 East Yanonali Street, Santa Barbara, California 93101. The company is registered to provide services to customers throughout a number of states, including California, Louisiana and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
15 Equity by the Numbers
$105.4 million
3
161
$654.8 thousand
Fee Structure
Financial management fees usually vary depending on which service is provided. Fee types billed by the company likely include any blend of the following fee structures: asset-based, hourly or fixed. 15 Equity does not provide a wrap fee program, in which the company offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 21% of firms
Hourly
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
15 Equity caters to retail investors and high net worth investors. Out of its 161 accounts, 15 Equity's largest client type by number of accounts is retail investors, although it also manages money for 51 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 32.9%
- Other Individuals - 67.1%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Financial Advisors at 15 Equity
Santa Barbara, CA
Santa Barbara, CA
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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