Ascendant Capital Management, LLC

CRD#174260
Investment Advisor Firm

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Overview

Ascendant Capital Management, LLC operates as a financial advisory company located in Los Angeles, California. The firm has $123.0 million in total assets over two customer accounts, placing it in the mid-tier of financial advisory firms in the United States by assets under management (AUM). The company has a small group, including 4 financial advisors. Ascendant Capital Management, LLC does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like bonds, options and equities.

Ascendant Capital Management, LLC manages all of the firm's accounts on a discretionary basis. Discretionary management means that buy and sell choices for the client's account are made by an investment advisor without requiring client authorization. The advisory firm's average account size is $61.5 million. An average financial advisor at Ascendant Capital Management, LLC manages fewer than one client account, making it one of the most individualized financial advisor firms in the country.

The company's central office is located at 10866 Wilshire Blvd., Los Angeles, California 90024. Ascendant Capital Management, LLC is legally allowed to provide services to customers in the state of California.

Assets Under Management

$123.0 million

Number of Advisors

4

Disclosures

No

Office Location

10866 Wilshire Blvd.
Los Angeles, CA 90024

Ascendant Capital Management, LLC by the Numbers

Total Assets Under Management

$123.0 million

National Average: $8.6 billion
Total Number of Employees

7

National Average: 64
Total Number of Accounts

2

National Average: 375,227
Average Account Size

$61.5 million

National Average: $23.0 thousand
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Fee Structure

Financial management fees usually are based on which services the firm provides the client. Fees billed by the company typically consist of the following fee structure: asset-based. The firm does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm caters to investment companies. Out of its two customers, Ascendant Capital Management, LLC's biggest client by number of accounts is investment companies. None of the company's customers reside abroad.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • 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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Disclosures

Ascendant Capital Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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