California Capital Management

CRD#130734
Investment Advisor Firm

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Overview

California Capital Management operates as an advisory company that has its headquarters in Sherman Oaks, California. It has $259.5 million in assets over 1,136 customer accounts, making it a mid-tier firm in the country by assets under management (AUM). The company has a small team, including 4 financial advisors. California Capital Management does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments like options, equities and bonds.

California Capital Management administers more than half of its client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor makes transaction judgments for the client's account without needing to seek client permission. The firm also has 12 non-discretionary accounts with a total of $278,758 in assets under management. The firm administers an average of $228,412 in assets for each client account. An average advisor at California Capital Management administers about 284 client accounts.

The firm's headquarters is at 15233 Ventura Blvd, Sherman Oaks, California 91403. It is legally allowed to provide services to clients throughout 9 states, including Arizona, California, Florida, Hawaii, Nevada, New York, Oregon, Texas and Washington.

Assets Under Management

$259.5 million

Number of Advisors

4

Disclosures

No

Office Location

15233 Ventura Blvd
Sherman Oaks, CA 91403

California Capital Management by the Numbers

Total Assets Under Management

$259.5 million

National Average: $8.6 billion
Total Number of Employees

10

National Average: 64
Total Number of Accounts

1,136

National Average: 375,227
Average Account Size

$228.4 thousand

National Average: $23.0 thousand
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Products and Services

California Capital Management provides a variety of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and pension consulting services. Notably, the firm did not provide any of its clients with financial planning services in the last fiscal year. It does sell products or offer services apart from investment advice to its customers.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Fees for financial advisory services typically are based on the type of services offered. However, fees billed by California Capital Management most likely are comprised of any combination of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by California Capital Management.

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.

  • Offered by 21% of firms

    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.

  • Offered by 32% of firms

    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.

Unavailable

  • 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 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

California Capital Management works with retail investors and high net worth investors. Out of its 1,136 clients, California Capital Management's largest client group by number of accounts is retail investors, although it also caters to 116 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 25.95%
  • Other Individuals - 74.05%
  • 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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Disclosures

California Capital Management does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at California Capital Management

Alexis Cole
Sherman Oaks, CA
Emily Logan
Sherman Oaks, CA
Bradley Salo
Sherman Oaks, CA
Gregory Zedlar
North Hollywood, 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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