Citrine Capital

CRD#171735
Investment Advisor Firm

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Overview

Citrine Capital operates as a financial advisor company based in San Francisco, California. Citrine Capital handles $167.5 million in assets across 575 client accounts, making it a mid-tier firm in the United States by assets under management (AUM). Citrine Capital has a small team, including 4 financial advisors. Citrine Capital is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like stocks, bonds and options.

Citrine Capital administers all of the firm's accounts on a discretionary basis. Discretionary management signifies that a portfolio manager makes transaction judgments without needing to seek the client's approval. The firm's typical account size is $291,301. The typical advisor at Citrine Capital oversees about 144 client accounts.

Citrine Capital's headquarters is located at 535 Mission St, San Francisco, California 94105. It is legally permitted to serve clients across a number of states, including California, Georgia and Texas.

Assets Under Management

$167.5 million

Number of Advisors

4

Disclosures

No

Office Location

535 Mission St
San Francisco, CA 94105

Citrine Capital by the Numbers

Total Assets Under Management

$167.5 million

National Average: $8.6 billion
Total Number of Employees

7

National Average: 64
Total Number of Accounts

575

National Average: 375,227
Average Account Size

$291.3 thousand

National Average: $23.0 thousand
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Products and Services

Citrine Capital provides a variety of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and other services. In the last fiscal year, the firm provided financial planning services to 101-250 of its customers. The firm is not engaged in selling products or offering services other than investment advisory services to its investment advisory clients.

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 management typically depend on the type of services offered. However, fee types charged by Citrine Capital likely are comprised of some blend of the following fee structures: asset-based, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

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 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.

  • Offered by 10% of firms

    Other

    Show Explanation

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

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.

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Types of Clients

It works with retail investors and high net worth investors. Out of its 575 clients, Citrine Capital's biggest client group by number of accounts is retail investors, although it also manages money for 50 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone 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). Just 2% of its customers reside abroad.

  • High-Net-Worth Individuals* - 37.88%
  • Other Individuals - 62.12%
  • 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

Citrine Capital does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Citrine Capital

Kiersten Peshek
San Francisco, CA
Nicholas Loeffelman
Huntington Beach, CA
Ryan Cole
San Francisco, CA
Jirayr Kembikian
San Francisco, CA
Samantha Mockford
Sacramento, CA

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