Crescent Capital Group Lp

CRD#153966
Investment Advisor Firm

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Overview

Crescent Capital Group Lp operates as an advisory company headquartered in Los Angeles, California. Crescent Capital Group Lp manages $43.2 billion in total assets over 151 customer accounts, placing it among the largest firms in the United States by assets under management (AUM). It has a large group, including 106 financial advisors. Crescent Capital Group Lp does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments such as stocks, bonds and options.

Crescent Capital Group Lp manages the majority of the company's accounts in a discretionary manner. Discretionary management is a structure in which transaction choices are made by a portfolio manager without requiring client consent. The firm also manages one non-discretionary accounts totaling $472.0 million in AUM. Crescent Capital Group Lp oversees an average of $286.2 million in assets for every account. The average advisor at Crescent Capital Group Lp oversees about one client account, placing it among the most personalized firms in the country.

The company's headquarters is at 11100 Santa Monica Blvd., Los Angeles, California 90025. The company is legally permitted to provide services to investors throughout 3 states, including California, Massachusetts and New York.

Assets Under Management

$43.2 billion

Number of Advisors

106

Disclosures

No

Office Location

11100 Santa Monica Blvd.
Los Angeles, CA 90025

Crescent Capital Group Lp by the Numbers

Total Assets Under Management

$43.2 billion

National Average: $8.6 billion
Total Number of Employees

212

National Average: 64
Total Number of Accounts

151

National Average: 375,227
Average Account Size

$286.2 million

National Average: $23.0 thousand
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Fee Structure

Financial advisory fees are based on which services are offered. However, fee types charged by the firm can include the following fee types: asset-based or performance-based. 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 26% of firms

    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.

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 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 works with a number of different investors. Crescent Capital Group Lp works with pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds and corporations. Out of its 151 clients, Crescent Capital Group Lp's biggest client group is pooled investment vehicles. About 40% of the firm's accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 98.65%
  • Charitable Organizations - 1.35%

* 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

Crescent Capital Group Lp does not have any disclosures.

Please visit its Form ADV for more details.

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