Engine No.1 LLC

CRD#311998
Investment Advisor Firm

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Learn more about Engine No.1 LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Engine No.1 LLC is a financial advisor firm located in San Francisco, California. It handles $299.9 million in assets over three 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 11 financial advisors. Engine No.1 LLC does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets like bonds, stocks and options.

    Engine No.1 LLC administers all of the company's accounts on a discretionary basis. Discretionary management signifies that buy and sell judgments for the client's account are made by a portfolio manager without needing client authorization. The investment advisory firm's typical account size is $100.0 million. An average advisor at Engine No.1 LLC manages fewer than one client account, placing it among the most personalized financial advisor firms in the country.

    The firm's headquarters is located at 710 Sansome Street, San Francisco, California 94111. The firm is legally permitted to serve clients in the state of California.

    Assets Under Management

    $299.9 million

    Number of Advisors

    11

    Disclosures

    No

    Office Location

    710 Sansome Street
    San Francisco, CA 94111

    Engine No.1 LLC by the Numbers

    Total Assets Under Management

    $299.9 million

    National Average: $8.6 billion
    Total Number of Employees

    33

    National Average: 64
    Total Number of Accounts

    3

    National Average: 375,227
    Average Account Size

    $100.0 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees typically are based on which services the firm provides the client. However, fee types billed by Engine No.1 LLC can be comprised of some blend of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided 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.

    Back to Overview

    Types of Clients

    The firm works with pooled investment vehicles. Out of its three customers, Engine No.1 LLC's largest client type by number of accounts is pooled investment vehicles. Around 33% of the company's clients are represented by non-U.S. persons.

    • 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

    Engine No.1 LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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