Light Street Capital Management, LLC

CRD#155215
Investment Advisor Firm

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Learn more about Light Street Capital Management, LLC

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

    • Overview

    Light Street Capital Management, LLC is a financial advisor company located in Palo Alto, California. It manages $861.6 million in assets under management throughout 19 accounts, making it one of the larger firms in the country by assets under management (AUM). The firm has a small group, including 9 financial advisors. Light Street Capital Management, LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as stocks, bonds and options.

    Light Street Capital Management, LLC manages all of its accounts on a discretionary basis. Discretionary management means that buy and sell choices are made by an investment advisor without needing client approval. The advisory firm's average account size is $45.3 million. The average financial advisor at Light Street Capital Management, LLC manages about two client accounts, making it one of the most individualized advisor firms in the country.

    The company's main office is at 505 Hamilton Avenue, Palo Alto, California 94301.

    Assets Under Management

    $861.6 million

    Number of Advisors

    9

    Disclosures

    No

    Office Location

    505 Hamilton Avenue
    Palo Alto, CA 94301

    Light Street Capital Management, LLC by the Numbers

    Total Assets Under Management

    $861.6 million

    National Average: $8.6 billion
    Total Number of Employees

    15

    National Average: 64
    Total Number of Accounts

    19

    National Average: 375,227
    Average Account Size

    $45.3 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees typically vary depending on the services provided. Fee types charged by the firm most likely are comprised of the following fee structures: asset-based or performance-based. The company does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive 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.

    • 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

    It works with pooled investment vehicles. Out of its 19 clients, Light Street Capital Management, LLC's largest client is pooled investment vehicles. About 37% of the company's clients are 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

    Light Street Capital Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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