Longitude Capital Management Co., LLC

CRD#161916
Investment Advisor Firm

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Overview

Longitude Capital Management Co., LLC operates as an advisory firm headquartered in Menlo Park, California. The company manages $1.1 billion in assets under management over four customer accounts, making it one of the bigger firms in the nation by assets under management (AUM). The firm has a small team of 17 employees, sixteen of whom are financial advisors. Longitude Capital Management Co., LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as equities, bonds and options.

Longitude Capital Management Co., LLC manages all of its accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction judgments without needing the client's approval. The company oversees an average of $265.8 million in assets for each account. The average advisor at Longitude Capital Management Co., LLC administers fewer than one client account, making it one of the most personalized firms in the country.

The company's main office is at 2740 Sand Hill Road, Menlo Park, California 94025. Longitude Capital Management Co., LLC is legally allowed to serve clients across 2 states, including California and Connecticut.

Number of Advisors

16

Disclosures

No

Office Location

2740 Sand Hill Road
Menlo Park, CA 94025

Longitude Capital Management Co., LLC by the Numbers

Total Number of Employees

17

National Average: 4,943
Total Number of Accounts

4

National Average: 2,522
Average Account Size

$265.8 million

National Average: $1.3 million

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Fee Structure

Fees for financial advice typically depend on which services the firm provides the client. Fee types charged by Longitude Capital Management Co., LLC likely consist of any combination of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Longitude Capital Management Co., LLC.

Available

  • Offered by 75% 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 17% 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 37% 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 3% 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 1% 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 40% 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 12% 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

It provides services to pooled investment vehicles. Out of its four clients, Longitude Capital Management Co., LLC's biggest client type is pooled investment vehicles. None of the firm's accounts 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

Longitude Capital Management Co., LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA