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. It handles $1.1 billion in total assets throughout four client accounts, placing it among the bigger firms in the nation by assets under management (AUM). It has a small team of 17 employees, including 16 financial advisors. Longitude Capital Management Co., LLC does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal investments like bonds, stocks and options.

Longitude Capital Management Co., LLC manages all of the company's client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell judgments for the client's account without needing the customer's consent. The advisory firm's typical account size is $265.8 million. The typical financial advisor at Longitude Capital Management Co., LLC oversees fewer than one client account, placing it among the most personalized advisor firms in the country.

The company's central office is located at 2740 Sand Hill Road, Menlo Park, California 94025. It is allowed to provide services to clients throughout a few states, including California, Connecticut and Massachusetts.

Assets Under Management

$1.1 billion

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 Assets Under Management

$1.1 billion

National Average: $3.3 billion
Total Number of Employees

17

National Average: 31
Total Number of Accounts

4

National Average: 1,935
Average Account Size

$265.8 million

National Average: $1.7 million

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Fee Structure

Financial management fees usually are based on the type of financial services offered. Fees charged by the company can include any blend of the following fee types: asset-based or performance-based. The company does not supply a wrap fee program, in which the company offers a bundle of services for a single fee.

Available

  • Offered by 72% 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 35% 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 2% 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 39% 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

The company works with pooled investment vehicles. Out of its four accounts, Longitude Capital Management Co., LLC's biggest client type by number of accounts is pooled investment vehicles. None of the company's clients reside abroad.

  • 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