Makena Capital Management, LLC

CRD#156855
Investment Advisor Firm

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Overview

Makena Capital Management, LLC operates as a financial advisor company headquartered in Menlo Park, California. Makena Capital Management, LLC handles $19.3 billion in assets under management throughout 28 customer accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). The firm has an average-sized group of 76 employees, of which 30 are financial advisors. Makena Capital Management, LLC is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are exchangable financial investments such as stocks, bonds and options.

Makena Capital Management, LLC administers all of the firm's accounts in a discretionary manner. Discretionary management is a structure in which transaction choices for the client's account are made by a portfolio manager without needing client permission. The firm's typical account size is $690.3 million. The average financial advisor at Makena Capital Management, LLC oversees fewer than one client account, making it one of the most personalized advisor firms in the country.

The company's main office is located at 2755 Sand Hill Road, Menlo Park, California 94025. The company is legally allowed to provide services to clients throughout a few states, including California and Virginia.

Number of Advisors

30

Disclosures

No

Office Location

2755 Sand Hill Road
Menlo Park, CA 94025

Makena Capital Management, LLC by the Numbers

Total Number of Employees

76

National Average: 4,943
Total Number of Accounts

28

National Average: 2,522
Average Account Size

$690.3 million

National Average: $1.3 million

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Products and Services

Services that Makena Capital Management, LLC provides include portfolio management for pooled investment vehicles and selection of other advisers. Makena Capital Management, LLC does not sell products or offer services other than investment advice to its investment advisory customers.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial advisory services typically vary depending on which services the firm provides the client. Fees charged by Makena Capital Management, LLC most likely 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 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

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    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.

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    Commissions

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    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.

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    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.

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    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

Makena Capital Management, LLC works with pooled investment vehicles. Out of its 28 customers, Makena Capital Management, LLC's largest client type is pooled investment vehicles. Around 20% of its accounts are from outside of the U.S.

  • 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

Makena Capital Management, 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