Manhattan West Asset Management, LLC

CRD#283630
Investment Advisor Firm

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Overview

Manhattan West Asset Management, LLC operates as a financial advisor firm headquartered in Los Angeles, California. It manages $179.7 million in total assets over 182 accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). The firm has a small group of 18 employees, of which five are financial advisors. Manhattan West Asset Management, 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 must go through a broker-dealer company to do so. Securities are tradable fiscal assets like bonds, stocks and options.

Manhattan West Asset Management, LLC oversees most of the firm's client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes transaction judgments for the client's account without needing to seek the customer's approval. Manhattan West Asset Management, LLC also administers three non-discretionary accounts totaling $6.8 million in assets. The investment advisory firm's typical account size is $987,568. An average advisor at Manhattan West Asset Management, LLC administers about 36 client accounts, placing it towards the middle in terms of personalization.

The firm's central office is located at 1999 Avenue Of The Stars, Los Angeles, California 90067. Manhattan West Asset Management, LLC is legally registered to serve customers throughout a number of states, including California, Connecticut, Florida, New Hampshire and New York.

Assets Under Management

$179.7 million

Number of Advisors

5

Disclosures

No

Office Location

1999 Avenue Of The Stars
Los Angeles, CA 90067

Manhattan West Asset Management, LLC by the Numbers

Total Assets Under Management

$179.7 million

National Average: $3.7 billion
Total Number of Employees

18

National Average: 29
Total Number of Accounts

182

National Average: 2,073
Average Account Size

$987.6 thousand

National Average: $1.8 million

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Products and Services

Manhattan West Asset Management, LLC offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the past financial year, Manhattan West Asset Management, LLC provided financial planning services to 1-10 of its customers. The company does sell products or offer services apart from investment advice to its clients.

Core Advisor Services

  • Offered by 45% of firms

    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.

  • Offered by 62% of firms

    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.

  • Find a firm that offers this service

    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 management largely depend on the type of financial services offered. Fee types charged by the company may include the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

Available

  • Offered by 74% 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 40% of firms

    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.

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 17% of firms that offer this fee type

    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.

  • 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 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 a number of different customers. It caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 182 customers, Manhattan West Asset Management, LLC's largest client group by number of accounts is retail investors, though it also caters to 56 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are non-U.S. persons.

  • High-Net-Worth Individuals* - 30.77%
  • Other Individuals - 45.6%
  • Corporations - 19.23%
  • Charitable Organizations - 4.4%

* 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

Manhattan West Asset Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Manhattan West Asset Management, LLC

Kate Kurz
Los Angeles, CA
Lorenzo Esparza
Los Angeles, CA
Angelica Spielman
Los Angeles, CA
Sofia Azizi
Los Angeles, CA
Robert Wussler Jr.
Los Angeles, CA
Kelley Stanske
Los Angeles, CA
Justin Mccurdy
Los Angeles, CA

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This content was compiled from the SEC and FINRA