Metropolitan West Asset Management LLC
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Overview
Metropolitan West Asset Management LLC is a financial advisor firm located in Los Angeles, California. It administers $108.5 billion in assets under management over 154 accounts, placing it among the largest firms in the nation by assets under management (AUM). Metropolitan West Asset Management LLC has a large group, including 91 financial advisors. Metropolitan West Asset Management LLC does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments such as equities, options and bonds.
Metropolitan West Asset Management LLC oversees most of its accounts on a discretionary basis. Discretionary management signifies that transaction decisions for the client's account are made by an investment advisor without needing client authorization. It also administers two non-discretionary accounts totaling $1.1 million in assets under management. Metropolitan West Asset Management LLC's average account size is $701.3 million. The typical advisor at Metropolitan West Asset Management LLC administers around two client accounts, placing it among the most individualized advisor firms in the country.
The company's central office is located at 865 S. Figueroa Street, Los Angeles, California 90017-2593. The firm is allowed to provide services to customers throughout a few states, including California, Florida, Michigan, North Carolina, Texas and Washington.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Metropolitan West Asset Management LLC by the Numbers
$108.5 billion
361
154
$704.5 million
Fee Structure
A financial advisor's fees typically depend on which services the firm provides the client. However, fees charged by the company likely consist of the following fee types: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Metropolitan West Asset Management LLC does business with a broad range of clients. The company provides services to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds and corporations. Out of its 154 clients, Metropolitan West Asset Management LLC's biggest client type by number of accounts is pension plans, but it also caters to one high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management 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). Just 2% of the firm's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 0.76%
- Other Individuals - 0%
- Corporations - 78.63%
- Charitable Organizations - 20.61%
* 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
Metropolitan West Asset Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Metropolitan West Asset Management LLC
Los Angeles, CA
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