Old West Investment Management, LLC

CRD#148343
Investment Advisor Firm

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Overview

Old West Investment Management, LLC operates as an advisory firm headquartered in Los Angeles, California. Old West Investment Management, LLC has $178.2 million in assets across 224 accounts, making it a mid-tier financial advisory firm in the nation by assets under management (AUM). The firm has a small group of six employees, all of whom are financial advisors. Old West Investment Management, LLC is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments such as bonds, options and equities.

Old West Investment Management, LLC oversees 218 of its accounts in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make buy and sell decisions without needing to seek the client's approval. Old West Investment Management, LLC also administers six non-discretionary accounts with a total of $8.4 million in assets. The firm's average account size is $795,657. The average financial advisor at Old West Investment Management, LLC oversees around 37 client accounts, making it about average in terms of personalization.

The company's headquarters is at 601 South Figueroa Street, Los Angeles, California 90017. The company is registered to serve investors in the state of California.

Assets Under Management

$178.2 million

Number of Advisors

6

Disclosures

No

Office Location

601 South Figueroa Street
Los Angeles, CA 90017

Old West Investment Management, LLC by the Numbers

Total Assets Under Management

$178.2 million

National Average: $3.7 billion
Total Number of Employees

6

National Average: 29
Total Number of Accounts

224

National Average: 2,073
Average Account Size

$795.7 thousand

National Average: $1.8 million

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Fee Structure

Financial management fees are based on the type of financial services provided. Fees billed by the company likely include the following fee structures: asset-based or performance-based. Old West Investment Management, LLC participates in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

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 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 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 works with retail investors, high net worth investors, pooled investment vehicles and corporations. Out of its 224 clients, Old West Investment Management, LLC's largest client group is high net worth investors, but it also caters to 155 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). None of the company's clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 69.51%
  • Other Individuals - 22.42%
  • Corporations - 8.07%
  • 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

Old West Investment Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Old West Investment Management, LLC

Chad Cook
Los Angeles, CA
Sheila Cu
Los Angeles, CA

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This content was compiled from the SEC and FINRA