Opengate Capital Management, LLC
Learn more about Opengate Capital Management, LLC
Opengate Capital Management, LLC is a financial advisor company located in Los Angeles, California. Opengate Capital Management, LLC controls $1.1 billion in total assets across six customer accounts, placing it among the bigger firms in the nation by assets under management (AUM). Opengate Capital Management, LLC has a small team of 24 employees, including 20 financial advisors. Opengate Capital Management, LLC does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like equities, bonds and options.
Opengate Capital Management, LLC manages all of its client assets in a discretionary manner. Discretionary management is a structure in which buy and sell decisions are made by a portfolio manager without needing client consent. The investment advisory firm oversees an average of $181.6 million for each account. An average financial advisor at Opengate Capital Management, LLC oversees fewer than one client account, making it one of the most personalized financial advisor firms in the country.
The firm's central office is located at 10250 Constellation Boulevard, Suite 3000, Los Angeles, California 90067. Opengate Capital Management, LLC is legally allowed to serve investors in the state of California.
Assets Under Management
Number of Advisors
Opengate Capital Management, LLC by the Numbers
Find a dedicated advisor for your needs
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Fees charged by financial advisors usually vary depending on the type of financial services offered. However, fees billed by Opengate Capital Management, LLC likely consist of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Offered by 74% of firms
Percentage of AssetsShow 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
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 35% of firms that offer this fee type
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
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
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 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
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
Opengate Capital Management, LLC caters to pooled investment vehicles. Out of its six clients, Opengate Capital Management, LLC's biggest client type by number of accounts is pooled investment vehicles. Around 100% of its customers are non-U.S. persons.
- 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.
Find an advisor who will work directly with you
Opengate Capital Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.