Phocas Financial Corporation

CRD#135470
Investment Advisor Firm

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Learn more about Phocas Financial Corporation

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Phocas Financial Corporation is located at 1080 Marina Village Parkway, Alameda, CA. The firm employs 4 financial advisors to manage client portfolios and provide financial guidance. Phocas Financial Corporation is not a registered broker-dealer.

    Phocas Financial Corporation oversees $795.7 million in assets under management across 69 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for institutional clients. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, charitable organizations, and state or municipal government entities, with retail investors being the largest client type by accounts. The fee structure at Phocas Financial Corporation is asset-based. The firm has 8 high net worth clients.

    Phocas Financial Corporation is registered in the state of California.

    Assets Under Management

    $795.7 million

    Number of Advisors

    4

    Disclosures

    No

    Office Location

    1080 Marina Village Parkway
    Alameda, CA 94501-1001

    Phocas Financial Corporation by the Numbers

    Total Assets Under Management

    $795.7 million

    National Average: $8.6 billion
    Total Number of Employees

    8

    National Average: 64
    Total Number of Accounts

    69

    National Average: 375,227
    Average Account Size

    $11.5 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees largely vary depending on which service is provided. Fees charged by Phocas Financial Corporation typically consist of the following fee structure: asset-based.

    Available

    • Offered by 69% 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.

    Unavailable

    • Find one of the 21% 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 1% 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 26% 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 0% 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 32% 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 10% 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 firm works with a broad range of investors. The firm provides services to retail investors, high net worth investors, investment companies, pooled investment vehicles, charitable organizations, and state or municipal government entities. Out of its 6 clients, Phocas Financial Corporation's biggest client type by number of accounts is state or municipal government entities, though it also serves 8 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 11.59%
    • Other Individuals - 63.77%
    • Corporations - 21.74%
    • Charitable Organizations - 2.9%

    * 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

    Phocas Financial Corporation does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Phocas Financial Corporation

    Kevin Granger
    Alameda, CA
    James Murray
    Alameda, CA
    William Schaff
    Alameda, CA

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