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 an advisory firm based in Alameda, California. The firm manages $787.2 million in assets under management over 88 customer accounts, placing it among the larger firms in the country by assets under management (AUM). It has a small team, including 5 financial advisors. Phocas Financial Corporation is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial investments such as bonds, stocks and options.

    Phocas Financial Corporation manages all of its accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes buy and sell choices for the client's account without requiring the client's permission. The firm's typical account size is $8.9 million. An average financial advisor at Phocas Financial Corporation manages about 18 client accounts, placing it among the more individualized firms in the country.

    The company's headquarters is at 1080 Marina Village Parkway, Alameda, California 94501-1001. The company is permitted to serve clients in the state of California.

    Assets Under Management

    $787.2 million

    Number of Advisors

    5

    Disclosures

    No

    Office Location

    1080 Marina Village Parkway
    Alameda, CA 94501-1001

    Phocas Financial Corporation by the Numbers

    Total Assets Under Management

    $787.2 million

    National Average: $8.6 billion
    Total Number of Employees

    10

    National Average: 64
    Total Number of Accounts

    88

    National Average: 375,227
    Average Account Size

    $8.9 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees typically depend on which services the firm provides the client. Fees billed by the company typically consist of the following fee structure: asset-based. The firm does not participate in a wrap fee program, in which the company offers a bundle of services for a single fee.

    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 company does business with a number of different clients. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, charitable organizations and state or municipal government entities. Out of its 88 clients, Phocas Financial Corporation's largest client type is retail investors, but it also caters to 13 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 14.77%
    • Other Individuals - 68.18%
    • Corporations - 15.91%
    • Charitable Organizations - 1.14%

    * 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
    Stephen Block
    Alameda, CA
    William Schaff
    Alameda, CA
    James Murray
    Alameda, CA

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