Redmile Group

CRD#143606
Investment Advisor Firm

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Learn more about Redmile Group

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

    • Overview

    Redmile Group operates as an advisory firm headquartered in San Francisco, California. It handles $7.2 billion in assets under management over 27 customer accounts, placing it among the largest financial advisory firms in the United States by assets under management (AUM). The firm has a small group, including 20 financial advisors. Redmile Group does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable financial assets like bonds, equities and options.

    Redmile Group oversees all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor makes transaction decisions without requiring client approval. The advisory firm's typical account size is $268.0 million. The average financial advisor at Redmile Group oversees around one client account, making it one of the most personalized financial advisor firms in the country.

    The company's main office is located at One Letterman Drive, San Francisco, California 94129. The company is allowed to provide services to clients throughout a few states, including California and New York.

    Assets Under Management

    $7.2 billion

    Number of Advisors

    20

    Disclosures

    No

    Office Location

    One Letterman Drive
    San Francisco, CA 94129

    Redmile Group by the Numbers

    Total Assets Under Management

    $7.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    38

    National Average: 64
    Total Number of Accounts

    27

    National Average: 375,227
    Average Account Size

    $268.0 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management usually depend on the type of financial services offered. However, fee types charged by Redmile Group likely are comprised of any blend of the following fee types: asset-based or performance-based. Redmile Group does not provide a wrap fee program, in which the company offers a bundle of services for a comprehensive 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.

    • Offered by 26% 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 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 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.

    Back to Overview

    Types of Clients

    Redmile Group works with pooled investment vehicles. Out of its 27 customers, Redmile Group's biggest client group is pooled investment vehicles. About 52% of the company's accounts are represented by 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.

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    Disclosures

    Redmile Group does not have any disclosures.

    Please visit its Form ADV for more details.

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