Santa Barbara Asset Management, LLC

CRD#138123
Investment Advisor Firm

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Overview

Santa Barbara Asset Management, LLC is an advisory company that has its headquarters in Los Angeles, California. The company handles $4.7 billion in assets under management throughout 2,799 client accounts, making it one of the largest financial advisory firms in the nation by assets under management (AUM). The firm has a small group of 23 employees, seven of whom are financial advisors. Santa Barbara Asset Management, LLC does not act as a registered broker-dealer, signifying that the advisor cannot 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 exchangable financial investments such as equities, options and bonds.

Santa Barbara Asset Management, LLC administers all of the firm's accounts in a discretionary manner. Discretionary management means that a portfolio manager makes transaction choices for the client's account without needing the client's permission. The firm's average account size is $1.7 million. The typical advisor at Santa Barbara Asset Management, LLC administers about 400 client accounts.

The firm's central office is located at 2029 Century Park East, Los Angeles, California 90067. It is legally allowed to provide services to customers across 51 U.S. states and territories.

Assets Under Management

$4.7 billion

Number of Advisors

7

Disclosures

No

Office Location

2029 Century Park East
Los Angeles, CA 90067

Santa Barbara Asset Management, LLC by the Numbers

Total Assets Under Management

$4.7 billion

National Average: $3.7 billion
Total Number of Employees

23

National Average: 29
Total Number of Accounts

2,799

National Average: 2,073
Average Account Size

$1.7 million

National Average: $1.8 million

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Fee Structure

Fees for financial advice largely depend on the financial services offered. However, fee types billed by Santa Barbara Asset Management, LLC may include some combination of the following fee structures: asset-based or performance-based. The firm does participate in a wrap fee program, in which the firm offers a bundle of services 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

The firm does business with a number of different investors. The firm provides services to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 2,799 customers, Santa Barbara Asset Management, LLC's largest client group by number of accounts is retail investors, but it also caters to 138 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 4.93%
  • Other Individuals - 89%
  • Corporations - 5.14%
  • Charitable Organizations - 0.93%

* 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

Santa Barbara Asset Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Santa Barbara Asset Management, LLC

Eric Erway
Chicago, IL
Raymond Camacho
Los Angeles, CA
Edward Lamson
Los Angeles, CA
Michele Ormont
Chicago, IL
Christopher Perry
Chicago, IL
Aaron Brunette
Los Angeles, CA

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This content was compiled from the SEC and FINRA