Sierra Investment Management Inc

CRD#106615
Investment Advisor Firm

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Overview

Sierra Investment Management Inc operates as a financial advisor company headquartered in Santa Monica, California. The company has $415.6 million in total assets over 996 customer accounts, making it one of the larger financial advisory firms in the United States by assets under management (AUM). The firm has an average-sized group, including 8 financial advisors. Sierra Investment Management Inc does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial investments like stocks, options and bonds.

Sierra Investment Management Inc administers all of its accounts in a discretionary manner. Discretionary management signifies that transaction choices for the client's account are made by an investment advisor without requiring client permission. The investment advisory firm's average account size is $417,300. The average financial advisor at Sierra Investment Management Inc administers about 125 client accounts.

Sierra Investment Management Inc's headquarters is located at 3420 Ocean Park Blvd, Ste 3060, Santa Monica, California 90405. It is allowed to serve investors across a number of states, including California, Florida, Nevada, Pennsylvania, Texas and Washington.

Assets Under Management

$415.6 million

Number of Advisors

8

Disclosures

No

Office Location

3420 Ocean Park Blvd, Ste 3060
Santa Monica, CA 90405

Sierra Investment Management Inc by the Numbers

Total Assets Under Management

$415.6 million

National Average: $8.6 billion
Total Number of Employees

40

National Average: 64
Total Number of Accounts

996

National Average: 375,227
Average Account Size

$417.3 thousand

National Average: $23.0 thousand
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Fee Structure

Financial management fees typically depend on which service is offered. However, fee types charged by Sierra Investment Management Inc can include any combination of the following fee structures: asset-based or performance-based. Sierra Investment Management Inc does not provide a wrap fee program, in which the company offers a service bundle 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.

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Types of Clients

Sierra Investment Management Inc works with a broad range of clients. The firm works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 996 clients, Sierra Investment Management Inc's biggest client is retail investors, though it also serves 96 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 23.53%
  • Other Individuals - 74.02%
  • Corporations - 2.21%
  • Charitable Organizations - 0.25%

* 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

Sierra Investment Management Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Sierra Investment Management Inc

Gayatri Vyas
Santa Monica, CA
Samar Nasiri
Santa Monica, CA
Michael Cramer
Irvine, CA
Jason Buck
Santa Monica, CA
Thomas Giardino
Santa Monica, CA
Colin Barber
Santa Monica, CA
Sean Pham
Santa Monica, CA
William Phillips Iii
Highland Park, IL
Phyllis Leibman
Santa Monica, CA

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