Sofinnova Investments, Inc

CRD#160297
Investment Advisor Firm

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Overview

Sofinnova Investments, Inc operates as a financial advisory firm based in Menlo Park, California. The firm has $2.1 billion in assets under management over nine accounts, placing it among the biggest investment advisory firms in the country by assets under management (AUM). Sofinnova Investments, Inc has a small group of 28 employees, of which 13 are financial advisors. Sofinnova Investments, Inc is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets like equities, options and bonds.

Sofinnova Investments, Inc administers all of the company's accounts in a discretionary manner. Discretionary management is a structure in which transaction decisions for the client's account are made by a portfolio manager without needing to seek client approval. The advisory firm manages an average of $231.3 million in assets for each client account. The typical advisor at Sofinnova Investments, Inc administers fewer than one client account, making it one of the most individualized firms in the country.

The company's central office is at 3000 Sand Hill Road, Menlo Park, California 94025. It is allowed to serve customers in the state of California.

Assets Under Management

$2.1 billion

Number of Advisors

13

Disclosures

No

Office Location

3000 Sand Hill Road
Menlo Park, CA 94025

Sofinnova Investments, Inc by the Numbers

Total Assets Under Management

$2.1 billion

National Average: $3.3 billion
Total Number of Employees

28

National Average: 31
Total Number of Accounts

9

National Average: 1,935
Average Account Size

$231.3 million

National Average: $1.7 million

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Fee Structure

Financial management fees largely depend on the type of financial services offered. Fee types billed by Sofinnova Investments, Inc can be comprised of some combination of the following fee types: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 72% 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.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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 39% 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.

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Types of Clients

The company works with pooled investment vehicles and corporations. Out of its nine clients, Sofinnova Investments, Inc's biggest client group is pooled investment vehicles. About 44% of its clients are 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

Sofinnova Investments, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA