Solace Capital Partners, L.P

CRD#175319
Investment Advisor Firm

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Learn more about Solace Capital Partners, L.P

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

    Solace Capital Partners, L.P is a financial advisory company located in Los Angeles, California. The firm manages $551.4 million in assets over one client account, placing it among the larger investment advisory firms in the country by assets under management (AUM). The firm has a small group of 14 employees, eleven of whom are financial advisors. Solace Capital Partners, L.P does not act as a registered broker-dealer, meaning it is not able to 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 tradable fiscal investments such as options, bonds and equities.

    Solace Capital Partners, L.P manages all of its client assets on a discretionary basis. Discretionary management signifies that buy and sell decisions are made by a portfolio manager without needing to seek client consent. The advisory firm's typical account size is $551.4 million. The typical financial advisor at Solace Capital Partners, L.P manages fewer than one client account, placing it among the most individualized advisor firms in the country.

    The firm's main office is located at 11111 Santa Monica Boulevard, Los Angeles, California 90025.

    Assets Under Management

    $551.4 million

    Number of Advisors

    11

    Disclosures

    No

    Office Location

    11111 Santa Monica Boulevard
    Los Angeles, CA 90025

    Solace Capital Partners, L.P by the Numbers

    Total Assets Under Management

    $551.4 million

    National Average: $3.7 billion
    Total Number of Employees

    14

    National Average: 29
    Total Number of Accounts

    1

    National Average: 2,073
    Average Account Size

    $551.4 million

    National Average: $1.8 million

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    Fee Structure

    A financial advisor's fees typically depend on which service is provided. However, fees billed by the firm most likely include the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

    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 works with pooled investment vehicles. Solace Capital Partners, L.P's biggest client is pooled investment vehicles. None of the firm's customers 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

    Solace Capital Partners, L.P 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