Soma Equity Partners, Lp

CRD#283613
Investment Advisor Firm

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Overview

Soma Equity Partners, Lp operates as a financial advisor firm based in San Francisco, California. The firm oversees $4.0 billion in total assets throughout two client accounts, making it one of the largest firms in the nation by assets under management (AUM). The firm has a small team, including 5 financial advisors. Soma Equity Partners, Lp is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal assets like bonds, options and equities.

Soma Equity Partners, Lp oversees all of its accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell judgments without needing the client's consent. The investment advisory firm supervises an average of $2.0 billion for every account. The typical financial advisor at Soma Equity Partners, Lp administers fewer than one client account, placing it among the most individualized firms in the country.

Soma Equity Partners, Lp’s central office is at 44 Montgomery Street, San Francisco, California 94104. The company is registered to provide services to clients throughout a number of states, including California and Connecticut.

Assets Under Management

$4.0 billion

Number of Advisors

5

Disclosures

No

Office Location

44 Montgomery Street
San Francisco, CA 94104

Soma Equity Partners, Lp by the Numbers

Total Assets Under Management

$4.0 billion

National Average: $9.0 billion
Total Number of Employees

13

National Average: 71,771
Total Number of Accounts

2

National Average: 4,329
Average Account Size

$2.0 billion

National Average: $2.1 million

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Fee Structure

A financial advisor's fees usually are based on which service is offered. However, fees billed by Soma Equity Partners, Lp most likely are comprised of some combination of the following fee types: asset-based or performance-based. The firm does not participate in a wrap fee program, in which the company offers a bundle of services for a single fee.

Available

  • Offered by 70% 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 33% 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

The firm works with pooled investment vehicles. Out of its two customers, Soma Equity Partners, Lp's biggest client by number of accounts is pooled investment vehicles. About 50% of its clients are from outside of the U.S.

  • 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

Soma Equity Partners, Lp does not have any disclosures.

Please visit its Form ADV for more details.

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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