Soma Equity Partners, Lp

CRD#283613
Investment Advisor Firm

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Learn more about Soma Equity Partners, Lp

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

    • Overview

    Soma Equity Partners, Lp is a financial advisor company headquartered in San Francisco, California. The company manages $2.5 billion in assets throughout two client accounts, making it one of the largest financial advisory firms in the United States by assets under management (AUM). The firm has a small group, including 5 financial advisors. Soma Equity Partners, Lp does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets such as options, stocks and bonds.

    Soma Equity Partners, Lp administers all of its accounts on a discretionary basis. Discretionary management is a structure in which transaction judgments are made by a portfolio manager without requiring client consent. The company administers about $1.3 billion for each account. The typical financial advisor at Soma Equity Partners, Lp oversees fewer than one client account, making it one of the most personalized financial advisor firms in the country.

    The firm's headquarters is at 44 Montgomery Street, San Francisco, California 94104. It is legally allowed to provide services to investors across 2 states, including California and Connecticut.

    Assets Under Management

    $2.5 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

    $2.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    13

    National Average: 64
    Total Number of Accounts

    2

    National Average: 375,227
    Average Account Size

    $1.3 billion

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees depend on which services the firm provides the client. Fee types charged by the firm can include some blend of the following fee types: asset-based or performance-based. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a single 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.

    Back to Overview

    Types of Clients

    It provides services to pooled investment vehicles. Out of its two accounts, Soma Equity Partners, Lp's biggest client group by number of accounts is pooled investment vehicles. About 50% of the firm's customers reside abroad.

    • 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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