Stepstone Group Lp

CRD#143635
Investment Advisor Firm

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Learn more about Stepstone Group Lp

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

    • Overview

    Stepstone Group Lp is an advisory firm headquartered in La Jolla, California. The firm oversees $79.1 billion in assets over 277 client accounts, placing it among the biggest financial advisory firms in the United States by assets under management (AUM). It has a large group, including 114 financial advisors. Stepstone Group Lp is not a registered broker-dealer, signifying that it cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable fiscal assets such as options, bonds and stocks.

    Stepstone Group Lp oversees more than half of the firm's accounts on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell choices for the client's account without needing client approval. The company also administers 27 non-discretionary accounts with a total of $6.9 billion in assets under management. The advisory firm's average account size is $285.6 million. The average financial advisor at Stepstone Group Lp administers around two client accounts, placing it among the most personalized firms in the country.

    The company's main office is located at 4225 Executive Square, La Jolla, California 92037.

    Assets Under Management

    $79.1 billion

    Number of Advisors

    114

    Disclosures

    No

    Office Location

    4225 Executive Square
    La Jolla, CA 92037

    Stepstone Group Lp by the Numbers

    Total Assets Under Management

    $79.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    481

    National Average: 64
    Total Number of Accounts

    277

    National Average: 375,227
    Average Account Size

    $285.6 million

    National Average: $23.0 thousand
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    Products and Services

    Stepstone Group Lp offers a variety of services, which can consist of portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services and selection of other advisers. It is not involved in selling products or offering services other than investment advisory services to its investment advisory accounts. The company also has a number of financial industry affiliations, including with a commodity pool advisor.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial advisory fees largely vary depending on the services offered. However, fee types billed by the firm can be comprised of the following fee structures: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

    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.

    • Offered by 32% of firms

      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.

    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 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 277 clients, Stepstone Group Lp's largest client group is pooled investment vehicles. Around 38% of its customers are represented by people 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

    Stepstone Group Lp does not have any disclosures.

    Please visit its Form ADV for more details.

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