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 located at 4225 Executive Square, La Jolla, CA. The firm employs 166 financial advisors to manage client portfolios and provide financial guidance. Stepstone Group Lp is not a registered broker-dealer.

    Stepstone Group Lp oversees $75.4 billion in assets under management across 308 accounts, of which 273 are discretionary and 35 are non-discretionary. The services offered include portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to high net worth investors, banking institutions, investment companies, business development companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, and corporations, with pooled investment vehicles being the largest client type by accounts. The fee structure at Stepstone Group Lp includes asset-based, fixed, and performance-based fees. The firm has 12 high net worth clients and maintains affiliations with a commodity pool advisor.

    Assets Under Management

    $75.4 billion

    Number of Advisors

    166

    Disclosures

    No

    Office Location

    4225 Executive Square
    La Jolla, CA 92037

    Stepstone Group Lp by the Numbers

    Total Assets Under Management

    $75.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    585

    National Average: 64
    Total Number of Accounts

    308

    National Average: 375,227
    Average Account Size

    $244.8 million

    National Average: $23.0 thousand
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    Products and Services

    Stepstone Group Lp offers a number of financial services, which can consist of portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and selection of other advisers. Notably, Stepstone Group Lp did not provide financial planning services to any of its customers in the previous fiscal year. The Company is not involved in selling products or offering services other than investment advice to its investment advisory clients.

    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

    Fees for financial advisory services usually depend on which service is offered. Fees billed by Stepstone Group Lp can consist of some combination of the following fee types: asset-based, fixed, or performance-based.

    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 company manages money for a broad range of clients. The company works with high net worth investors, banking institutions, investment companies, business development companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, and corporations. Out of its 12 clients, Stepstone Group Lp's largest client type by number of accounts is pooled investment vehicles, but it also manages money for 12 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 3.01%
    • Other Individuals - 0%
    • Corporations - 94.24%
    • Charitable Organizations - 2.76%

    * 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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