Stepstone Group Real Estate Lp

CRD#281698
Investment Advisor Firm

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Learn more about Stepstone Group Real Estate Lp

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

    • Overview

    Stepstone Group Real Estate Lp is a financial advisory firm located in La Jolla, California. The company has $9.1 billion in assets under management throughout 50 customer accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). Stepstone Group Real Estate Lp has an average-sized team, including 52 financial advisors. Stepstone Group Real Estate Lp does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as stocks, options and bonds.

    Stepstone Group Real Estate Lp oversees more than half of the firm's client assets on a discretionary basis. Discretionary management means that buy and sell decisions are made by a portfolio manager without needing to seek the client's authorization. The company also oversees four non-discretionary accounts totaling $1.5 billion in AUM. Stepstone Group Real Estate Lp's average account size is $182.9 million. The typical financial advisor at Stepstone Group Real Estate Lp administers fewer than one client account, placing it among the most individualized financial advisor firms in the country.

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

    Assets Under Management

    $9.1 billion

    Number of Advisors

    52

    Disclosures

    No

    Office Location

    4225 Executive Square
    La Jolla, CA 92037

    Stepstone Group Real Estate Lp by the Numbers

    Total Assets Under Management

    $9.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    68

    National Average: 64
    Total Number of Accounts

    50

    National Average: 375,227
    Average Account Size

    $182.9 million

    National Average: $23.0 thousand
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    Products and Services

    Stepstone Group Real Estate Lp offers a number of services, which can include portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services and selection of other advisers. The company is not involved in selling products or offering services other than investment advice 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 management fees usually depend on the financial services provided. However, fees billed by the firm can include the following fee types: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Stepstone Group Real Estate Lp.

    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 does business with a number of different clients. The company works with banking institutions, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers and insurance companies. Out of its 50 clients, Stepstone Group Real Estate Lp's biggest client type is pooled investment vehicles. About 34% of the company's clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 98.48%
    • Charitable Organizations - 1.52%

    * 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 Real Estate Lp does not have any disclosures.

    Please visit its Form ADV for more details.

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