Calabasas Advisory Group, LLC (Westlake Village)


Calabasas Advisory Group, LLC is a large advisory firm based in Westlake Village. It manages $125.6 million of regulatory assets for 677 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California and Texas.

Calabasas Advisory Group provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Calabasas Advisory Group: assets under management

The assets under management (AUM) of Calabasas Advisory Group, LLC is $125.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $125.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $185.52 thousand each.
Calabasas Advisory Group has custody of $37.76 million in cash and securities for 203 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Calabasas Advisory Group, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Calabasas Advisory Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Calabasas Advisory Group is individuals with 637 clients and $119.32 million of assets under management. Among the 9 most similar advisory firms, Calabasas Advisory Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $125.6 million for 677 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Calabasas Advisory Group doesn't advise any private funds.

Careers at Calabasas Advisory Group, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jason Nils Semeleng Managing member & chief compliance officer 1 May 2017 50% - 75% 2901578
John Joseph Leach Managing member 1 May 2017 50% - 75% 2318394

Based in Westlake Village

The principal office where Calabasas Advisory Group, LLC performs its advisory services is located at 32107 Lindero Canyon Rd., Ste. 133, Westlake Village, CA 91361, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (818) 512-4622. The normal business hours are 8am - 5:30pm on Monday - Friday. You can find more information about the New York firm at semelengfinancialservice.com.