Lateral Investment Management, LLC (San Mateo)

Name: Lateral Investment Management, LLC
Address: 400 South El Camino Real, San Mateo, CA, 94402
Telephone: 650-396-2200

Lateral Investment Management, LLC is a large advisory firm based in San Mateo. It manages $385.24 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of California.

Lateral Investment Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lateral Investment Management: assets under management

The assets under management (AUM) of Lateral Investment Management, LLC is $385.24 million. The firm's AUM has grown by 102% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $367 million in discretionary accounts and $18.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $61.17 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.65 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lateral Investment Management, LLC for their services and products based on performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lateral Investment Management serves?

The only and largest group of clients of Lateral Investment Management is pooled investment vehicles with 11 clients and $385.24 million of assets under management. Among the 12 most similar advisory firms, Lateral Investment Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $385.24 million for 11 clients. None of the firm’s clients are foreign persons or businesses.

Lateral Investment Management also advises several private funds. Namely, nine other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Lateral Investment Management, LLC

The company employs 12 people that are either part- or full-time employees. 58 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
Dhamitha Richard De Silva	Managing member	1 Oct 2011	50% - 75%	5998887
Kenneth Mitchell Masters	Managing member	1 Dec 2011	25% - 50%	4267443
Patrick James Feeney	Managing director	1 Dec 2016	Other	4814795
Anthony Aragon Lubiano	Chief compliance officer and chief financial officer	1 Nov 2017	Other	6895170
Nicholas Frederick	Chief compliance officer and senior counsel	1 May 2019	Other	5462814

Based in San Mateo

The principal office where Lateral Investment Management, LLC performs its advisory services is located at 400 South El Camino Real, San Mateo, CA 94402, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-396-2200. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at lateralim.com.