Lodestar Private Asset Management LLC (Alamo)


Lodestar Private Asset Management LLC is a large advisory firm based in Alamo. It manages $455.73 million of regulatory assets for 915 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Oregon, and Washington.

Lodestar Private Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lodestar Private Asset Management: assets under management

The assets under management (AUM) of Lodestar Private Asset Management LLC is $455.73 million. The firm's AUM has grown by 97% since the beginning of its operation, and $5.84 million of the total AUM is attributable to clients outside of the United States.

The firm manages $449.9 million in discretionary accounts and $5.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $492.77 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.92 million.
Lodestar Private Asset Management has custody of $430 million in cash and securities for 228 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lodestar Private Asset Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lodestar Private Asset Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Lodestar Private Asset Management is high net worth individuals with 145 clients and $416.71 million of assets under management. Among the 7 most similar advisory firms, Lodestar Private Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $455.73 million for 242 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Lodestar Private Asset Management doesn't advise any private funds.

Careers at Lodestar Private Asset Management LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 4 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
Henry Anthony Amado Associate principal 1 Jul 1994 Other 2194573
Randall Lewis Manley Principal, chief compliance officer 1 Jan 2000 50% - 75% 1142277
Scott Cameron Miller Principal 1 Jan 2000 Other 1330872
Stephan Alan Werth Associate principal 1 Jan 2006 Other 4137958
Kevin Leverne Gray Principal 1 Jan 2009 Other 2176604
Kevin Leverne Gray Associate principal 1 Oct 2009 Other 2176604
Inc. Manley Group Owner 1 Jan 2015 50% - 75% 35-2341946
Gray Financial Group Owner 1 Jan 2015 25% - 50% 47-2662936
Jurado Financial Owner 1 Jan 2018 Other 81-5162492

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Randall Lewis Manley Owner 1 Jan 2015 75% - 100% 1142277
Kevin Leverne Gray Owner 1 Jan 2015 75% - 100% 2176604
Anthony John Jurado Owner 1 Jan 2017 75% - 100% 4065793

Based in Alamo

The principal office where Lodestar Private Asset Management LLC performs its advisory services is located at 3201 Danville Blvd, Alamo, CA 94507, 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 925-838-1234 or by fax 925-838-1964. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at lodestarpam.com.