Morton Capital Management, LLC (Calabasas)


Morton Capital Management, LLC is a large advisory firm based in Calabasas. It manages $1.76 billion of regulatory assets for 2,661 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Morton Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Morton Capital Management: assets under management

The assets under management (AUM) of Morton Capital Management, LLC is $1.76 billion. The firm's AUM has grown by 33% since the beginning of its operation, and $1.92 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.69 billion in discretionary accounts and $71.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $638.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.99 million.
Morton Capital Management has custody of $710.76 million in cash and securities for 357 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 54% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 35% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Morton Capital Management, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Morton Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Morton Capital Management is high net worth individuals with 522 clients and $1.41 billion of assets under management. Among the 10 most similar advisory firms, Morton Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.76 billion for 951 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.

Morton Capital Management doesn't advise any private funds.

Careers at Morton Capital Management, LLC

The company employs 35 people that are either part- or full-time employees. 51 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Lon (Nmn) Morton Chief executive officer & manager 1 Jul 2006 25% - 50% 1846758
Priscilla Ann Brehm Senior vice president 1 Jul 2006 Other 1017559
Jason Reeves Naiman Senior vice president 1 Jul 2006 Other 344667
Eric Jay Selter Senior vice president, chief operating officer, & manager 1 Jul 2006 Other 3129445
Jeffrey Sarti Co-president & manager 1 Oct 2013 Other 4837493
Meghan Hillary Pinchuk Co-president & manager 1 Oct 2013 Other 5663304
Eric And Lynn Selter Family Trust Owner 1 Oct 2013 Other xxx-xx-xxxx
Morton Family Trust Owner 1 Oct 2013 25% - 50% xxx-xx-xxxx
The Sarti Trust Owner 1 Oct 2013 25% - 50% xxx-xx-xxxx
Diana Louise Hadjes Pereira Chief compliance officer 1 Feb 2014 Other 5652407
Joseph Alan Seetoo Senior vice president 1 Apr 2016 Other 3226747
C Ii Trust Owner 1 Apr 2016 Other xxx-xx-xxxx
Jennifer Seetoo Trustee- the c-ii trust 1 Apr 2016 Other 6921043
Sara Sarti Trustee- the sarti trust 1 Jun 2017 Other 6920230
Stacey Lynn Mckinnon Chief operating officer 1 Dec 2017 Other 6526531

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Lynn Marie Selter Trustee 1 Oct 2013 Other 6258319
Lon (Nmn) Morton Trustee 1 Oct 2013 Other 1846758
Roxanna Faye Morton Trustee 1 Oct 2013 Other 1846777
Sara Sarti Trustee 1 Oct 2013 Other 6920230

Based in Calabasas

The principal office where Morton Capital Management, LLC performs its advisory services is located at 27200 Agoura Road, Suite 200, Calabasas, CA 91301, which is also the mailing address of the firm. An additional office of the firm is in Santa Barbara, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 818-222-4727 or by fax 818-222-8457. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mortoncapital.com.