Calmwater Asset Management, LLC (Los Angeles)
Calmwater Asset Management, LLC is a large advisory firm based in Los Angeles. It manages $851.57 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Connecticut, and New York.
Calmwater Asset 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.
Calmwater Asset Management: assets under management
The assets under management (AUM) of Calmwater Asset Management, LLC is $851.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 19% since the beginning of its operation, and $410.95 million of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Calmwater Asset Management, LLC for their services and products based on a percentage of assets under management and 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 David Matthew Traversi serves?
The only and largest group of clients of David Matthew Traversi is pooled investment vehicles with 5 clients and $851.57 million of assets under management. Among the 8 most similar advisory firms, Calmwater Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $851.57 million for 5 clients. 60% of the firm’s clients are foreign persons or businesses.
Calmwater Asset Management also advises several private funds. Namely, three real estate funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
Careers at Calmwater Asset Management, LLC
The company employs 21 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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.
David Matthew Traversi has been acting as President since 1 Apr 2015. Dean Kao Chang joined the executive team most recently as the General Counsel & Chief Compliance Officer.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 1 indirect owner.Based in Los Angeles
The principal office where Calmwater Asset Management, LLC performs its advisory services is located at 11755 Wilshire Boulevard, Los Angeles, CA 90025, which is also the mailing address of the firm. An additional office of the firm is in Rye, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-806-9770 or by fax 310-806-9799. The normal business hours are 8:00 a.m. 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at calmwatercapital.com.
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