Hollencrest Securities, LLC (Newport Beach)

Name: Hollencrest Securities, LLC
Address: 100 Bayview Circle, Newport Beach, CA, 92660 8903
Telephone: 949-737-7700

Hollencrest Securities, LLC is a large advisory firm based in Newport Beach. It manages $1.2 billion of regulatory assets for 600 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Nevada, and Texas.

Hollencrest Securities provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as dist agent for pvt fund.

Hollencrest Securities: assets under management

The assets under management (AUM) of Hollencrest Securities, LLC is $1.2 billion. The firm's AUM has grown by 335% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $689.65 million in discretionary accounts and $508.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.65 million.

Hollencrest Securities has custody of $964.12 million in cash and securities for 236 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is other assets, which make up 22% of the firm’s portfolio. Investments in investment and business development companies form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hollencrest Securities, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hollencrest Securities serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Hollencrest Securities is high net worth individuals with 122 clients and $1.03 billion of assets under management. Among the 9 most similar advisory firms, Hollencrest Securities has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.09 billion for 225 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.

Hollencrest Securities also advises several private funds.

Careers at Hollencrest Securities, LLC

The company employs 17 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 15 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 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
Peter Joseph Pellizzon	Managing member	1 Sep 1998	25% - 50%	1236771
Debasish Banerjee	Finop	1 Oct 1998	Other	1555979
Gregory Paul Pellizzon	Managing member	1 Jan 2000	25% - 50%	712667
Robert Burr Wolford	Municipal ser. principal	1 Jan 2000	25% - 50%	1336627
Dale Vaughn Sefarian	Managing member	1 Jan 2000	25% - 50%	1288019
Peter Joseph Pellizzon	Chief operating officer	1 Jan 2002	25% - 50%	1236771
Joseph Gerald Frolich	Finop - vp operations	1 Dec 2002	Other	2694462
Robert Burr Wolford	Finop	1 Jul 2004	25% - 50%	1336627
Peter Joseph Pellizzon	Chief compliance officer	1 Nov 2004	25% - 50%	1236771
James Jr Konon	Operations manager - aml officer	1 Jul 2006	Other	2386644
James Konon	Vice president of operations, aml officer, ciso	1 Jul 2006	Other	2386644
Peter Joseph Pellizzon	Rosfp	1 Jun 2008	25% - 50%	1236771
James Jr Konon	Rosfp	1 Aug 2008	Other	2386644
Michael Ashley Schulman	Managing director	1 Mar 2009	Other	5044091
Ianthe Nicole Vipperman	Compliance manager	1 Feb 2017	Other	xxx-xx-xxxx
Ianthe Nicole Vipperman	Chief compliance officer	1 Jan 2018	Other	3001809
Susan Marie Nakamura	Senior vice president portfolio administration	1 Mar 2018	Other	1708693

Based in Newport Beach

The principal office where Hollencrest Securities, LLC performs its advisory services is located at 100 Bayview Circle, Newport Beach, CA 92660 8903, 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 949-737-7700 or by fax 949-737-7703. The normal business hours are 6am-5pm on Monday - Friday. You can find more information about the New York firm at hollencrest.com.