Levasseur Capital Partners LLC (Newport Beach)
Levasseur Capital Partners LLC is a large advisory firm based in Newport Beach. It manages $119.07 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.
Levasseur Capital Partners provides portfolio management for individuals and small businesses and 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.
Levasseur Capital Partners: assets under management
The assets under management (AUM) of Levasseur Capital Partners LLC is $119.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in government bonds the most. They account for 35% of the total AUM. The second-largest asset type is state and local bonds, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Levasseur Capital Partners LLC for their services and products based on a percentage of assets under management and performance-based 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 Levasseur Capital Partners serves?
The only and largest group of clients of Levasseur Capital Partners is pooled investment vehicles with 2 clients and $59.8 million of assets under management. Among the 8 most similar advisory firms, Levasseur Capital Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $59.8 million for 2 clients. None of the firm’s clients are foreign persons or businesses.
Levasseur Capital Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
Careers at Levasseur Capital Partners LLC
The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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
Indirect Owners
The SEC currently registers 1 indirect owner.Based in Newport Beach
The principal office where Levasseur Capital Partners LLC performs its advisory services is located at 610 Newport Center Drive, Newport Beach, CA 92660, 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 949-729-1700 or by fax 949-729-1705. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at levasseurcapital.com.
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