Leisure Capital Management, Inc. (Costa Mesa)

Name: Leisure Capital Management, Inc.
Address: 650 Town Center Dr., Costa Mesa, CA, 92626 1989
Telephone: (714) 384-4050

Leisure Capital Management, Inc. is a large advisory firm based in Costa Mesa. It manages $364.73 million of regulatory assets for 269 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Louisiana, Massachusetts, New Hampshire, and Texas.

Leisure Capital Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Leisure Capital Management: assets under management

The assets under management (AUM) of Leisure Capital Management, Inc. is $364.73 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 629% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $364.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.36 million each.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Leisure Capital Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Leisure Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Leisure Capital Management is high net worth individuals with 125 clients and $208.51 million of assets under management. Among the 7 most similar advisory firms, Leisure Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $353.64 million for 258 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.

Leisure Capital Management doesn't advise any private funds.

Careers at Leisure Capital Management, Inc.

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Marr Neumann Leisure	President, cco, cio, co-trustee of the leisure family trust dated 05/19/1995	1 Mar 2002	75% - 100%	1437898
The Leisure Family Trust Dated 05/19/1995	Shareholder	1 Mar 2002	75% - 100%	xxx-xx-xxxx
Anne Porter Leisure	Co-trustee of the leisure family trust dated 05/19/1995	1 Mar 2002	75% - 100%	6459782
Marr N. Leisure	President	1 Mar 2002	75% - 100%	xxx-xx-xxxx
The Leisure Family Trust Dated 5/19/95	Shareholder	1 Mar 2002	75% - 100%	xxx-xx-xxxx
Raymond Mc Ferren Robinson	Treasurer, board of directors	1 Dec 2011	Other	5308038
Gideon Samuel Bernstein	Secretary/board of directors (since 2011), co-trustee of the bernstein family trust dated 12/17/2010 (since 2014)	1 Dec 2011	Other	2530560
Raymond M Robinson	Treasurer, board of directors	1 Dec 2011	Other	5308038
The Bernstein Family Trust Dated 12/17/2010	Shareholder	1 Aug 2014	Other	xxx-xx-xxxx
Jeanne Ellen Pepper	Co-trustee of the bernstein family trust dated 12/17/2010	1 Aug 2014	Other	6460304

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Gideon Samuel Bernstein	Trustee	1 Aug 2014	Other	2530560

Based in Costa Mesa

The principal office where Leisure Capital Management, Inc. performs its advisory services is located at 650 Town Center Dr., Costa Mesa, CA 92626 1989, 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 (714) 384-4050 or by fax (714) 384-4051. 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 leisurecapital.net.