Highmark Capital Management, Inc. (San Francisco)


Highmark Capital Management, Inc. is a large advisory firm based in San Francisco. It manages $7.45 billion of regulatory assets for 426 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Highmark Capital Management provides portfolio management for businesses and institutional clients 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.

Highmark Capital Management: assets under management

The assets under management (AUM) of Highmark Capital Management, Inc. is $7.45 billion. The firm's AUM has gone down by -56% since the beginning of its operation, and $7.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $6.73 billion in discretionary accounts and $722.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $18.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.64 million.
Highmark Capital Management has custody of $2.27 billion in cash and securities for 71 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 34% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Highmark Capital Management, Inc. 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 Highmark Capital Management serves?

The firm provides services to insurance companies, charitable organizations, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Highmark Capital Management is corporations or other businesses with 52 clients and $2.52 billion of assets under management. Among the 11 most similar advisory firms, Highmark Capital Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $4.92 billion for 141 clients. 1% of the firm’s clients are foreign persons or businesses.

Highmark Capital Management doesn't advise any private funds.

Careers at Highmark Capital Management, Inc.

The company employs 76 people that are either part- or full-time employees. 53 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
Robert Gregory Knopf Senior vp & managing director 1 Jun 1998 Other 4346986
Jeffrey Lawrence Boyle Managing director & sales manager 1 Oct 1999 Other 4346288
Kevin Allen Rogers Managing director 1 Oct 1999 Other 2224963
Earle Andrew Malm (Ii) President, chief executive officer & chairman of the board 1 Oct 2002 Other 2054022
Christine Weiss Managing director 1 May 2003 Other 2383748
Laurence Reed Senior vp, chief financial officer & secretary 1 Sep 2003 Other 4743556
Pamela Ruddock O'donnell Vp mutual fund administration 1 Oct 2003 Other 1624642
N.A. Mufg Union Bank Sole member 1 Sep 2004 75% - 100% 94-0304228
N.A. Union Bank 100% owner 1 Sep 2004 75% - 100% 94-0304228
Catherine Mary Vacca Senior vp, chief compliance officer & assistant secretary 1 Sep 2004 Other 4316814
David Jonathan Goerz (Iii) Senior vp & chief investment officer 1 Jan 2006 Other 2542377
John Mcinerney Flynn Senior vp, institutional sales & marketing 1 Nov 2009 Other 1866125
Kevin A Rowell Senior vp & managing director 1 Jun 2010 Other 1754089
Jonathan Todd Fayman Senior vp, chief financial officer & secretary 1 Jun 2010 Other 3229692
Dennis Jack Mooradian President & chief executive officer 1 Jul 2012 Other 338698
David Boyd Wines Managing director & chief fixed income officer 1 Dec 2012 Other 2633969
Derek Saint Izuel Managing director & chief equity officer 1 Dec 2012 Other 4657623
Noel Anthony Casale Managing director & chief compliance officer 1 Mar 2013 Other 3002884
Sean Noel Havlin Managing director, chief financial officer & secretary 1 Sep 2014 Other 2558651
Paul Wozniak Chief operating officer 1 Dec 2014 Other 2108587
David Boyd Wines President & chief executive officer & chief fixed income officer 1 Jun 2015 Other 2633969
Michelle Beth Goldfarb Chief compliance officer 1 Jul 2015 Other 4300950
Brian Thomas Applegate Managing director & chief compliance officer 1 Oct 2015 Other 2303021
Dennis Wayne Reichert Director, chief financial officer 1 Oct 2015 Other 1985531
Scott Anthony Glave Director, board of directors 1 Oct 2015 Other 2938367
Allen Pei Shang Shyu Chief financial officer 1 Jun 2018 Other 7022498

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Mufg Americas Holdings Corporation Sole member 1 Apr 1996 75% - 100% 94-1234979
Unionbancal Corporation Sole member 1 Apr 1996 75% - 100% 94-1234979
Inc. Mitsubishi Ufj Financial Group Sole member 1 Apr 2001 75% - 100% foreign
Ltd. The Bank Of Tokyo Mitsubishi Ufj Sole member 1 Nov 2008 75% - 100% foreign
Ltd. Mufg Bank Sole member 1 Nov 2008 75% - 100% foreign

Based in San Francisco

The principal office where Highmark Capital Management, Inc. performs its advisory services is located at 350 California Street, 16 Th Floor, San Francisco, CA 94104, which is also the mailing address of the firm. An additional office of the firm is in Tacoma, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-582-4734 or by fax 415-705-7694. The normal business hours are 8:00 a.m. - 5:00 p.m. pst on Monday - Friday. You can find more information about the New York firm at highmarkcapital.com/.