Marin Financial Advisors LLC (Larkspur)


Marin Financial Advisors LLC is a large advisory firm based in Larkspur. It manages $328.21 million of regulatory assets for 468 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of California.

Marin Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Marin Financial Advisors: assets under management

The assets under management (AUM) of Marin Financial Advisors LLC is $328.21 million. The firm's AUM has grown by 210% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $327.53 million in discretionary accounts and $683.38 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $707.4 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $136.68 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marin Financial Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Marin Financial Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Marin Financial Advisors is high net worth individuals with 72 clients and $172.81 million of assets under management. Among the 9 most similar advisory firms, Marin Financial Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $325.15 million for 158 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Marin Financial Advisors doesn't advise any private funds.

Careers at Marin Financial Advisors LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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


Name Entity Date acquired Ownership Employer ID
David Nathan Shore Member/manager/chief compliance officer 1 Apr 2005 Other 1137901
Timothy Charles Harrington Member/manager 1 Apr 2005 50% - 75% 2595897
Colin Breuvart Drake Managing member 1 Jan 2018 75% - 100% 4550311

Based in Larkspur

The principal office where Marin Financial Advisors LLC performs its advisory services is located at 80 East Sir Francis Drake Blvd, Larkspur, CA 94939, 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 415-925-1212 or by fax 415-707-6500. The normal business hours are 9 am - 4 pm on Monday - Friday. You can find more information about the New York firm at marinfa.com.