Sorrento Pacific Financial, LLC (San Diego)


Sorrento Pacific Financial, LLC is a related adviser based in San Diego. It manages $75.38 million of regulatory assets for 466 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Sorrento Pacific Financial provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sorrento Pacific Financial: assets under management

The assets under management (AUM) of Sorrento Pacific Financial, LLC is $75.38 million. The company doesn't manage any assets belonging to foreign clients.

Sorrento Pacific Financial has custody of $59.35 million in cash and securities for 247 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Sorrento Pacific Financial is individuals with 451 clients and $62.54 million of assets under management. Among the 4 most similar advisory firms, Sorrento Pacific Financial has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $75.38 million for 466 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Sorrento Pacific Financial doesn't advise any private funds.

Careers at Sorrento Pacific Financial, LLC

The company employs 104 people that are either part- or full-time employees. 21 percent of the employees work as investment advisers or researchers. 50 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 receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Avtech Sole managing member 1 Mar 2003 75% - 100% 04-3746206
Valorie Anne Seyfert President, clo, cfo, ceo 1 Mar 2003 Other 1275676
Amelia Hardwick Beattie Coo 1 Mar 2003 Other 712411
Richard Stewart Dahl Chief compliance officer; rosfp 1 Jun 2005 Other 1080878
Richard Stewart Dahl Member llc 1 Jul 2007 Other 1080878
Mary Jo Unland Member llc 1 Jul 2007 Other 1035028
Llc Partnervest Financial Group Owner 1 Jul 2009 Other 77-0530263
Lizbeth Dawn Berg Rosfp 1 Aug 2009 Other 1035521
Richard Trang Rosfp 1 Sep 2009 Other 3198637
Keith Edward Dilloway Rosfp 1 Nov 2010 Other 2524985
Daniel Joseph Kilroy Finop 1 Nov 2010 Other 2022798
Richard Trang Rosfp 1 Mar 2016 Other 3198637
Inc Atria Wealth Solutions Sole owner 1 Nov 2017 75% - 100% 82-1325012
Inc Aws 3 Sole owner 1 Nov 2017 75% - 100% 82-1325012

Indirect Owners

The SEC currently registers 16 indirect owners.

Name Entity Date acquired Ownership Employer ID
Bbb Family Trust Shareholder 1 Feb 2003 50% - 75% 24-0888805
Cjt Family Trust Shareholder 1 Feb 2003 50% - 75% 55-9435432
Valorie Anne Seyfert President 1 Feb 2003 Other 1275676
Amelia Hardwick Beattie Chief operating officer 1 Feb 2003 Other 712411
George Taylor Beattie Trustee 1 Feb 2003 Other 5023745
Taylor Beattie Trustee 1 Feb 2003 Other xxx-xx-xxxx
Bbb Family Trust Shareholder 1 Nov 2017 Other 24-0888805
Cjt Family Trust Shareholder 1 Nov 2017 Other 55-9435432
Llc Atria Wealth Solutions Holdings Holding company 1 Nov 2017 75% - 100% 81-4197004
Kevin Lawrence Beard Member 1 Nov 2017 Other 2789109
L.P. Lee Equity Partners Fund Ii(A) Member 1 Nov 2017 50% - 75% 47-5269538
L.P. Lee Equity Partners Fund Ii Member 1 Nov 2017 25% - 50% 47-5255394
Llc Lep Atria Holdings Holding company 1 Nov 2017 75% - 100% 82-2548455
Llc Triple Black Diamond Shareholder 1 Nov 2017 Other 82-2919325
Douglas John Ketterer Shareholder 1 Nov 2017 Other 2050418
Inc Atria Wealth Solutions Holding company 1 Oct 2018 75% - 100% 82-5185377

Based in San Diego

The principal office where Sorrento Pacific Financial, LLC performs its advisory services is located at 10150 Meanley Drive, 1 St Floor, San Diego, CA 92131, which is also the mailing address of the firm. An additional office of the firm is in El Segundo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-805-7900 or by fax 858-530-2875. The normal business hours are 8:00am-4:30pm pst on Monday - Friday. You can find more information about the New York firm at mybd.com.