Vance Street Management LLC (Los Angeles)

Vance Street Management LLC is a large advisory firm based in Los Angeles. It manages $715.15 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Vance Street Management provides 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.

Vance Street Management: assets under management

The assets under management (AUM) of Vance Street Management LLC is $715.15 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 119% since the beginning of its operation, and $83.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $715.15 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $59.6 million each.

Vance Street Management has custody of $301.07 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vance Street Management 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 Vance Street Management serves?

The only and largest group of clients of Vance Street Management is pooled investment vehicles with 12 clients and $715.15 million of assets under management. Among the 10 most similar advisory firms, Vance Street Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $715.15 million for 12 clients. 17% of the firm’s clients are foreign persons or businesses.

Vance Street Management also advises several private funds. Namely, ten private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $3,731,000.

Careers at Vance Street Management LLC

The company employs 14 people that are either part- or full-time employees. 93 percent of the employees work as investment advisers or researchers. No 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

Based in Los Angeles

The principal office where Vance Street Management LLC performs its advisory services is located at 11150 Santa Monica Boulevard, Suite 750, Los Angeles, CA 90025, 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 310-231-7100 or by fax 310-478-8072. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at vancestreetcapital.com.

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