Allstreet Capital LLC (Los Angeles)

Name: Allstreet Capital LLC
Address: 707 Wilshire Blvd, Suite 3850, Los Angeles, CA, 90017
Telephone: 213-443-6791

Allstreet Capital LLC is a large advisory firm based in Los Angeles. It manages $124.58 million of regulatory assets for 120 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Hawaii, Kentucky, and 3 other states.

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

Allstreet Capital: assets under management

The assets under management (AUM) of Allstreet Capital LLC is $124.58 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $124.58 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.04 million each.

Allstreet Capital has custody of $20 million in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is state and local bonds, which make up 30% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Allstreet Capital LLC for their services and products based on a percentage of assets under management 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 Allstreet Capital serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Allstreet Capital is high net worth individuals with 98 clients and $115.5 million of assets under management. Among the 9 most similar advisory firms, Allstreet Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $124.58 million for 114 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.

Allstreet Capital doesn't advise any private funds.

Careers at Allstreet Capital 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
Max David Lile	Managing member	1 Jul 2016	25% - 50%	2648652
Sean Anthony Richardson	Managing member & chief compliance officer	1 Jul 2016	50% - 75%	2760672

Based in Los Angeles

The principal office where Allstreet Capital LLC performs its advisory services is located at 707 Wilshire Blvd, Suite 3850, Los Angeles, CA 90017, which is also the mailing address of the firm. An additional office of the firm is in Louisville, KY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 213-443-6791. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at allstreetcapital.com.