Litman Gregory Asset Management, LLC (Walnut Creek)

Name: Litman Gregory Asset Management, LLC
Address: 1676 N. California Blvd., Walnut Creek, CA, 94596 4111
Telephone: 925-254-8999

Litman Gregory Asset Management, LLC is a large advisory firm based in Walnut Creek. It manages $4.27 billion of regulatory assets for 1,359 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, Illinois, and 11 other states.

Litman Gregory Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and model portfolio services to banking institutions and other turn-key asset management platforms.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Litman Gregory Asset Management: assets under management

The assets under management (AUM) of Litman Gregory Asset Management, LLC is $4.27 billion. The firm's AUM has gone down by -22% since the beginning of its operation, and $23.28 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.71 billion in discretionary accounts and $2.56 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.26 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $284.77 million.

Litman Gregory Asset Management has custody of $809.61 million in cash and securities for 242 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 83% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 12% of the firm’s portfolio. Investments in other assets form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Litman Gregory Asset Management, 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 Litman Gregory Asset Management 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 Litman Gregory Asset Management is high net worth individuals with 291 clients and $1.33 billion of assets under management. Among the 10 most similar advisory firms, Litman Gregory Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.71 billion for 371 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.

Litman Gregory Asset Management doesn't advise any private funds.

Careers at Litman Gregory Asset Management, LLC

The company employs 56 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 11 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 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
Craig Litman	Managing principal, co-founding partner	1 Jul 1995	Other	1752876
Kenneth Edmond Gregory	Managing principal, co-founding partner	1 Jul 1995	Other	867309
Ronald Timothy Johnson	Managing principal, chief financial officer	1 Jul 1995	Other	1106610
Christopher C Wheaton	Managing principal, senior investment advisor	1 Jan 2001	Other	2461422
Steve Matthew Savage	Managing principal	1 Jan 2003	Other	4641261
Jeremy Lawrence Degroot	Managing principal, chief investment officer	1 Jan 2003	Other	4641277
Stephen A. Disenhof	Principal, director human resources	1 Jan 2004	Other	4782686
Craig Bernard Keller	Managing principal, senior investment advisor	1 Jan 2007	Other	4803363
Gretchen Carol Hollstein	Principal, senior investment advisor	1 Jan 2010	Other	2296274
Rajat Jain	Principal, senior research analyst	1 Jan 2010	Other	4310432
Jennifer Ann Ceccarelli	Principal, chief compliance officer, chief operations officer, investment management services group	1 Jan 2011	Other	2361640
John Frank Chee	Principal, senior research analyst	1 Jan 2011	Other	3054562
Alice Lowenstein	Principal, director of portfolio strategies	1 Jan 2011	Other	5248306
Llc Litman Gregory Capital Partners	Owner	1 Apr 2013	75% - 100%	46-2385639
L.P. Rosemont Partners Iii	Owner	1 Apr 2013	Other	27-3667035
Jr. Charles Byron Burkhart	Manager	1 Apr 2013	Other	4511598
John Michael Baxman	Principal, senior investment advisor	1 Jan 2016	Other	2881592

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Rosemont Investment Partners Iii	General partner	1 Apr 2013	Other	27-3666961
Craig Bernard Keller	Managing principal	1 Apr 2013	Other	4803363
Craig Litman	Managing principal	1 Apr 2013	Other	1752876
Kenneth Edmond Gregory	Managing principal	1 Apr 2013	Other	867309
Ronald Timothy Johnson	Managing principal	1 Apr 2013	Other	1106610
Christopher C Wheaton	Managing principal	1 Apr 2013	Other	2461422
Steve Matthew Savage	Managing principal	1 Apr 2013	Other	4641261
Jeremy Lawrence Degroot	Managing principal	1 Apr 2013	Other	4641277
Stephen A. Disenhof	Managing principal	1 Apr 2013	Other	4782686

Based in Walnut Creek

The principal office where Litman Gregory Asset Management, LLC performs its advisory services is located at 1676 N. California Blvd., Walnut Creek, CA 94596 4111, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925-254-8999 or by fax 925-254-0335. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at lgam.com and its LinkedIn profile.