Illumination Asset Management, LLC is an adviser based in Tarzana. It manages $82.53 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.
Illumination Asset Management provides portfolio management for individuals and small businesses and 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.
The assets under management (AUM) of Illumination Asset Management, LLC is $82.53 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -45% since the beginning of its operation, and $35.05 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Illumination Asset 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.
The only and largest group of clients of Christopher Michael Gaughan is pooled investment vehicles with 3 clients and $41.89 million of assets under management. Among the 4 most similar advisory firms, Illumination Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $41.89 million for 3 clients. None of the firm’s clients are foreign persons or businesses.
Illumination Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 4 people that are either part- or full-time employees. 25 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.
Christopher Michael Gaughan has been acting as President since 1 Sep 2012. Natasha Rushidovna Guttman joined the executive team most recently as the Chief Compliance Officer And Chief Financial Officer.
The principal office where Illumination Asset Management, LLC performs its advisory services is located at 18455 Burbank Blvd, Suite 204, Tarzana, CA 91356, 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 310-320-6300 or by fax 800-467-6028. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at illuminationam.com.