San Diego’s Biggest Investment Advisor Firms

The table that follows is derived from the latest SEC data:

Name City AUM Clients
1 Brandes Investment Partners San Diego $25,945,405,178 19,800
2 Torreycove Capital Partners San Diego $18,287,962,533 11-25
3 Guided Choice Asset Management San Diego $12,317,410,631 500,000
4 Stepstone Group La Jolla $11,926,414,601 100
5 Gurtin Fixed Income Management Solana Beach $9,929,753,485 500
6 Chandler Asset Management San Diego $8,893,810,490 800
7 LM Capital Group San Diego $5,215,906,609 26-100
8 First Allied Advisory Services San Diego $4,864,088,841 25,800
9 Clarivest Asset Management San Diego $4,150,278,731 11-25
10 Globeflex Capital San Diego $3,611,000,000 26-100
11 Dowling & Yahnke San Diego $3,047,962,290 1,000
12 Aletgris Advisors La Jolla $2,105,402,681 26-100
13 Rice Hall James & Associates San Diego $1,955,115,330 300
14 Nicholas Investment Partners Rancho Santa Fe $1,876,535,379 26-100
15 American Assets Investment Management San Diego $1,661,745,223 26-100
16 Independent Financial Group San Diego $1,647,108,373 5,700
17 Cuso Financial Services San Diego $1,564,559,871 6,000
18 EAM Investors Cardiff $1,266,828,504 26-100
19 LM Advisors San Diego $1,256,305,636 600
20 Pure Financial Advisors San Diego $1,196,742,924 1,400
21 Dunham & Associates Investment Counsel San Diego $1,191,835,520 3,900
22 Wall Street Associates La Jolla $1,075,551,757 11-25
23 Cardiff Park Advisors Carlsbad $1,034,925,745 325
24 IPG Investment Advisors San Diego $1,013,080,208 700

 

 

There are some interesting little stories in here.

Torreycove Capital, founded in 2011, manages $18 billion for fewer than 25 clients, mostly pension and profit sharing plans. Torreycove was named in June as private equity consultant for the $79.2 billion New Jersey Pension Fund.

Brandes has seen its assets under management plummet since 2007, when it had $111 billion under management. According to Pensions & Investments magazine, Brandes’ two largest strategies — international equity and global equity — have been hit hard in recent years. In 2008, Brandes’ AUM declined more than 50% to $52.9 billion.

Stepstone may be the most interesting of them all. StepStone, founded by Monte Brem and Thomas Keck, has grown into a  self-described”global private markets firm.” It oversees $75 billion of private capital allocations in addition to its $11.9 billion under management. Stepstone serves as private equity advisor for the states of Connecticut and Wisconsin.

Last year, Stepstone leased the entire 17th floor at the Lipstick Building, the site where Bernie Madoff ran his $65 billion Ponzi scheme.

 

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