Chequers Financial Management LLC (San Francisco)


Chequers Financial Management LLC is a large advisory firm based in San Francisco. It manages $273.84 million of regulatory assets for 290 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Idaho, New York, and Texas.

Chequers Financial Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Chequers Financial Management: assets under management

The assets under management (AUM) of Chequers Financial Management LLC is $273.84 million. The firm's AUM has grown by 564% since the beginning of its operation, and $280 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $259.07 million in discretionary accounts and $14.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $963.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $703.5 thousand.
Chequers Financial Management has custody of $55.99 million in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 73% of the total AUM. The second-largest asset type is government bonds, which make up 14% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chequers Financial Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Chequers Financial Management serves?

The only and largest group of clients of Chequers Financial Management is high net worth individuals with 81 clients and $273.84 million of assets under management. Among the 12 most similar advisory firms, Chequers Financial Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $273.84 million for 81 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.

Chequers Financial Management doesn't advise any private funds.

Careers at Chequers Financial Management LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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
Mark Edward Powell Managing member & chief compliance officer 1 Mar 2015 75% - 100% 2856802
Mark E Powell Managing member & chief compliance officer 1 Mar 2015 75% - 100% 2856802
Flemming Powell Trust Managing member 1 Aug 2015 75% - 100% xxx-xx-xxxx
Megan Elise Gorman Managing member & chief compliance officer 1 Nov 2015 75% - 100% 4663531
Edward James Kearney Member 1 Jan 2018 Other 1851847

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Mark Edward Powell Owner 1 Aug 2015 75% - 100% 2856802

Based in San Francisco

The principal office where Chequers Financial Management LLC performs its advisory services is located at 847 Sansome Street, San Francisco, CA 94111, which is also the mailing address of the firm. An additional office of the firm is in Meridian, ID. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-964-5001 or by fax NONE. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at chequersfinancial.com.