Intersect Capital LLC (San Ramon)


Intersect Capital LLC is a large advisory firm based in San Ramon. It manages $668.11 million of regulatory assets for 397 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

Intersect Capital provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and family office. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Intersect Capital: assets under management

The assets under management (AUM) of Intersect Capital LLC is $668.11 million. The firm's AUM has grown by 148% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $636.93 million in discretionary accounts and $31.18 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.63 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.2 million.
Intersect Capital has custody of $30 million in cash and securities for 25 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 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Intersect Capital 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 Intersect Capital serves?

The firm provides services to individuals, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Intersect Capital is high net worth individuals with 182 clients and $509.17 million of assets under management. Among the 7 most similar advisory firms, Intersect Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $668.11 million for 397 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.

Intersect Capital doesn't advise any private funds.

Careers at Intersect Capital LLC

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 7 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
Armanino Llp Member 1 Sep 1997 25% - 50% 94-6214841
David William Shiell Co-managing member/chief compliance officer 1 Jun 1998 25% - 50% 3084744
Joseph R. Mclean Member 1 Jan 2015 Other 4277524
Joseph R. Mclean Co-managing member 1 Jan 2016 25% - 50% 4277524
Devin Robert Blodgett Chief compliance officer 1 Jan 2017 Other 5549491

Indirect Owners

The SEC currently registers 39 indirect owners.

Name Entity Date acquired Ownership Employer ID
Mark Wagner Partner 1 Jan 1987 Other 6398365
Brad Cless Partner 1 Jan 1995 Other 6398288
Thomas Gard Partner 1 Jan 2000 Other 6398314
Paul Peterson Partner 1 Jan 2001 Other 6398352
Herman Brause Partner 1 Jan 2002 Other 6398282
Daniel Jones Partner 1 Jan 2003 Other 6398325
Jeffrey Stegner Partner 1 Jan 2003 Other 6398355
Andrew J. Armanino Managing partner 1 Jan 2005 Other 4932364
Paul O'grady Partner 1 Jan 2005 Other 6398346
Dan Bowen Partner 1 Jan 2006 Other 6398279
Scott Copeland Partner 1 Jan 2006 Other 6398297
Jon Davies Partner 1 Jan 2006 Other 6398302
Thomas Mescall Partner 1 Jan 2006 Other 6398333
Matthew Alexis Perreault Partner 1 Jan 2006 Other 1961823
David Sordello Partner 1 Jan 2006 Other 6398354
David Davis Partner 1 Jan 2007 Other 6398305
Ellerbe Malcolm Partner 1 Jan 2007 Other 6398308
Joshua Nevarez Partner 1 Jan 2007 Other 6398344
Jeffrey Foster Partner 1 Sep 2007 Other 6398310
Lori Colvin Partner 1 Jan 2008 Other 6398292
Kevin Wise Partner 1 Apr 2008 Other 6398367
Scott Borgia Partner 1 Jan 2009 Other 6398276
John Brychel Partner 1 Jan 2009 Other 6398285
Matthew Chavez Partner 1 Jan 2009 Other 6398287
Timothy Hourigan Partner 1 Jan 2009 Other 6398322
Robert Tuvell Partner 1 Jan 2009 Other 6398363
Matthew Armanino Partner 1 Jan 2010 Other 6398260
Takashi Midorikawa Partner 1 Jan 2010 Other 6398337
Bruce Kirschenbaum Partner 1 Aug 2010 Other 6398327
Christopher Moore Partner 1 Aug 2010 Other 6398343
David Lee Partner 1 Jan 2011 Other 6398330
Monika Pelz Partner 1 Jan 2011 Other 6398349
Jeremy Sucharski Partner 1 Jan 2011 Other 6398358
Lynn Henley Partner 1 Dec 2011 Other 6398315
Lindy Antonelli Partner 1 Sep 2012 Other 6398259
John Horner Partner 1 Jan 2013 Other 6398319
John Dunican Partner 1 Jan 2013 Other 6398306
Theresa Brown Partner 1 Jan 2014 Other 6398283
Ricardo Martinez Partner 1 Jan 2014 Other 6398331

Based in San Ramon

The principal office where Intersect Capital LLC performs its advisory services is located at 12657 Alcosta Boulevard, San Ramon, CA 94583, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925-790-2894 or by fax 925-303-4196. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at intersectcapitalllc.com.