Shone Asset Management LLC (Walnut Creek)

Name: Shone Asset Management LLC
Address: 1676 N. California Boulevard, Walnut Creek, CA, 94596
Telephone: 925-472-0874

Shone Asset Management LLC is a large advisory firm based in Walnut Creek. It manages $229.36 million of regulatory assets for 850 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of California.

Shone Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Shone Asset Management: assets under management

The assets under management (AUM) of Shone Asset Management LLC is $229.36 million. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $224.93 million in discretionary accounts and $4.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $266.19 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $886.72 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Shone Asset 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 Shone Asset Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Shone Asset Management is high net worth individuals with 88 clients and $170.88 million of assets under management. Among the 11 most similar advisory firms, Shone Asset Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $229.36 million for 299 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.

Shone Asset Management doesn't advise any private funds.

Careers at Shone Asset Management LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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 William Shone	Manager/chief compliance officer	1 May 2005	75% - 100%	1979639

Based in Walnut Creek

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

You can reach the main office by calling the phone number 925-472-0874 or by fax 925-472-0884. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at shoneassetmgmt.com.