Private Ocean, LLC is a large advisory firm based in San Rafael. It manages $2 billion of regulatory assets for 3,622 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.
Private Ocean 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 approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Private Ocean, LLC is $2 billion. The firm's AUM has grown by 128% since the beginning of its operation, and $1.38 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Private Ocean, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Richard Alan Stone is high net worth individuals with 558 clients and $1.76 billion of assets under management. Among the 8 most similar advisory firms, Private Ocean has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2 billion for 1,044 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.
Private Ocean doesn't advise any private funds.
The company employs 53 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 22 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.
Richard Alan Stone has been acting as President since 1 Dec 2012. William Harry Bockwoldt joined the executive team most recently as the Direct Owner.
The principal office where Private Ocean, LLC performs its advisory services is located at 100 Smith Ranch Rd., San Rafael, CA 94903, which is also the mailing address of the firm. An additional office of the firm is in Seattle, WA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-526-2900 or by fax 415-459-3956. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at salientfinancial.com.