Clg LLC (Long Beach)

Clg LLC is a large advisory firm based in Long Beach. It manages $163.03 million of regulatory assets for 737 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Louisiana, and 5 other states.

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

Clg: assets under management

The assets under management (AUM) of Clg LLC is $163.03 million. The firm's AUM has grown by 5957% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $122.76 million in discretionary accounts and $40.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $218.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $230.12 thousand.

Clg has custody of $12.18 million in cash and securities for 31 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 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in non-exchange traded securities form 7% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Clg is high net worth individuals with 128 clients and $120.4 million of assets under management. Among the 11 most similar advisory firms, Clg has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $163.02 million for 330 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.

Clg doesn't advise any private funds.

Careers at Clg LLC

The company employs 22 people that are either part- or full-time employees. 100 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Clg Holding Company	Managing member	1 Sep 2016	75% - 100%	81-3550527
Elizabeth Ann Carr	Chief compliance officer	1 Sep 2016	Other	1830205

Based in Long Beach

The principal office where Clg LLC performs its advisory services is located at 4821 E 2 Nd Street, Long Beach, CA 90803, which is also the mailing address of the firm. An additional office of the firm is in Murrieta, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (310) 329-5150 or by fax (310) 217-9274. The normal business hours are 8:30am to 5:00pm on Monday - Friday.