Callan LLC is a large advisory firm based in San Francisco. It manages $19.95 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alaska, Arizona, California, and 31 other states.
Callan provides portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment & asset management consulting and education. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Callan LLC is $19.95 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Callan 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 insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Callan is pooled investment vehicles with 6 clients and $8.65 billion of assets under management. Among the 11 most similar advisory firms, Callan has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $19.95 billion for 657 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.
Callan also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $25,000,000 to $50,000,000.
The company employs 191 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
The principal office where Callan LLC performs its advisory services is located at 600 Montgomery Street, San Francisco, CA 94111, which is also the mailing address of the firm. An additional office of the firm is in Summit, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-974-5060 or by fax 415-291-4019. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at callan.com/.