Coast Asset Management, LLC (Los Angeles)

Name: Coast Asset Management, LLC
Address: 11150 Santa Monica Blvd., Los Angeles, CA, 90025
Telephone: 310-576-3500

Coast Asset Management, LLC is a large advisory firm based in Los Angeles. It manages $6.95 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of California.

Coast Asset Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Coast Asset Management: assets under management

The assets under management (AUM) of Coast Asset Management, LLC is $6.95 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 58% since the beginning of its operation, and $6.95 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.95 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.74 billion each.

Coast Asset Management has custody of $6.95 billion in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Coast Asset Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Coast Asset Management serves?

The only and largest group of clients of Coast Asset Management is pooled investment vehicles with 4 clients and $6.95 billion of assets under management. Among the 12 most similar advisory firms, Coast Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6.95 billion for 4 clients. 50% of the firm’s clients are foreign persons or businesses.

Coast Asset Management also advises several private funds. Namely, two hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.

Careers at Coast Asset Management, LLC

The company employs 10 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. No 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
David Ellison Smith	Chief executive officer, president, member, manager	1 Oct 1999	75% - 100%	1671223
Christopher Dean Petitt	Chief operations officer, chief compliance officer, executive vice president, manager	1 Oct 1999	Other	2471544
L.L.C. Cdp Capital	Member	1 Oct 1999	Other	95-4690529
Llc Summit Cam Holdings	Member	1 Jul 2005	25% - 50%	20-2997278
Lori Dee Edwards	Manager	1 Jul 2005	Other	1485784
Scott J Carter	Manager	1 Jul 2005	Other	4012321
Simon Anderson	Chief financial officer	1 Dec 2005	Other	5484887
Peter Y Chung	Manager	1 Jun 2006	Other	4950552
Troy Douglas Spencer	Chief compliance officer, chief administrative officer	1 Jun 2006	Other	4788228
Edward Harvey Lyman	Manager	1 Feb 2007	Other	4376523
Peter Gustav Hanelt	Manager	1 Jun 2007	Other	5484853
Susan Carol Goulet Mosher	Chief compliance officer	1 Aug 2007	Other	1350221
Madhav Misra	Manager	1 Sep 2007	Other	2311172
Roger Franklyn Hartley	Chief operating officer	1 Dec 2007	Other	2331999
Christopher Lewis	Chief compliance officer	1 Mar 2009	Other	5649265
Troy Douglas Spencer	Chief operating officer	1 Aug 2009	Other	4788228
Lori Dee Edwards	Chief administrative officer	1 Aug 2009	Other	1485784
Seth Ira Berman	Chief financial officer	1 Jan 2010	Other	1696378
Seth Ira Berman	Chief compliance officer	1 Apr 2010	Other	1696378
Andrew Lam Tran	Chief financial officer	1 Dec 2011	Other	6014773
Alexander Waybrant Dixon	Chief risk officer and chief compliance officer	1 Dec 2012	Other	6145754
Gwendolyn Yayoi Oikawa	Chief compliance officer	1 Aug 2014	Other	6386279
Laura Trueba Clark	Senior vice president, portfolio manager	1 Mar 2015	Other	2212580

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Dean Petitt	Member	1 Jun 1998	75% - 100%	2471544
L.P. Summit Ventures Vi A	Managing member and greater than 25% owner of summit/cam holdings, llc	1 Jul 2005	Other	04-3540853
L.P. Sv Vi B Cam Holdings	Greater than 25% owner of summit/cam holdings, llc	1 Jul 2005	25% - 50%	20-2997430
L.P. Summit Partners Vi (Gp)	General partner of summit ventures vi-a, l.p. and sv vi-b cam holdings, l.p. and	1 Jul 2005	Other	04-3540852
Sv Vi B Cam Blocker Corp	99.8% holder of sv vi-b cam holdings, l.p.	1 Jul 2005	75% - 100%	71-0983791

Based in Los Angeles

The principal office where Coast Asset Management, LLC performs its advisory services is located at 11150 Santa Monica Blvd., Los Angeles, CA 90025, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-576-3500 or by fax 310-576-3512. The normal business hours are 6:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at coastasset.com.