Jess S. Morgan & Company., Inc. (Los Angeles)

Name: Jess S. Morgan & Company., Inc.
Address: 5900 Wilshire Blvd., Los Angeles, CA, 90036 3697
Telephone: 323-634-2400

Jess S. Morgan & Company., Inc. is a large advisory firm based in Los Angeles. It manages $190.69 million of regulatory assets for 195 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of California.

Jess S. Morgan & Company. provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Jess S. Morgan & Company.: assets under management

The assets under management (AUM) of Jess S. Morgan & Company., Inc. is $190.69 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $190.69 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $977.88 thousand each.

Jess S. Morgan & Company. has custody of $118.87 million in cash and securities for 54 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 27% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Jess S. Morgan & Company., Inc. for their services and products based on a percentage of assets under management. 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 Gary Neil Levenstein serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Gary Neil Levenstein is high net worth individuals with 34 clients and $163.75 million of assets under management. Among the 7 most similar advisory firms, Jess S. Morgan & Company. has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $190.69 million for 92 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.

Jess S. Morgan & Company. also advises several private funds. Namely, four private equity funds. The minimum investment commitment required of non-related persons ranges from $15,125 to $25,000.

Careers at Jess S. Morgan & Company., Inc.

The company employs 22 people that are either part- or full-time employees. 27 percent of the employees work as investment advisers or researchers. 2 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.

Gary Neil Levenstein has been acting as President since 1 Aug 2004. Jeremy Stahl joined the executive team most recently as the E.V.P./Director/Business Management/Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gene Torncello	V.p./real estate	1 Jan 1990	Other	2218432
Levenstein Revocable Trust Dtd 7 31 97	Trust	1 Jul 1997	Other	xxx-xx-xxxx
Mandel Family Trust Dtd 11 5 98	Trust	1 Nov 1998	Other	xxx-xx-xxxx
Susan Jean Ollweiler	E.v.p./director/business management	1 Jun 2000	Other	3084836
Gary Neil Levenstein	Chief compliance officer/director/president investment division	1 Aug 2004	Other	1377536
Susan J. Ollweiler Trust Dtd 4 27 05	Trust	1 Apr 2005	Other	xxx-xx-xxxx
Timothy Donald Bodner	E.v.p./director/tax/business management/corporate secretary	1 Dec 2010	Other	4394139
Richard Mandel	President/director/business management	1 Aug 2011	Other	2649158
Aurora Lindsey	V.p./business management	1 Sep 2012	Other	6338907
Jeremy Stahl	E.v.p./director/business management/chief financial officer	1 Nov 2012	Other	5358063

Based in Los Angeles

The principal office where Jess S. Morgan & Company., Inc. performs its advisory services is located at 5900 Wilshire Blvd., Los Angeles, CA 90036 3697, 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 323-634-2400 or by fax 323-937-6532. The normal business hours are 9:00 am 6:00 pm on Monday - Friday. You can find more information about the New York firm at jsmco.com.