Banta Asset Management LP (Newport Beach)


Banta Asset Management LP is a large advisory firm based in Newport Beach. It manages $95.96 million of regulatory assets for 268 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Hawaii, Texas, and Washington.

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

Banta Asset Management: assets under management

The assets under management (AUM) of Banta Asset Management LP is $95.96 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -56% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $95.96 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $358.07 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 16% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Banta Asset Management LP 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.

What kind of clients Banta Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Banta Asset Management is high net worth individuals with 80 clients and $76.21 million of assets under management. Among the 2 most similar advisory firms, Banta Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $95.4 million for 149 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.

Banta Asset Management doesn't advise any private funds.

Careers at Banta Asset Management LP

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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
Stephen Matthew Banta Chief compliance officer 1 Jun 2004 Other 2491994
Michael Beale Banta Limited partner 1 Jun 2004 25% - 50% 2390390
The Stephen And Pamela Banta Family Trust U/A Dtd 06/16/2015 Limited partner 1 Jun 2004 25% - 50% xxx-xx-xxxx
Banta Family Trust U/A/D 12/01/02 Limited partner 1 Jun 2004 25% - 50% xxx-xx-xxxx
Llc Banta Capital Management General partner 1 Jun 2004 Other 20-0875271
David Donald Banta Limited partner 1 Jun 2004 Other 11930
Mark David Banta Limited partner 1 Jun 2004 Other 2074080
Stephen M. Banta Trust U/A/D 12 19 02 Limited partner 1 Jun 2004 25% - 50% xxx-xx-xxxx
Banta Family Trust U/A/D 12/19/02 Limited partner 1 Jun 2004 25% - 50% xxx-xx-xxxx
Stephen M. Banta Trust U/A/D 12/19/02 Limited partner 1 Jun 2004 25% - 50% xxx-xx-xxxx
M Banta & S Banta Ttee Michael & Sara Banta Trust U/A Dtd 08/19/2004 Limited partner 1 Dec 2018 25% - 50% xxx-xx-xxxx

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Stephen Matthew Banta Trustee 1 Dec 2002 Other 2491994
Mark David Banta Trustee 1 Dec 2002 Other 2074080
Kimberle Malone Banta Trustee 1 Dec 2002 Other 5277905
David & Stephanie Banta Family Trust U/A/D 09/29/1997 Managing member 1 Jun 2004 25% - 50% xxx-xx-xxxx
David & Stephanie Banta Family Trust U/A/D 9 29 1997 Member 1 Jun 2004 25% - 50% xxx-xx-xxxx
Pamela George Banta Trustee 1 Jun 2015 Other 6579149
Michael Beale Banta Trustee 1 Dec 2018 Other 2390390
Sara Warmington Banta Trustee 1 Dec 2018 Other 2935564

Based in Newport Beach

The principal office where Banta Asset Management LP performs its advisory services is located at 517 30 Th Street, Newport Beach, CA 92663, 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 949-673-9944 or by fax 949-673-9955. The normal business hours are 8:00 am to 3:00 pm on Monday - Friday. You can find more information about the New York firm at bantaassetmanagement.com.

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