Ocean Park Asset Management, Inc. is a large advisory firm based in Santa Monica. It manages $147.47 million of regulatory assets for 830 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 7 other states.
Ocean Park Asset Management provides portfolio management for individuals and small businesses. 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 Ocean Park Asset Management, Inc. is $147.47 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 707% 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 Ocean Park Asset Management, Inc. for their services and products based on a percentage of assets under management and performance-based 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kenneth Lee Sleeper is individuals with 762 clients and $85.84 million of assets under management. Among the 8 most similar advisory firms, Ocean Park Asset Management has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $145.4 million for 810 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.
Ocean Park Asset Management doesn't advise any private funds.
The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.
There are 92 people 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.
Kenneth Lee Sleeper has been acting as President since 1 Oct 1989. Phyllis Joy Bunzel joined the executive team most recently as the Chief Compliance Officer.
The principal office where Ocean Park Asset Management, Inc. performs its advisory services is located at 3420 Ocean Park Blvd, Santa Monica, CA 90405, 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 310-452-1887 or by fax 310-452-2680. The normal business hours are 8:30a.m. to 5:00pm on Monday - Friday. You can find more information about the New York firm at oceanparkam.com/.