Sorrento Pacific Financial, LLC (San Diego)
Sorrento Pacific Financial, LLC is a related adviser based in San Diego. It manages $75.38 million of regulatory assets for 466 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Sorrento Pacific Financial provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
Sorrento Pacific Financial: assets under management
The assets under management (AUM) of Sorrento Pacific Financial, LLC is $75.38 million. The company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Sorrento Pacific Financial, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Sorrento Pacific Financial serves?
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 Sorrento Pacific Financial is individuals with 451 clients and $62.54 million of assets under management. Among the 4 most similar advisory firms, Sorrento Pacific Financial has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $75.38 million for 466 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Sorrento Pacific Financial doesn't advise any private funds.
Careers at Sorrento Pacific Financial, LLC
The company employs 104 people that are either part- or full-time employees. 21 percent of the employees work as investment advisers or researchers. 50 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 receive compensation from other entities for client referrals.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 16 indirect owners.Based in San Diego
The principal office where Sorrento Pacific Financial, LLC performs its advisory services is located at 10150 Meanley Drive, 1 St Floor, San Diego, CA 92131, which is also the mailing address of the firm. An additional office of the firm is in El Segundo, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 858-805-7900 or by fax 858-530-2875. The normal business hours are 8:00am-4:30pm pst on Monday - Friday. You can find more information about the New York firm at mybd.com.
Registered investment advisers similar to Sorrento Pacific Financial, LLC
- Frazier, Deborah Jane
- Jemico, Incorporated
- Quantum Family Office Group
- Spencer Capital Management
- Metropolitan Capital Partners Ii
- Nsa Securities Corporation
- Stewart Asset Management
- Barrell Investment Group
- Sabal Capital Management
- Park Shore Partners
- Carlson Alternative Advisors
- The Bendix Financial Group
- Cue Ball Discovery Fund
- Krochmal Stephen Glenn
- Modern Asset Management