Westend Capital Management, LLC. is a large advisory firm based in Santa Monica. It manages $91.86 million of regulatory assets for 202 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California and Texas.
Westend Capital Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as financial planner.
The assets under management (AUM) of Westend Capital Management, LLC. is $91.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 240% 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 Westend Capital 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.
The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Sean Charles Cooper is high net worth individuals with 30 clients and $65.31 million of assets under management. Among the 8 most similar advisory firms, Westend Capital Management has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $91.86 million for 100 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.
Westend Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
Sean Charles Cooper has been acting as President since 1 Apr 2002. George Elliman joined the executive team most recently as the Member, Chief Financial Officer, Director Of Business Development.
The principal office where Westend Capital Management, LLC. performs its advisory services is located at 520 Broadway, Santa Monica, CA 90401 The mailing address of the firm is Po Box 29528, San Francisco, CA 94129. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (415) 856-0426 or by fax (415) 856-0431. The normal business hours are 7:30 a.m.-4:00 p.m. on Monday - Friday. You can find more information about the New York firm at wcmsf.com.