Doheny Asset Management, L.L.C. (Los Angeles)

Name: Doheny Asset Management, L.L.C.
Address: 10877 Wilshire Blvd, Los Angeles, CA, 90024 4341
Telephone: 310-209-5500

Doheny Asset Management, L.L.C. is a large advisory firm based in Los Angeles. It manages $184.3 million of regulatory assets for 138 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of California.

Doheny Asset Management, L.L.C provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Doheny Asset Management, L.L.C: assets under management

The assets under management (AUM) of Doheny Asset Management, L.L.C. is $184.3 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 $184.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.34 million each.

Doheny Asset Management, L.L.C has custody of $13.05 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Doheny Asset Management, L.L.C. 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 Doheny Asset Management, L.L.C serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Doheny Asset Management, L.L.C is high net worth individuals with 110 clients and $129.59 million of assets under management. Among the 8 most similar advisory firms, Doheny Asset Management, L.L.C has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $184.3 million for 144 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.

Doheny Asset Management, L.L.C doesn't advise any private funds.

Careers at Doheny Asset Management, L.L.C.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No 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
William Henry Doheny	Managing member	1 Apr 1993	75% - 100%	821678
Gordon & Co. L.P. Angelo	Member	1 Jan 2004	Other	131940
Neva Anita Mason	Chief compliance officer	1 Oct 2004	Other	4975793
Todd Michael Humphrey	Chief compliance officer	1 Mar 2008	Other	4618475
William Henry Doheny	Chief compliance officer, managing member	1 Aug 2010	75% - 100%	821678

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Ag Partners	General partner	1 Jan 2004	Other	13-3478876
John Michael Angelo	Managing member	1 Jan 2004	50% - 75%	6118
Michael Laurence Gordon	Managing member	1 Jan 2004	50% - 75%	225836
Jamg Llc	General partner	1 Jan 2004	75% - 100%	83-0375297

Based in Los Angeles

The principal office where Doheny Asset Management, L.L.C. performs its advisory services is located at 10877 Wilshire Blvd, Los Angeles, CA 90024 4341, 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 310-209-5500 or by fax 310-208-4181. The normal business hours are 7:00 am to 5:00 pm (pst) on Monday - Friday. You can find more information about the New York firm at dohenyasset.com.