Adelante Capital Management LLC (Oakland)

Name: Adelante Capital Management LLC
Address: 555 12 Th Street, Oakland, CA, 94607 4046
Telephone: 510-986-2100

Adelante Capital Management LLC is a large advisory firm based in Oakland. It manages $1.85 billion of regulatory assets for 165 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of California.

Adelante Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Adelante Capital Management: assets under management

The assets under management (AUM) of Adelante Capital Management LLC is $1.85 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -39% since the beginning of its operation, and $151.25 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.85 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.2 million each.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Adelante 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.

What kind of clients Adelante Capital Management serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Adelante Capital Management is state or municipal government entities with 10 clients and $1.66 billion of assets under management. Among the 10 most similar advisory firms, Adelante Capital Management has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.74 billion for 162 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.

Adelante Capital Management also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $100,000.

Careers at Adelante Capital Management LLC

The company employs 11 people that are either part- or full-time employees. 55 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.

Jon M Wieman joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Anthony Torres	Chief executive officer	1 Aug 2002	Other	2626850
Mark J. Nuti	Chief operating officer	1 Jul 2003	Other	2774438
Acm Acquisition Llc	Member of applicant	1 Aug 2004	75% - 100%	20-1580079
Mark Alexander Hoopes	Chief compliance officer	1 Aug 2004	Other	2482339
Asset Management Finance	Member of applicant	1 Nov 2004	50% - 75%	20-0318739
Jon M Wieman	Chief compliance officer	1 Jun 2019	Other	6936458

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Anthony Torres	Manager, member	1 Aug 2004	25% - 50%	2626850
Nancy Coan Torres	Member	1 Sep 2004	25% - 50%	4862235
Ct2g Irrevocable Trust	Member	1 Nov 2004	Other	20-6378077
Ct3g Irrevocable Trust	Member	1 Nov 2004	Other	20-6378087
Michael Anthony Torres	Trustee	1 Nov 2004	Other	2626850
Timothy R. Conner	Trustee	1 Nov 2004	Other	4897025

Based in Oakland

The principal office where Adelante Capital Management LLC performs its advisory services is located at 555 12 Th Street, Oakland, CA 94607 4046, 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 510-986-2100 or by fax 510-268-0663. The normal business hours are 6:30 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at adelante.com and its LinkedIn profile.