DeLPhi Private Advisors, LLC (San Diego)

Name: DeLPhi Private Advisors, LLC
Address: 3611 Valley Centre Drive, San Diego, CA, 92130
Telephone: 858-222-8050

DeLPhi Private Advisors, LLC is a large advisory firm based in San Diego. It manages $860.24 million of regulatory assets for 759 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California and Texas.

DeLPhi Private Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

DeLPhi Private Advisors: assets under management

The assets under management (AUM) of DeLPhi Private Advisors, LLC is $860.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 170% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $860.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.13 million each.

DeLPhi Private Advisors has custody of $157.53 million in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay DeLPhi Private Advisors, LLC 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 DeLPhi Private Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of DeLPhi Private Advisors is high net worth individuals with 152 clients and $817.13 million of assets under management. Among the 10 most similar advisory firms, DeLPhi Private Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $828.39 million for 182 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.

DeLPhi Private Advisors doesn't advise any private funds.

Careers at DeLPhi Private Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 10 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 compensates 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
Marc L Channick	Managing member and chief compliance officer	1 Nov 2009	25% - 50%	5036857
Darren M Reinig	Managing member	1 Nov 2009	25% - 50%	5092607
Keith Fraser Mckenzie	Managing member	1 Nov 2009	25% - 50%	4986286
Darren Michael Reinig	Managing member	1 Nov 2009	50% - 75%	5092607
Marc Lewis Channick	Managing member	1 Nov 2009	25% - 50%	5036857
Gary Steven Hirschfeld	Director of firm administration and chief compliance officer	1 Dec 2016	Other	1606786

Based in San Diego

The principal office where DeLPhi Private Advisors, LLC performs its advisory services is located at 3611 Valley Centre Drive, San Diego, CA 92130, 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 858-222-8050 or by fax 858-222-8080. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at delphiprivateadvisors.com.