Hollencrest Capital Management, LLC (Newport Beach)

Name: Hollencrest Capital Management, LLC
Address: 100 Bayview Circle, Newport Beach, CA, 92660 8903
Telephone: 949-737-7700

Hollencrest Capital Management, LLC is a large advisory firm based in Newport Beach. It manages $1.36 billion of regulatory assets for 767 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Florida, and 3 other states.

Hollencrest Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hollencrest Capital Management: assets under management

The assets under management (AUM) of Hollencrest Capital Management, LLC is $1.36 billion. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $703.54 million in discretionary accounts and $654.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.43 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.38 million.

Hollencrest Capital Management has custody of $1.07 billion in cash and securities for 315 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is other assets, which make up 28% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hollencrest Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Hollencrest Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Hollencrest Capital Management is high net worth individuals with 125 clients and $1.02 billion of assets under management. Among the 10 most similar advisory firms, Hollencrest Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.26 billion for 306 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.

Hollencrest Capital Management also advises several private funds. Namely, two private equity funds and one venture capital fund. The minimum investment commitment required of non-related persons ranges from $25,000 to $250,000.

Careers at Hollencrest Capital Management, LLC

The company employs 16 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 14 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
Peter Joseph Pellizzon	Managing director, chief operations officer, portfolio manager	1 Sep 1998	25% - 50%	1236771
Gregory Paul Pellizzon	Managing director, chief executive officer	1 Jan 2000	25% - 50%	712667
Robert Burr Wolford	Managing director, director of marketing, portfolio manager	1 Jan 2000	25% - 50%	1336627
James Konon	Vice president of operations, aml officer, ciso	1 Jul 2006	Other	2386644
Ianthe Nicole Vipperman	Chief compliance officer	1 Jan 2018	Other	3001809
Susan Marie Nakamura	Director portfolio administration	1 Mar 2018	Other	1708693
Cameron Curtis Akers	Director, chief investment officer	1 Dec 2018	Other	5669044

Based in Newport Beach

The principal office where Hollencrest Capital Management, LLC performs its advisory services is located at 100 Bayview Circle, Newport Beach, CA 92660 8903, 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 949-737-7700 or by fax 949-737-7703. The normal business hours are 6am-5pm on Monday - Friday. You can find more information about the New York firm at hollencrest.com.