Alethea Capital Management, LLC (Rancho Santa Fe)

Name: Alethea Capital Management, LLC
Address: 18029 Calle Ambiente, Rancho Santa Fe, CA, 92067
Telephone: (858) 926-2058

Alethea Capital Management, LLC is a large advisory firm based in Rancho Santa Fe. It manages $246.81 million of regulatory assets for 105 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California and Washington.

Alethea 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 doesn't engage in other business activities.

Alethea Capital Management: assets under management

The assets under management (AUM) of Alethea Capital Management, LLC is $246.81 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 144% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $246.81 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.35 million each.

Alethea Capital Management has custody of $246.81 million in cash and securities for 36 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alethea Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Alethea 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 Alethea Capital Management is high net worth individuals with 23 clients and $169.16 million of assets under management. Among the 12 most similar advisory firms, Alethea Capital Management has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $246.81 million for 36 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.

Alethea Capital Management also advises several private funds. Namely, one hedge fund and four venture capital funds. The minimum investment commitment required of non-related persons ranges from $12,500 to $250,000.

Careers at Alethea Capital Management, LLC

The company employs 6 people that are either part- or full-time employees. 17 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’s a single person 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.

Stephen Andrew Buser joined the executive team most recently as the Chief Compliance Officer And Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jennifer Lynn Hsu	Member	1 Mar 2011	Other	5897827
Tony Nmn Hsu	Managing member	1 Mar 2011	75% - 100%	2725513
Tony Hsu	Managing member and cco	1 Mar 2011	75% - 100%	2725513
Scott Louis Bjorn	Chief compliance officer	1 Mar 2011	Other	2614742
Theodore Wong	Chief executive officer	1 Mar 2011	Other	5728947
Theodore Tin Sek Wong	Chief executive officer	1 Mar 2011	Other	5728947
Stephen Michael Lafata	Chief compliance officer / chief operating officer	1 May 2011	Other	5220127
Stephen Andrew Buser	Chief compliance officer and chief operating officer	1 Dec 2015	Other	6595975

Based in Rancho Santa Fe

The principal office where Alethea Capital Management, LLC performs its advisory services is located at 18029 Calle Ambiente, Rancho Santa Fe, CA 92067 The mailing address of the firm is 255 S King St, Seattle, WA 98104. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (858) 926-2058 or by fax (858) 800-4802. The normal business hours are 7:00am - 4:00pm on Other. You can find more information about the New York firm at aletheallc.com.