Malaga Cove Capital, LLC (Palos Verdes Estates)

Name: Malaga Cove Capital, LLC
Address: 425 Via Corta, Palos Verdes Estates, CA, 90274
Telephone: (310) 421-2141

Malaga Cove Capital, LLC is a large advisory firm based in Palos Verdes Estates. It manages $162.49 million of regulatory assets for 468 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, New York, Oregon, and 3 other states.

Malaga Cove Capital 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.

Malaga Cove Capital: assets under management

The assets under management (AUM) of Malaga Cove Capital, LLC is $162.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 78% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $162.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $347.2 thousand 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 government bonds, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Malaga Cove Capital, 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 Malaga Cove Capital serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Malaga Cove Capital is high net worth individuals with 39 clients and $100.83 million of assets under management. Among the 10 most similar advisory firms, Malaga Cove Capital has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $162.49 million for 221 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.

Malaga Cove Capital doesn't advise any private funds.

Careers at Malaga Cove Capital, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Alfred Charles Walsh joined the executive team most recently as the Managing Member / Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Interim Holdings	Managing member	1 Apr 2008	75% - 100%	45-0592675
Daniel Adam Bernstein	Chief compliance officer	1 Apr 2008	Other	2531346
Alfred Charles Walsh	Managing member / chief compliance officer	1 May 2008	75% - 100%	2530231
Gary Lee Fitzpatrick	Managing member / chief compliance officer	1 May 2008	75% - 100%	5530479
Mark Wade Choate	Chief executive officer	1 Mar 2016	Other	46027

Based in Palos Verdes Estates

The principal office where Malaga Cove Capital, LLC performs its advisory services is located at 425 Via Corta, Palos Verdes Estates, CA 90274, 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) 421-2141 or by fax (310) 373-4625. The normal business hours are 6:00am to 3:00pm on Monday - Friday. You can find more information about the New York firm at malagacovecapital.com.