Yosemite Capital Management, LLC (Tustin)

Name: Yosemite Capital Management, LLC
Address: 17501 East 17 Th Street, Tustin, CA, 92780
Telephone: 714-730-3310

Yosemite Capital Management, LLC is a large advisory firm based in Tustin. It manages $271.49 million of regulatory assets for 726 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Nebraska, New Hampshire, and Texas.

Yosemite Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Yosemite Capital Management: assets under management

The assets under management (AUM) of Yosemite Capital Management, LLC is $271.49 million. The firm's AUM has grown by 318% since the beginning of its operation, and $177.67 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $251.78 million in discretionary accounts and $19.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $382.07 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $294.12 thousand.

Yosemite Capital Management has custody of $253.75 million in cash and securities for 320 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 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Yosemite Capital Management is high net worth individuals with 46 clients and $136.45 million of assets under management. Among the 9 most similar advisory firms, Yosemite Capital Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $270.49 million for 334 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.

Yosemite Capital Management doesn't advise any private funds.

Careers at Yosemite Capital Management, LLC

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gerald Edward Herter	Managing member	1 May 2000	Other	4621040
Gerald Yoshihiko Higashi	Member	1 May 2000	Other	4621043
Marilyn Mercado Millare	Member	1 May 2000	Other	4621047
Paul Henry Heckler	Managing director (since 2001), chief compliance officer (since 2006)	1 May 2001	Other	1707829
Curtis Campbell	Member	1 May 2001	Other	4621056
Erin Therese Mary	Chief compliance officer	1 Nov 2004	Other	2566962
Paul Henry Heckler	Chief compliance officer	1 Nov 2006	Other	1707829
Llc 17th Street Investments	Managing member	1 Dec 2010	75% - 100%	27-2132325

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jeffery Claude Hipshman	Managing member	1 May 2000	25% - 50%	4621049
Steven Craig Williams	Managing member	1 May 2000	25% - 50%	4621054
Curtis Eugene Campbell	Member	1 May 2001	25% - 50%	4621056

Based in Tustin

The principal office where Yosemite Capital Management, LLC performs its advisory services is located at 17501 East 17 Th Street, Tustin, CA 92780, 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 714-730-3310 or by fax 714-730-3311. The normal business hours are 8:30 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at yosemitecapital.com.