Justinvest, LLC (Oakland)

Name: Justinvest, LLC
Address: 344 Thomas L Berkley Way, Oakland, CA, 94612
Telephone: (510) 925-2025

Justinvest, LLC is a large advisory firm based in Oakland. It manages $209.92 million of regulatory assets for 141 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Massachusetts, New Hampshire, and Texas.

Justinvest provides financial planning services, portfolio management for individuals and small businesses, and consulting services, subadvisory services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Justinvest: assets under management

The assets under management (AUM) of Justinvest, LLC is $209.92 million. The firm's AUM has grown by 14% since the beginning of its operation, and $355 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $207.39 million in discretionary accounts and $2.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.55 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $361.15 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is investment and business development companies, which make up 2% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, other investment advisers, and high net worth individuals. The largest group of clients of Justinvest is high net worth individuals with 69 clients and $176.4 million of assets under management. Among the 9 most similar advisory firms, Justinvest has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $203.17 million for 133 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.

Justinvest doesn't advise any private funds.

Careers at Justinvest, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Vijay Ganjam Rao has served as the Chief Investment Officer since 1 Oct 2016. Alan Keith Cummings joined the executive team most recently as the Cto.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Crane Hudacko	Ceo/chief compliance officer	1 Oct 2016	50% - 75%	6718493
Vijay Ganjam Rao	Chief investment officer	1 Oct 2016	25% - 50%	5486500
Alan Keith Cummings	Cto	1 Mar 2017	Other	4883140

Based in Oakland

The principal office where Justinvest, LLC performs its advisory services is located at 344 Thomas L Berkley Way, Oakland, CA 94612, 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 (510) 925-2025 or by fax (415) 937-6810. The normal business hours are 8:30 am -5:30 pm on Monday - Friday. You can find more information about the New York firm at blog.justinvest.com/ and its LinkedIn profile.