Laurel Grove Capital LLC (Los Angeles)

Name: Laurel Grove Capital LLC
Address: 1875 Century Park East, Los Angeles, CA, 90067
Telephone: 310-789-0000

Laurel Grove Capital LLC is a large advisory firm based in Los Angeles. It manages $249.45 million of regulatory assets for 287 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Laurel Grove 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.

Laurel Grove Capital: assets under management

The assets under management (AUM) of Laurel Grove Capital LLC is $249.45 million. The firm's AUM has grown by 147% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $249.12 million in discretionary accounts and $334.5 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $871.03 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $334.5 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Laurel Grove 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 Leora Gold Garner serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Leora Gold Garner is high net worth individuals with 58 clients and $172.46 million of assets under management. Among the 11 most similar advisory firms, Laurel Grove Capital has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $249.45 million for 115 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.

Laurel Grove Capital doesn't advise any private funds.

Careers at Laurel Grove Capital LLC

The company employs 6 people that are either part- or full-time employees. 83 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.

Leora Gold Garner has been acting as President since 1 Oct 1995. Dana Marie Tiedt joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Leora Gold Garner	President	1 Oct 1995	75% - 100%	2005501
Lisa K. Garner	Director	1 Oct 1995	Other	4352075
Andrew Louis Garner	Director	1 Aug 1996	Other	4352314
Dana Marie Tiedt	Operations manager	1 Jul 1997	Other	4352313
Dana Marie Tiedt	Operations manager	1 Jul 1998	Other	4352313
Marina Forstmann Day	Client relations	1 Jan 1999	Other	4352082
Sandra Jane Rygel	Director/consultant	1 Jan 1999	Other	408435
Barry Lee Douglass	Director of research	1 Mar 2000	Other	71018
Daniel Patrick Delaney	Director of research	1 Aug 2001	Other	1797099
Eliot Bertram Hayes	Research analyst	1 Mar 2002	Other	2412618
Ronald T. Theda	Research analyst	1 Oct 2003	Other	4724879
Dana Marie Tiedt	Chief compliance officer	1 Dec 2003	Other	4352313
Dana Marie Tiedt	Chief financial officer	1 Jan 2014	Other	4352313
Eliot Bertram Hayes	Director of research/exec vp	1 Jan 2014	Other	2412618

Based in Los Angeles

The principal office where Laurel Grove Capital LLC performs its advisory services is located at 1875 Century Park East, Los Angeles, CA 90067, 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 310-789-0000 or by fax 310-789-0022. The normal business hours are 8:00 - 4:00 on Monday - Friday. You can find more information about the New York firm at laurelgrovecapital.com.