Ohana Advisors Management, LLC (San Rafael)

Ohana Advisors Management, LLC is a large advisory firm based in San Rafael. It manages $862.79 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

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

Ohana Advisors Management: assets under management

The assets under management (AUM) of Ohana Advisors Management, LLC is $862.79 million. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $305.73 million in discretionary accounts and $557.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $101.91 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $61.9 million.

Ohana Advisors Management has custody of $862.79 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ohana Advisors Management, LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ohana Advisors Management serves?

The only and largest group of clients of Ohana Advisors Management is high net worth individuals with 12 clients and $862.79 million of assets under management. Among the 12 most similar advisory firms, Ohana Advisors Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $862.79 million for 12 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.

Ohana Advisors Management doesn't advise any private funds.

Careers at Ohana Advisors Management, LLC

The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No 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.

Joshua Marc Richter has served as the Chief Investment Officer since 1 Jan 2016. Edward John Schneider joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Covington Dennis	Founder & chief executive officer	1 Jan 1993	75% - 100%	6042452
Michelle Young	Chief compliance officer	1 Mar 2012	Other	6042453
David Schrader	Managing director	1 Mar 2012	Other	6042454
Joshua Marc Richter	Chief investment officer	1 Jan 2016	Other	2800071
Edward John Schneider	Chief compliance officer	1 Jan 2018	Other	2920375

Based in San Rafael

The principal office where Ohana Advisors Management, LLC performs its advisory services is located at 899 Northgate Drive, San Rafael, CA 94903, 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 415-226-4100 or by fax 415-479-4481. The normal business hours are 8:00 a.m - 5:00 p.m. on Monday - Friday.