Salem Partners Advisors, LLC (Los Angeles)

Name: Salem Partners Advisors, LLC
Address: 11111 Santa Monica Blvd, Los Angeles, CA, 90025
Telephone: 310-806-4200

Salem Partners Advisors, LLC is a large advisory firm based in Los Angeles. It manages $275.75 million of regulatory assets for 145 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California and Texas.

Salem Partners Advisors provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Salem Partners Advisors: assets under management

The assets under management (AUM) of Salem Partners Advisors, LLC is $275.75 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $275.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.9 million each.

Investments

The firm invests in state and local bonds the most. They account for 36% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in other assets form 14% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Salem Partners Advisors, 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 David Alan Dodson serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David Alan Dodson is high net worth individuals with 25 clients and $271.74 million of assets under management. Among the 12 most similar advisory firms, Salem Partners Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $273.25 million for 29 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.

Salem Partners Advisors doesn't advise any private funds.

Careers at Salem Partners Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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.

David Alan Dodson has been acting as President since 1 Dec 2006. Erik Ridgley joined the executive team most recently as the Ceo, Cio.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Michael Prough	Member	1 Apr 2004	Other	2305366
John Hathaway Dyett	Member	1 Apr 2004	Other	2582657
Goli Kamangar	Chief compliance officer	1 Oct 2006	Other	2562201
David Alan Dodson	Director	1 Dec 2006	Other	3167369
Llc Salem Partners Holdings	Direct owner	1 Apr 2008	75% - 100%	26-2515492
William Benson Witte	President	1 May 2012	Other	1471180
Roy Corr	Managing director	1 Dec 2014	Other	2030658
Frank A. Barbera	Cio	1 Oct 2015	Other	5940466
Erik Ridgley	Ceo, cio	1 Feb 2018	Other	2810980

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Alan Dodson	Class b member	1 Apr 2008	Other	3167369
Brendan Devon Houlihan	Class b member	1 Apr 2008	Other	3271129
The Berti Prough Trust	Class a member	1 Apr 2008	25% - 50%	24-3431850
The Dyett Family Trust	Class a member	1 Apr 2008	25% - 50%	02-8466271
Stephen Michael Prough	Trustee of the berti prough trust 02/03/2005	1 Apr 2008	Other	2305366
John Hathaway Dyett	Trustee of the dyett family trust 11/09/2004	1 Apr 2008	Other	2582657
Goli Kamangar	Class c member	1 Feb 2016	Other	2562201
Caleb Eugene Smith	Class c member	1 Feb 2016	Other	5370376

Based in Los Angeles

The principal office where Salem Partners Advisors, LLC performs its advisory services is located at 11111 Santa Monica Blvd, Los Angeles, CA 90025, 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 310-806-4200 or by fax 310-806-4212. The normal business hours are 8 am - 6 pm on Monday - Friday. You can find more information about the New York firm at salempartners.com.