The Palisades Group, LLC (Los Angeles)

Name: The Palisades Group, LLC
Address: 11755 Wilshire Boulevard, Los Angeles, CA, 90025
Telephone: 424-280-7560

The Palisades Group, LLC is a large advisory firm based in Los Angeles. It manages $967.1 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Illinois, and Texas.

The Palisades Group provides portfolio management for pooled investment vehicles 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.

The Palisades Group: assets under management

The assets under management (AUM) of The Palisades Group, LLC is $967.1 million. The firm's AUM has gone down by -14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $38.3 million in discretionary accounts and $928.8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $38.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $309.6 million.

The Palisades Group has custody of $21.37 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Palisades Group, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Palisades Group serves?

The only and largest group of clients of The Palisades Group is pooled investment vehicles with 2 clients and $631 million of assets under management. Among the 11 most similar advisory firms, The Palisades Group has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $631 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

The Palisades Group also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at The Palisades Group, LLC

The company employs 24 people that are either part- or full-time employees. 21 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Mark Kirch	Board member, co-president, and chief executive officer	1 Sep 2012	Other	270540
Jack Lee Macdowell	Board member, co-president, and chief investment officer	1 Sep 2012	Other	4269131
Troy A. Grande	Chief financial officer and chief compliance officer	1 Apr 2013	Other	4540937
Inc. Banc Of California	Owner	1 Sep 2013	75% - 100%	04-3639825
Chad Tyler Brownstein	Board member	1 Sep 2013	Other	2724984
Steven Alan Sugarman	Board member and managing member	1 Sep 2013	Other	4749281
Jeff Seabold	Board member	1 Sep 2013	Other	6311249
Joshua Que	Chief compliance officer	1 Aug 2015	Other	6600668
Brian Patrick Kuelbs	Board member & executive chairman	1 Nov 2015	Other	2201406
Llc Palisades Holdings I	Owner	1 May 2016	75% - 100%	81-2424020
Llc Palisades Holdings Ii	Owner	1 Mar 2017	75% - 100%	61-1868207
Sally Kawana Kelly	Chief financial officer and chief compliance officer	1 May 2017	Other	4712167
Sally N. Kawana	Chief financial officer and chief compliance officer	1 May 2017	Other	4712167
Stephen Mark Kirch	Vice chairman	1 Feb 2018	Other	270540

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jack Lee Macdowell	Member	1 May 2016	75% - 100%	4269131
Stephen Mark Kirch	Member	1 May 2016	50% - 75%	270540
Llc Palisades Holdings I	Member	1 Mar 2017	75% - 100%	81-2424020

Based in Los Angeles

The principal office where The Palisades Group, LLC performs its advisory services is located at 11755 Wilshire Boulevard, Los Angeles, CA 90025, which is also the mailing address of the firm. An additional office of the firm is in Addi Son, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 424-280-7560. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at palisades.us.com and its LinkedIn profile.