Levasseur Capital Partners LLC (Newport Beach)

Name: Levasseur Capital Partners LLC
Address: 610 Newport Center Drive, Newport Beach, CA, 92660
Telephone: 949-729-1700

Levasseur Capital Partners LLC is a large advisory firm based in Newport Beach. It manages $119.07 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

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

Levasseur Capital Partners: assets under management

The assets under management (AUM) of Levasseur Capital Partners LLC is $119.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $39.69 million each.

Levasseur Capital Partners has custody of $59.8 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 35% of the total AUM. The second-largest asset type is state and local bonds, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Levasseur Capital Partners 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 Levasseur Capital Partners serves?

The only and largest group of clients of Levasseur Capital Partners is pooled investment vehicles with 2 clients and $59.8 million of assets under management. Among the 8 most similar advisory firms, Levasseur Capital Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $59.8 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Levasseur Capital Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Levasseur Capital Partners LLC

The company employs 4 people that are either part- or full-time employees. 75 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gilbert Edward Levasseur	Trustee of gilbert e. levasseur, jr. revocable trust	1 Aug 1993	75% - 100%	5928597
Jr. Revocable Trust Gilbert E. Levasseur	Class a member/class b member	1 Feb 2005	75% - 100%	xxx-xx-xxxx
Gilbert Edward Levasseur	Manager, president, chief executive officer & chief investment officer / class b member	1 Feb 2005	75% - 100%	5928597
Gilbert E. Levasseur	Manager, president, chief executive officer & chief investment officer / class b member	1 Feb 2005	75% - 100%	5928597
Carl Eugene Spangler	Chief financial officer	1 Feb 2006	Other	5928605
Carl E. Spangler	Chief financial officer	1 Feb 2006	Other	5928605
Carl Eugene Spangler	Class b member	1 Jan 2007	Other	5928605
Carl E. Spangler	Class b member	1 Jan 2007	Other	5928605
Kevin Edward Walden	Class b member	1 Jan 2009	Other	5928610
Kevin E. Walden	Class b member	1 Jan 2009	Other	5928610
Carl Eugene Spangler	Chief compliance officer	1 Jan 2012	Other	5928605
Carl E. Spangler	Chief compliance officer	1 Jan 2012	Other	5928605

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Gilbert E. Levasseur	Trustee	1 Aug 1993	75% - 100%	5928597

Based in Newport Beach

The principal office where Levasseur Capital Partners LLC performs its advisory services is located at 610 Newport Center Drive, Newport Beach, CA 92660, 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 949-729-1700 or by fax 949-729-1705. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at levasseurcapital.com.