Highmark Capital Management, Inc. (San Francisco)

Name: Highmark Capital Management, Inc.
Address: 350 California Street, 16 Th Floor, San Francisco, CA, 94104
Telephone: 800-582-4734

Highmark Capital Management, Inc. is a large advisory firm based in San Francisco. It manages $7.45 billion of regulatory assets for 426 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Highmark Capital Management provides portfolio management for businesses and institutional clients and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Highmark Capital Management: assets under management

The assets under management (AUM) of Highmark Capital Management, Inc. is $7.45 billion. The firm's AUM has gone down by -56% since the beginning of its operation, and $7.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $6.73 billion in discretionary accounts and $722.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $18.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.64 million.

Highmark Capital Management has custody of $2.27 billion in cash and securities for 71 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 34% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Highmark Capital Management, Inc. for their services and products based on a percentage of assets under management and 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 Highmark Capital Management serves?

The firm provides services to insurance companies, charitable organizations, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Highmark Capital Management is corporations or other businesses with 52 clients and $2.52 billion of assets under management. Among the 11 most similar advisory firms, Highmark Capital Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $4.92 billion for 141 clients. 1% of the firm’s clients are foreign persons or businesses.

Highmark Capital Management doesn't advise any private funds.

Careers at Highmark Capital Management, Inc.

The company employs 76 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Robert Gregory Knopf	Senior vp & managing director	1 Jun 1998	Other	4346986
Jeffrey Lawrence Boyle	Managing director & sales manager	1 Oct 1999	Other	4346288
Kevin Allen Rogers	Managing director	1 Oct 1999	Other	2224963
Earle Andrew Malm (Ii)	President, chief executive officer & chairman of the board	1 Oct 2002	Other	2054022
Christine Weiss	Managing director	1 May 2003	Other	2383748
Laurence Reed	Senior vp, chief financial officer & secretary	1 Sep 2003	Other	4743556
Pamela Ruddock O'donnell	Vp mutual fund administration	1 Oct 2003	Other	1624642
N.A. Mufg Union Bank	Sole member	1 Sep 2004	75% - 100%	94-0304228
N.A. Union Bank	100% owner	1 Sep 2004	75% - 100%	94-0304228
Catherine Mary Vacca	Senior vp, chief compliance officer & assistant secretary	1 Sep 2004	Other	4316814
David Jonathan Goerz (Iii)	Senior vp & chief investment officer	1 Jan 2006	Other	2542377
John Mcinerney Flynn	Senior vp, institutional sales & marketing	1 Nov 2009	Other	1866125
Kevin A Rowell	Senior vp & managing director	1 Jun 2010	Other	1754089
Jonathan Todd Fayman	Senior vp, chief financial officer & secretary	1 Jun 2010	Other	3229692
Dennis Jack Mooradian	President & chief executive officer	1 Jul 2012	Other	338698
David Boyd Wines	Managing director & chief fixed income officer	1 Dec 2012	Other	2633969
Derek Saint Izuel	Managing director & chief equity officer	1 Dec 2012	Other	4657623
Noel Anthony Casale	Managing director & chief compliance officer	1 Mar 2013	Other	3002884
Sean Noel Havlin	Managing director, chief financial officer & secretary	1 Sep 2014	Other	2558651
Paul Wozniak	Chief operating officer	1 Dec 2014	Other	2108587
David Boyd Wines	President & chief executive officer & chief fixed income officer	1 Jun 2015	Other	2633969
Michelle Beth Goldfarb	Chief compliance officer	1 Jul 2015	Other	4300950
Brian Thomas Applegate	Managing director & chief compliance officer	1 Oct 2015	Other	2303021
Dennis Wayne Reichert	Director, chief financial officer	1 Oct 2015	Other	1985531
Scott Anthony Glave	Director, board of directors	1 Oct 2015	Other	2938367
Allen Pei Shang Shyu	Chief financial officer	1 Jun 2018	Other	7022498

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mufg Americas Holdings Corporation	Sole member	1 Apr 1996	75% - 100%	94-1234979
Unionbancal Corporation	Sole member	1 Apr 1996	75% - 100%	94-1234979
Inc. Mitsubishi Ufj Financial Group	Sole member	1 Apr 2001	75% - 100%	foreign
Ltd. The Bank Of Tokyo Mitsubishi Ufj	Sole member	1 Nov 2008	75% - 100%	foreign
Ltd. Mufg Bank	Sole member	1 Nov 2008	75% - 100%	foreign

Based in San Francisco

The principal office where Highmark Capital Management, Inc. performs its advisory services is located at 350 California Street, 16 Th Floor, San Francisco, CA 94104, which is also the mailing address of the firm. An additional office of the firm is in Tacoma, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-582-4734 or by fax 415-705-7694. The normal business hours are 8:00 a.m. - 5:00 p.m. pst on Monday - Friday. You can find more information about the New York firm at highmarkcapital.com/.