Gurtin Fixed Income Management, LLC (Solana Beach)


Gurtin Fixed Income Management, LLC is a large advisory firm based in Solana Beach. It manages $14.14 billion of regulatory assets for 2,597 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Gurtin Fixed Income Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gurtin Fixed Income Management: assets under management

The assets under management (AUM) of Gurtin Fixed Income Management, LLC is $14.14 billion. The firm's AUM has grown by 52769% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $14.09 billion in discretionary accounts and $50.05 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.45 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.85 million.
Gurtin Fixed Income Management has custody of $7.54 billion in cash and securities for 694 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 80% of the total AUM. The second-largest asset type is government bonds, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Gurtin Fixed Income Management, 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 Steven Scott Simpson serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Steven Scott Simpson is high net worth individuals with 1,708 clients and $9.82 billion of assets under management. Among the 9 most similar advisory firms, Gurtin Fixed Income Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $14.13 billion for 2,594 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.

Gurtin Fixed Income Management also advises several private funds.

Careers at Gurtin Fixed Income Management, LLC

The company employs 64 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 19 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Steven Scott Simpson has been acting as President since 1 Dec 2007. Grant D. Gurtin Separate Property Trust Uad 11/25/2015 joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
William Robert Gurtin Ceo, chief investment officer, managing director, trustee 1 Dec 2006 50% - 75% 1441144
Kay Levinson Gurtin Trustee 1 Dec 2006 25% - 50% 1501893
The Gurtin Family Trust U/A Dtd 6/6/06 Member 1 Dec 2006 25% - 50% xxx-xx-xxxx
Gordon Walker Smith Vice president, chief compliance officer 1 Jan 2007 Other 5402359
Leatrice Kagan Wolf Trustee 1 May 2007 Other 5513026
Gurtin 2005 Irrevocable Trust Fbo Grant D. Gurtin Uad 12/29/2005 Member 1 May 2007 Other 20-6775519
Gurtin 2005 Irrevocable Trust Fbo Liza A. Gurtin Uad 12/29/2005 Member 1 May 2007 Other 20-6775500
Steven Scott Simpson President/managing partner, trustee 1 Dec 2007 Other 4668252
Francis Xavier Michl Co-head of portfolio management/partner 1 Dec 2007 Other 1745907
2009 Simpson Family Trust Dated December 15 Member 1 Dec 2007 Other xxx-xx-xxxx
Steven Scott Simpson President/managing director 1 Jan 2008 Other 4668252
Francis Xavier Michl Head of trading/managing director 1 Jan 2008 Other 1745907
John Joseph Fisher Trustee 1 Mar 2008 Other 5513027
Robert John Fisher Trustee 1 Mar 2008 Other 4355658
Rjf 1996 Childrens Trust Uad 09/04/1996 Member 1 Mar 2008 Other 94-6700264
Jjf 1996 Childrens Trust Uad 09/04/1996 Member 1 Mar 2008 Other 94-6700263
Wsf 1996 Childrens Trust Uad 09/04/1996 Member 1 Mar 2008 Other 94-6700265
Lauren Simpson Trustee 1 Dec 2009 Other 6468279
Lauren Michelle Simpson Trustee 1 Dec 2009 Other 6468279
Michael E Johnson Head of credit research/co-cio/managing partner 1 Jun 2010 Other 4974273
Michael Eugene Johnson Head of credit research/managing partner 1 Jun 2010 Other 4974273
Nancy Thuy Vo Chief compliance officer 1 Mar 2011 Other 5237655
James Michael Grandinetti Co-head of portfolio management/partner 1 Jan 2014 Other 3258866
James Michael Grandinetti Co-head of portfolio management/partner 1 Feb 2014 Other 3258866
Jeffery A Yorg Chief compliance officer 1 Mar 2014 Other 5043088
Jeffery Alan Yorg Chief compliance officer 1 Mar 2014 Other 5043088
Erik Michael Davidson Chief financial officer 1 Jan 2015 Other 3135842
Shandi Onise Johnson Head of strategic development and marketing/partner 1 Jan 2015 Other 5375097
Grant D. Gurtin Separate Property Trust Uad 11/25/2015 Member 1 Nov 2015 Other xxx-xx-xxxx
Liza A. Gurtin Separate Property Trust Uad 11/25/2015 Member 1 Nov 2015 Other xxx-xx-xxxx
Grant David Gurtin Trustee 1 Nov 2015 Other 6617289
Liza Anne Gurtin Trustee 1 Nov 2015 Other 6438817
Grant D Gurtin Trustee 1 Nov 2015 Other 6617289
Liza A Gurtin Trustee 1 Nov 2015 Other 6438817

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Amy Lynn Winokur Individual 1 May 2007 Other 6316157
William Sydney Fisher Trustee 1 Mar 2008 Other 5513027
Steven Scott Simpson Trustee 1 Dec 2009 Other 4668252

Based in Solana Beach

The principal office where Gurtin Fixed Income Management, LLC performs its advisory services is located at 440 Stevens Avenue, Solana Beach, CA 92075, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-436-2200 or by fax 858-436-2201. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at gurtin.com.