Denali Advisors, LLC (San Diego)

Name: Denali Advisors, LLC
Address: 5075 Shoreham Place, San Diego, CA, 92122
Telephone: 858-558-3600

Denali Advisors, LLC is a large advisory firm based in San Diego. It manages $1.4 billion of regulatory assets for 37 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Illinois, and New York.

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

Denali Advisors: assets under management

The assets under management (AUM) of Denali Advisors, LLC is $1.4 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 347% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.4 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $37.87 million each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Denali 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 Robert Storer serves?

The only and largest group of clients of Robert Storer is state or municipal government entities with 28 clients and $1.22 billion of assets under management. Among the 11 most similar advisory firms, Denali Advisors has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.22 billion for 28 clients. None of the firm’s clients are foreign persons or businesses.

Denali Advisors doesn't advise any private funds.

Careers at Denali Advisors, LLC

The company employs 13 people that are either part- or full-time employees. 54 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert Storer has been acting as President since 1 Apr 2004. Lp Nile Capital Fund B joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Guenther Snigaroff	Member, manager	1 Feb 2001	50% - 75%	4355971
Michael Robert Munson	Member	1 Feb 2001	Other	4355972
Llc Progress Putnam Lovell Ventures	Member	1 May 2001	25% - 50%	95-4802260
David Robert Olson	Compliance officer	1 May 2001	Other	4418955
Richard Harvey Romer	Manager	1 May 2001	Other	1688765
Llc Progress Lovell Minnick Ventures	Member	1 May 2001	25% - 50%	95-4802260
Cameron Lee Miller	Manager	1 Nov 2001	Other	2763282
John Chu Tin Chiu	Member	1 Jun 2002	Other	4647913
Huna Totem Corporation	Member	1 Jan 2003	Other	92-0045952
Robert Myles Belke	Manager	1 Jul 2003	Other	2287759
Robert Storer	Director	1 Apr 2004	Other	4871080
Robert Daniel Storer	Director	1 Apr 2004	Other	4871080
Douglas Michael Palenchar	Chief compliance officer	1 Sep 2004	Other	2442090
Martin Raul Curiel	Member	1 Mar 2010	Other	5776093
Lawrence Robert Gaffaney	Director	1 Mar 2010	Other	2741479
Anne Marie Erickson	Chief compliance officer	1 Feb 2011	Other	1080863
Anne M Erickson	Chief compliance officer	1 Feb 2011	Other	1080863
George Churchil Kenney	Director	1 Dec 2011	Other	6011549
Lp Nile Capital Fund B	Owner	1 Nov 2016	Other	35-2574417

Indirect Owners

The SEC currently registers 31 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Albert William Dick	Officer	1 May 1989	Other	4897068
Samuel J Furuness	Officer	1 Jan 1997	Other	4400803
Putnam Lovell Group Inc.	Sole shareholder of putnam lovell capital partners, inc.	1 Oct 1997	75% - 100%	95-3283346
Inc. Liberty Financial Companies	Parent company	1 Sep 1998	75% - 100%	04-3260640
Inc. Putnam Lovell Capital Partners	Sole managing member of highcrest california partners, llc	1 Mar 2000	Other	95-4653753
Llc Progress Putnam Lovell Advisors	Sole managing member of progress putnam lovell ventures, llc	1 Apr 2000	Other	95-4802253
California Public Employees Retirement System	Non-managing member of progress putnam lovell ventures, llc	1 Apr 2000	75% - 100%	94-6207465
Progress Investment Management Company	Managing member of progress putnam lovell advisors, llc	1 Apr 2000	50% - 75%	94-3109216
Llc Highcrest California Partners	Managing member of progress putnam lovell advisors, llc	1 Apr 2000	50% - 75%	95-4706384
Jeffrey Dale Lovell	Manager	1 Apr 2000	Other	1095362
James Edward Minnick	Manager	1 Apr 2000	Other	716204
Thurman Windel White	Manager	1 Apr 2000	Other	2650596
Donna K. Gilding	Manager	1 Apr 2000	Other	4379194
Donna Kathleen Gilding	Manager	1 Apr 2000	Other	4379194
Jr. Thurman Vernon White	Manager	1 Apr 2000	Other	4378802
Llc Progress Lovell Minnick Advisors	Sole managing member of progress putnam lovell ventures, llc	1 Apr 2000	Other	95-4802253
Progress Putnam Lovell Advisors Llc	Sole managing member	1 Apr 2000	Other	95-4802253
Highcrest California Partners Llc	Managing member	1 Apr 2000	50% - 75%	95-4706384
Inc. Fleet/Liberty Holdings	Sole shareholder of progress investment management company	1 Nov 2001	75% - 100%	04-3260640
Fleet National Bank	Sole shareholder of fleet/liberty holdings, inc.	1 Nov 2001	75% - 100%	04-2472499
Fleetboston Financial Corporation	Sole shareholder of fleet national bank	1 Nov 2001	75% - 100%	05-0341324
Robert Ray Wysocki	Officer	1 Aug 2003	Other	4897069
Lovell Minnick Partners Llc	Sole managing member	1 Feb 2004	75% - 100%	20-0493456
Lovell Minnick Holdings Llc	Sole managing member	1 Feb 2004	75% - 100%	20-0498914
Jeffrey Dale Lovell	Co-managing member	1 Feb 2004	50% - 75%	1095362
James Edward Minnick	Co-managing member	1 Feb 2004	25% - 50%	716204
Jose Patricio Balagot	Manager	1 Aug 2005	Other	4379393
Lawrence Robert Gaffaney	Officer	1 Aug 2009	Other	2741479
The Lindsey Family Trust	Owner	1 Nov 2016	50% - 75%	35-2574417
Nile Capital Group	Owner	1 Nov 2016	25% - 50%	35-2574417
Melvin Duane Lindsey	Owner	1 Nov 2016	25% - 50%	1828574

Based in San Diego

The principal office where Denali Advisors, LLC performs its advisory services is located at 5075 Shoreham Place, San Diego, CA 92122, which is also the mailing address of the firm. An additional office of the firm is in Santa Monica, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-558-3600 or by fax 858-558-3657. The normal business hours are 7:00am to 4:30pm on Monday - Friday. You can find more information about the New York firm at denaliadvisors.com.