Shira Ridge Wealth Management (Larkspur)

Name: Shira Ridge Wealth Management
Address: 100 Larkspur Landing Circle, Larkspur, CA, 94939
Telephone: 415-721-0275

Shira Ridge Wealth Management is a large advisory firm based in Larkspur. It manages $123.24 million of regulatory assets for 618 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of California.

Shira Ridge Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Shira Ridge Wealth Management: assets under management

The assets under management (AUM) of Shira Ridge Wealth Management is $123.24 million. The firm's AUM has grown by 1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $118.04 million in discretionary accounts and $5.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $225.26 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $55.37 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 78% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Shira Ridge Wealth Management for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Shira Ridge Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Shira Ridge Wealth Management is high net worth individuals with 59 clients and $74.77 million of assets under management. Among the 8 most similar advisory firms, Shira Ridge Wealth Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $122.63 million for 227 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.

Shira Ridge Wealth Management doesn't advise any private funds.

Careers at Shira Ridge Wealth Management

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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
Laurean Sue Nardone	Managing principal / chief compliance officer	1 Jun 2000	75% - 100%	1131151

Based in Larkspur

The principal office where Shira Ridge Wealth Management performs its advisory services is located at 100 Larkspur Landing Circle, Larkspur, CA 94939, which is also the mailing address of the firm. An additional office of the firm is in Santa Rosa, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-721-0275 or by fax 415-721-0274. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at shiraridge.com.