Caves & Associates, LLC (Manhattan Beach)

Name: Caves & Associates, LLC
Address: 1334 Park View Ave, Manhattan Beach, CA, 90266
Telephone: 310-545-4179

Caves & Associates, LLC is a large advisory firm based in Manhattan Beach. It manages $191.3 million of regulatory assets for 310 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of California.

Caves & Associates provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Caves & Associates: assets under management

The assets under management (AUM) of Caves & Associates, LLC is $191.3 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $185.79 million in discretionary accounts and $5.51 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $607.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.38 million.

Investments

The firm invests in investment and business development companies the most. They account for 95% of the total AUM. The second-largest asset type is government bonds, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Caves & Associates, LLC 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 Caves & Associates serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Caves & Associates is high net worth individuals with 41 clients and $165.64 million of assets under management. Among the 11 most similar advisory firms, Caves & Associates has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $191.3 million for 69 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.

Caves & Associates doesn't advise any private funds.

Careers at Caves & Associates, LLC

The company employs 4 people that are either part- or full-time employees. 100 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 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.

Sandra Kathleen Gafney joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Preston Stilson Caves	Chief executive officer	1 Jan 1983	75% - 100%	1344963
Sandra Kathleen Gafney	Chief compliance officer	1 Jan 2013	Other	2720716

Based in Manhattan Beach

The principal office where Caves & Associates, LLC performs its advisory services is located at 1334 Park View Ave, Manhattan Beach, CA 90266, 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 310-545-4179 or by fax 310-546-8153. The normal business hours are 40 on Monday - Friday. You can find more information about the New York firm at cavesassociates.net.