Neumann Capital Management, LLC (Foster City)

Name: Neumann Capital Management, LLC
Address: 303 Vintage Park Drive, Suite 100, Foster City, CA, 94404 1167
Telephone: 650-548-9200

Neumann Capital Management, LLC is a large advisory firm based in Foster City. It manages $329.23 million of regulatory assets for 493 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Illinois, Texas, and Washington.

Neumann Capital Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Neumann Capital Management: assets under management

The assets under management (AUM) of Neumann Capital Management, LLC is $329.23 million. The firm's AUM has grown by 152% since the beginning of its operation, and $5.24 million of the total AUM is attributable to clients outside of the United States.

The firm manages $327.06 million in discretionary accounts and $2.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $677.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $217.12 thousand.

Neumann Capital Management has custody of $20.09 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment and business development companies, which make up 17% of the firm’s portfolio. Investments in other assets form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Neumann Capital 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 Neumann Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Neumann Capital Management is high net worth individuals with 98 clients and $302.2 million of assets under management. Among the 13 most similar advisory firms, Neumann Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $323.97 million for 139 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Neumann Capital Management doesn't advise any private funds.

Careers at Neumann Capital Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Daniel John Neumann	President, chief compliance officer	1 Jan 2010	50% - 75%	1121011
David Allen Richardson	Secretary, chief financial officer	1 Jan 2010	Other	4515522
David Allen Richardson	Secretary, chief financial officer	1 Dec 2012	25% - 50%	4515522

Based in Foster City

The principal office where Neumann Capital Management, LLC performs its advisory services is located at 303 Vintage Park Drive, Suite 100, Foster City, CA 94404 1167, 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 650-548-9200 or by fax 650-548-9209. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at neumanncapital.com.