Open Invest Co. is a multi-state adviser based in San Francisco. It manages $42.05 million of regulatory assets for 396 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Colorado, Connecticut, and 13 other states.
Open Invest provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Open Invest Co. is $42.05 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2911% since the beginning of its operation, and $25.7 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Open Invest Co. 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.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Open Invest is corporations or other businesses with 2 clients and $31.03 million of assets under management. Among the 1 most similar advisory firms, Open Invest has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $42.05 million for 396 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.
Open Invest doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 15 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Open Invest Co. performs its advisory services is located at 2 Mint Plaza, San Francisco, CA 94103, 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 855-466-6545 or by fax 510-263-6240. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at openinvest.co.