Gemmer Asset Management LLC (Walnut Creek)

Name: Gemmer Asset Management LLC
Address: 1655 North Main St, Walnut Creek, CA, 94596
Telephone: 925-933-3786

Gemmer Asset Management LLC is a large advisory firm based in Walnut Creek. It manages $1.05 billion of regulatory assets for 1,147 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 6 other states.

Gemmer Asset Management 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.

Gemmer Asset Management: assets under management

The assets under management (AUM) of Gemmer Asset Management LLC is $1.05 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 681% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.05 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $918.09 thousand each.

Investments

The firm invests in other assets the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in non-exchange traded securities form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Gemmer Asset 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 Gemmer Asset Management serves?

The firm provides services to individuals, other investment advisers, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Gemmer Asset Management is high net worth individuals with 273 clients and $725.7 million of assets under management. Among the 12 most similar advisory firms, Gemmer Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.04 billion for 1,142 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.

Gemmer Asset Management doesn't advise any private funds.

Careers at Gemmer Asset Management LLC

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 51 people 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
David Leroy Gemmer	Managing	1 Nov 1999	50% - 75%	855865
Scott David Gemmer	Member	1 Nov 1999	Other	1872399
Mario Ruben Hernandez	Member & chief compliance officer	1 Jan 2003	Other	1652803
Charles Jason Blankley	Member	1 Jan 2003	Other	4649891
Scott David Gemmer	Member	1 Dec 2004	Other	1872399
Brian Craig Gemmer	Member	1 Jan 2006	Other	5118590
Gemmer Family Trust	David l. gemmer, trustee of gemmer family trust dated june 17, 2015	1 Aug 2015	50% - 75%	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
David Leroy Gemmer	Trustee	1 Jun 2015	Other	855865

Based in Walnut Creek

The principal office where Gemmer Asset Management LLC performs its advisory services is located at 1655 North Main St, Walnut Creek, CA 94596, 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 925-933-3786 or by fax 925-933-6165. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at gemmerllc.com.