Sepio Capital, LLC (San Francisco)

Name: Sepio Capital, LLC
Address: 50 California Street, San Francisco, CA, 94111
Telephone: (415) 915-3708

Sepio Capital, LLC is a large advisory firm based in San Francisco. It manages $2.82 billion of regulatory assets for 1,116 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Nebraska, New Hampshire, Texas, and Utah.

Sepio Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sepio Capital: assets under management

The assets under management (AUM) of Sepio Capital, LLC is $2.82 billion. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.84 billion in discretionary accounts and $973.8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.56 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.47 million.

Sepio Capital has custody of $350.4 million in cash and securities for 102 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sepio Capital, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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 Sepio Capital serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Sepio Capital is high net worth individuals with 96 clients and $2.05 billion of assets under management. Among the 12 most similar advisory firms, Sepio Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.82 billion for 108 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.

Sepio Capital also advises several private funds. Namely, one hedge fund and two private equity funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Sepio Capital, LLC

The company employs 18 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Christopher Edward Winn	Managing member and chief compliance officer	1 Jan 2017	75% - 100%	4639347
Llc Sepio Capital Holdings	Managing member (holding company)	1 May 2017	75% - 100%	82-1511655
Llc Sepio Capital	Managing member (holding company)	1 May 2017	75% - 100%	82-1511655

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Roger Ashton Carter	Managing member	1 May 2017	25% - 50%	874053
Donald Bradford Edgren	Managing member	1 May 2017	25% - 50%	3271947
Joshua Roger Carter	Managing member	1 May 2017	Other	4654422
Joshua R Carter	Managing member	1 May 2017	Other	4654422

Based in San Francisco

The principal office where Sepio Capital, LLC performs its advisory services is located at 50 California Street, San Francisco, CA 94111, which is also the mailing address of the firm. An additional office of the firm is in Alamo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (415) 915-3708. The normal business hours are 6:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at sepiocap.com.