Twin Lakes Capital Management, LLC (Redwood Shores)

Twin Lakes Capital Management, LLC is a large advisory firm based in Redwood Shores. It manages $127.8 million of regulatory assets for 333 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Hawaii, and Texas.

Twin Lakes Capital Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Twin Lakes Capital Management: assets under management

The assets under management (AUM) of Twin Lakes Capital Management, LLC is $127.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 356% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $127.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $383.79 thousand each.

Twin Lakes Capital Management has custody of $11.48 million in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 20% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Twin Lakes Capital Management is high net worth individuals with 44 clients and $117.89 million of assets under management. Among the 11 most similar advisory firms, Twin Lakes Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $126.97 million for 72 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.

Twin Lakes Capital Management doesn't advise any private funds.

Careers at Twin Lakes Capital Management, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Min Gyo Kim	Managing member/chief compliance officer	1 Aug 2005	75% - 100%	1767827
John Joonsang Cha	Managing member	1 Aug 2005	Other	2373163
Mark G. Kim	Managing member/cco	1 Aug 2005	75% - 100%	1767827
John Joon Sang Cha	Managing member	1 Aug 2005	Other	2373163
Frank Kwangjae Yi	Sr. vice president	1 Jan 2018	Other	2169256
John Joon Sang Cha	Sr. vice president	1 Jan 2018	Other	2373163

Based in Redwood Shores

The principal office where Twin Lakes Capital Management, LLC performs its advisory services is located at 3 Lagoon Drive, Redwood Shores, CA 94065, which is also the mailing address of the firm. An additional office of the firm is in Honolulu, HI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (650) 610-9363 or by fax (650) 610-9369. The normal business hours are 7:00 a.m. - 4:00 p.m. on Monday - Friday.