Fort Point Capital Partners LLC is a large advisory firm based in San Francisco. It manages $602.65 million of regulatory assets for 572 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 30 other states.
Fort Point Capital Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.
The assets under management (AUM) of Fort Point Capital Partners LLC is $602.65 million. The firm's AUM has grown by 194% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Fort Point Capital Partners LLC for their services and products based on a percentage of assets under management 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.
The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Fort Point Capital Partners is pooled investment vehicles with 9 clients and $306.77 million of assets under management. Among the 11 most similar advisory firms, Fort Point Capital Partners has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $602.65 million for 187 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.
Fort Point Capital Partners also advises several private funds. Namely, one hedge fund and eight other private funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 19 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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 Fort Point Capital Partners LLC performs its advisory services is located at 275 Sacramento Street, San Francisco, CA 94111, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (415) 449-0570 or by fax (415) 449-0571. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at fortpointcap.com.