SEC Form ADV, by state
The largest investment adviser firms in California
The current SEC Form ADV data lists 2,674 investment adviser firms headquartered in California, of which 164 (6.1%) answered yes to at least one disciplinary or legal question on Form ADV Item 11. Below are the 50 largest by regulatory assets under management, a gross size measure each firm reports itself. Size is not a quality score, and no public record reports any firm's investment returns.
| Firm | City | Regulatory AUM | Fee methods | Item 11 disclosure |
|---|---|---|---|---|
| BLACKROCK FUND ADVISORS | SAN FRANCISCO | $4.3T | % of AUM | yes, reported |
| CAPITAL RESEARCH AND MANAGEMENT COMPANY | LOS ANGELES | $3.8T | % of AUMother | yes, reported |
| PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | NEWPORT BEACH | $3.7T | % of AUMperformance | yes, reported |
| CHARLES SCHWAB INVESTMENT MANAGEMENT, INC | SAN FRANCISCO | $1.7T | % of AUMfixedperformanceother | yes, reported |
| FRANKLIN ADVISERS, INC. | SAN MATEO | $509B | % of AUMperformance | yes, reported |
| DODGE & COX | SAN FRANCISCO | $467B | % of AUMother | none reported |
| ARES MANAGEMENT LLC | LOS ANGELES | $459B | % of AUMperformance | yes, reported |
| EDELMAN FINANCIAL ENGINES | SANTA CLARA | $326B | % of AUMhourlyfixedsubscriptionother | none reported |
| KKR CREDIT ADVISORS (US) LLC | SAN FRANCISCO | $271B | % of AUMperformanceother | yes, reported |
| WESTERN ASSET MANAGEMENT COMPANY | PASADENA | $185B | % of AUMperformance | yes, reported |
| OAKTREE CAPITAL MANAGEMENT, L.P. | LOS ANGELES | $183B | % of AUMperformance | yes, reported |
| GLOBAL RETIREMENT PARTNERS LLC | SAN RAFAEL | $170B | % of AUMhourlyfixed | none reported |
| PAYDEN & RYGEL | LOS ANGELES | $158B | % of AUMfixedperformance | none reported |
| APERIO GROUP, LLC | SAUSALITO | $152B | % of AUMfixed | yes, reported |
| WILSHIRE | SANTA MONICA | $149B | % of AUMfixedperformanceother | yes, reported |
| PRIMECAP MANAGEMENT CO | PASADENA | $139B | % of AUM | none reported |
| CAPITAL BANK AND TRUST COMPANY | IRVINE | $139B | % of AUM | yes, reported |
| SILVER LAKE TECHNOLOGY MANAGEMENT, LLC | MENLO PARK | $118B | % of AUMother | none reported |
| ICONIQ CAPITAL, LLC | SAN FRANCISCO | $118B | % of AUMfixedperformance | none reported |
| HELLMAN & FRIEDMAN LLC | SAN FRANCISCO | $110B | % of AUMother | none reported |
| STEPSTONE GROUP LP | LA JOLLA | $108B | % of AUMfixedperformance | none reported |
| ANDREESSEN HOROWITZ | MENLO PARK | $106B | % of AUMperformance | none reported |
| VISTA EQUITY PARTNERS MANAGEMENT, LLC | SAN FRANCISCO | $106B | % of AUMperformance | none reported |
| PATHWAY CAPITAL MANAGEMENT, LP | IRVINE | $98B | % of AUMfixedperformance | none reported |
| ARES CAPITAL MANAGEMENT LLC | LOS ANGELES | $98B | % of AUMperformance | yes, reported |
| WCM INVESTMENT MANAGEMENT | LAGUNA BEACH | $97B | % of AUMperformance | none reported |
| ASSETMARK, INC. | CONCORD | $92B | % of AUMfixed | yes, reported |
| PANTHEON | SAN FRANCISCO | $88B | % of AUMfixedperformance | none reported |
| LEONARD GREEN & PARTNERS, L.P. | LOS ANGELES | $86B | % of AUMperformance | none reported |
| CLEARLAKE CAPITAL GROUP, L.P. | SANTA MONICA | $84B | % of AUMperformance | none reported |
| SEQUOIA CAPITAL OPERATIONS, LLC | MENLO PARK | $82B | % of AUMother | none reported |
| TCW ASSET MANAGEMENT COMPANY LLC | LOS ANGELES | $81B | % of AUMfixedperformance | none reported |
| METROPOLITAN WEST ASSET MANAGEMENT LLC | LOS ANGELES | $79B | % of AUMfixedperformance | none reported |
| ALAN BILLER AND ASSOCIATES | MENLO PARK | $65B | % of AUMhourlyfixedother | none reported |
| CAUSEWAY CAPITAL MANAGEMENT LLC | LOS ANGELES | $62B | % of AUMperformance | none reported |
| IEQ CAPITAL, LLC | FOSTER CITY | $57B | % of AUMfixed | yes, reported |
| BEACON POINTE ADVISORS, LLC | NEWPORT BEACH | $55B | % of AUMhourlyfixedperformance | none reported |
| SB INVESTMENT ADVISERS (US) INC. | MENLO PARK | $53B | % of AUMperformance | none reported |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | SAN FRANCISCO | $52B | % of AUMperformance | yes, reported |
| CAPITAL INTERNATIONAL, INC. | LOS ANGELES | $52B | % of AUMperformance | yes, reported |
| GENSTAR CAPITAL | SAN FRANCISCO | $51B | % of AUMother | none reported |
| LIGHTSPEED VENTURE PARTNERS | MENLO PARK | $50B | % of AUMperformance | none reported |
| CRESCENT CAPITAL GROUP LP | LOS ANGELES | $50B | % of AUMperformance | none reported |
| CLIFFWATER LLC | MARINA DEL REY | $49B | % of AUMfixed | none reported |
| WEALTHFRONT ADVISERS LLC | PALO ALTO | $48B | % of AUMother | yes, reported |
| PLATINUM EQUITY ADVISORS, LLC | BEVERLY HILLS | $48B | % of AUMperformance | yes, reported |
| FRANCISCO PARTNERS | SAN FRANCISCO | $47B | % of AUMperformance | none reported |
| CANTERBURY CONSULTING INCORPORATED | NEWPORT BEACH | $46B | % of AUMfixedperformance | yes, reported |
| CHANDLER ASSET MANAGEMENT INC | SAN DIEGO | $45B | % of AUMhourlyfixed | none reported |
| EP WEALTH ADVISORS | TORRANCE | $45B | % of AUMhourlyfixed | none reported |
Source: SEC Form ADV monthly data, firms reporting a Californiaheadquarters address. Fee-method chips are the compensation arrangements each firm checked on Item 5.E; the disclosure column is the firm's own answer to Item 11. Click through to any firm for the full record and a link to its SEC detail page.
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