Gratia Capital, LLC (Los Angeles)

Gratia Capital, LLC is a large advisory firm based in Los Angeles. It manages $106.13 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of California.

Gratia Capital provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gratia Capital: assets under management

The assets under management (AUM) of Gratia Capital, LLC is $106.13 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -69% since the beginning of its operation, and $106.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $106.13 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $26.53 million each.

Gratia Capital has custody of $26.27 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 16% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gratia Capital, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gratia Capital serves?

The only and largest group of clients of Gratia Capital is pooled investment vehicles with 3 clients and $97.66 million of assets under management. Among the 10 most similar advisory firms, Gratia Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $97.66 million for 3 clients. 100% of the firm’s clients are foreign persons or businesses.

Gratia Capital also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Gratia Capital, 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. No 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
Pei Steven	Managing member	1 Mar 2012	50% - 75%	6070137
Pei Yu Tsung Steven	Managing member	1 Mar 2012	50% - 75%	6070137
Gordon Kyle Sommers	Member	1 Apr 2012	25% - 50%	2922819
Seth Ira Berman	Chief financial officer; chief compliance officer	1 Jun 2012	Other	1696378
Matthew Robert Schutzman	Member	1 Dec 2015	Other	5574232
Gordon Kyle Sommers	Member and chief compliance officer	1 May 2019	Other	2922819

Based in Los Angeles

The principal office where Gratia Capital, LLC performs its advisory services is located at 11835 W Olympic Blvd, Los Angeles, CA 90064, 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 310-733-2500 or by fax 310-843-9414. The normal business hours are 8:00am - 6:00pm on Monday - Friday.