Square 1 Asset Management, Inc. (San Francisco)

Name: Square 1 Asset Management, Inc.
Address: 501 Second Street, San Francisco, CA, 94107
Telephone: (415) 757-2649

Square 1 Asset Management, Inc. is a large advisory firm based in San Francisco. It manages $1.45 billion of regulatory assets for 61 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Massachusetts, New York, North Carolina, and Texas.

Square 1 Asset Management provides 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.

Square 1 Asset Management: assets under management

The assets under management (AUM) of Square 1 Asset Management, Inc. is $1.45 billion. The firm's AUM has grown by 1309% since the beginning of its operation, and $31.32 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.45 billion in discretionary accounts and $169.94 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $24.6 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $84.97 thousand.

Investments

The firm invests in cash and cash equivalents the most. They account for 65% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 18% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Square 1 Asset Management, Inc. 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 Patrick Rusnak serves?

The only and largest group of clients of Patrick Rusnak is corporations or other businesses with 60 clients and $1.45 billion of assets under management. Among the 8 most similar advisory firms, Square 1 Asset Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $1.45 billion for 60 clients. 5% of the firm’s clients are foreign persons or businesses.

Square 1 Asset Management doesn't advise any private funds.

Careers at Square 1 Asset Management, Inc.

The company employs 5 people that are either part- or full-time employees. 80 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.

Patrick Rusnak has been acting as President since 1 Oct 2015. Cole James Lohman joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Square 1 Bank	Parent company/owner	1 Feb 2013	75% - 100%	20-2949421
Patrick Timothy Oakes	Member, board of directors	1 Mar 2013	Other	2253286
Douglas Henry Bowers	Member, board of directors	1 Mar 2013	Other	4524905
Donald Charles Savino	Chief compliance officer	1 Mar 2013	Other	4476228
Michael Thien Nguyen	Vice president, director of investment straegy	1 Mar 2013	Other	4312565
Adam Charles Dean	Senior vice president, managing director	1 Mar 2013	Other	3117304
Judith E Erwin	Member, board of directors	1 Mar 2013	Other	6172845
Stefan Alan Fencl	Vice president, director of investment strategy	1 Mar 2013	Other	3106603
Pacific Western Bank	Owner	1 Oct 2015	75% - 100%	95-3671242
Sook Kuan Loh	Vice president	1 Oct 2015	Other	5949531
Patrick Rusnak	Director	1 Oct 2015	Other	6590098
Scott Wallace	Member, board of directors	1 Nov 2015	Other	6592914
Arthur Scott Wasson	Member, board of directors	1 Jan 2016	Other	5185948
John Frank Tower	Member, board of directors	1 May 2016	Other	6007792
Cole James Lohman	Chief compliance officer	1 Aug 2017	Other	6854184

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Pacwest Bancorp	Owner	1 Jan 2002	75% - 100%	33-0885320
Inc. Square 1 Financial	Parent company/owner	1 Jul 2005	75% - 100%	20-1872698
Pacwest Bancorp	Owner	1 Oct 2015	75% - 100%	33-0885320

Based in San Francisco

The principal office where Square 1 Asset Management, Inc. performs its advisory services is located at 501 Second Street, San Francisco, CA 94107, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (415) 757-2649 or by fax (415) 757-2648. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at square1financial.com/square1assetmanagement.