Morton Capital Management, LLC (Calabasas)

Name: Morton Capital Management, LLC
Address: 27200 Agoura Road, Suite 200, Calabasas, CA, 91301
Telephone: 818-222-4727

Morton Capital Management, LLC is a large advisory firm based in Calabasas. It manages $1.76 billion of regulatory assets for 2,661 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Morton Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Morton Capital Management: assets under management

The assets under management (AUM) of Morton Capital Management, LLC is $1.76 billion. The firm's AUM has grown by 33% since the beginning of its operation, and $1.92 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.69 billion in discretionary accounts and $71.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $638.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.99 million.

Morton Capital Management has custody of $710.76 million in cash and securities for 357 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 35% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Morton Capital Management, LLC for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Morton Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Morton Capital Management is high net worth individuals with 522 clients and $1.41 billion of assets under management. Among the 10 most similar advisory firms, Morton Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.76 billion for 951 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Morton Capital Management doesn't advise any private funds.

Careers at Morton Capital Management, LLC

The company employs 35 people that are either part- or full-time employees. 51 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lon (Nmn) Morton	Chief executive officer & manager	1 Jul 2006	25% - 50%	1846758
Priscilla Ann Brehm	Senior vice president	1 Jul 2006	Other	1017559
Jason Reeves Naiman	Senior vice president	1 Jul 2006	Other	344667
Eric Jay Selter	Senior vice president, chief operating officer, & manager	1 Jul 2006	Other	3129445
Jeffrey Sarti	Co-president & manager	1 Oct 2013	Other	4837493
Meghan Hillary Pinchuk	Co-president & manager	1 Oct 2013	Other	5663304
Eric And Lynn Selter Family Trust	Owner	1 Oct 2013	Other	xxx-xx-xxxx
Morton Family Trust	Owner	1 Oct 2013	25% - 50%	xxx-xx-xxxx
The Sarti Trust	Owner	1 Oct 2013	25% - 50%	xxx-xx-xxxx
Diana Louise Hadjes Pereira	Chief compliance officer	1 Feb 2014	Other	5652407
Joseph Alan Seetoo	Senior vice president	1 Apr 2016	Other	3226747
C Ii Trust	Owner	1 Apr 2016	Other	xxx-xx-xxxx
Jennifer Seetoo	Trustee- the c-ii trust	1 Apr 2016	Other	6921043
Sara Sarti	Trustee- the sarti trust	1 Jun 2017	Other	6920230
Stacey Lynn Mckinnon	Chief operating officer	1 Dec 2017	Other	6526531

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lynn Marie Selter	Trustee	1 Oct 2013	Other	6258319
Lon (Nmn) Morton	Trustee	1 Oct 2013	Other	1846758
Roxanna Faye Morton	Trustee	1 Oct 2013	Other	1846777
Sara Sarti	Trustee	1 Oct 2013	Other	6920230

Based in Calabasas

The principal office where Morton Capital Management, LLC performs its advisory services is located at 27200 Agoura Road, Suite 200, Calabasas, CA 91301, which is also the mailing address of the firm. An additional office of the firm is in Santa Barbara, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 818-222-4727 or by fax 818-222-8457. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at mortoncapital.com.