Del Monte Group LLC (Alamo)

Name: Del Monte Group LLC
Address: 75 Golden Meadow Lane, Alamo, CA, 94507
Telephone: 925-736-6410

Del Monte Group LLC is a large advisory firm based in Alamo. It manages $126.1 million of regulatory assets for 223 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Oregon, Texas, and Washington.

Del Monte Group provides portfolio management for individuals and small businesses, pension consulting services, educational seminars and workshops, and multi-generational family wealth coaching. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Del Monte Group: assets under management

The assets under management (AUM) of Del Monte Group LLC is $126.1 million. The firm's AUM has grown by 45% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $123.71 million in discretionary accounts and $2.39 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $583.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $217.15 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Del Monte Group LLC 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 Richard M Del Monte serves?

The only and largest group of clients of Richard M Del Monte is individuals with 212 clients and $126.1 million of assets under management. Among the 7 most similar advisory firms, Del Monte Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $126.1 million for 212 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.

Del Monte Group doesn't advise any private funds.

Careers at Del Monte Group LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Del Monte Group LLC is owned by Ingrid Ann Delmonte. Richard M Del Monte has been acting as President since 1 Aug 1992. Angela Marie Wright joined the executive team most recently as the Partner/Chief Operating Officer/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard M Del Monte	President	1 Aug 1992	50% - 75%	1334837
Richard Melvin Delmonte	Director	1 Aug 1992	Other	1334837
Ingrid Ann Delmonte	Owner	1 Aug 1992	75% - 100%	2046985
Richard Melvin Delmonte	Chief compliance officer	1 Sep 2004	Other	1334837
Angela Marie Wright	Partner/chief operating officer/chief compliance officer	1 Jun 2008	Other	4679860
Angela Marie Crawford	Chief operating officer/chief compliance officer	1 Jun 2008	Other	4679860

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ingrid Ann Delmonte	Limited partner	1 Jan 1992	50% - 75%	2046985
Ingrid Ann Delmonte	Limited partner	1 Jan 2012	25% - 50%	2046985

Based in Alamo

The principal office where Del Monte Group LLC performs its advisory services is located at 75 Golden Meadow Lane, Alamo, CA 94507 The mailing address of the firm is Pmb #540, Alamo, CA 94507. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925-736-6410 or by fax 925-263-1930. The normal business hours are 9:00 a.m. - 5:00 p.m. on Other. You can find more information about the New York firm at delmontegroup.com.