Denali Advisors, LLC (San Diego)


Denali Advisors, LLC is a large advisory firm based in San Diego. It manages $1.4 billion of regulatory assets for 37 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Illinois, and New York.

Denali Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and portfolio management for indian tribes. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Denali Advisors: assets under management

The assets under management (AUM) of Denali Advisors, LLC is $1.4 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 347% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.4 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $37.87 million each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Denali Advisors, 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 Robert Storer serves?

The only and largest group of clients of Robert Storer is state or municipal government entities with 28 clients and $1.22 billion of assets under management. Among the 11 most similar advisory firms, Denali Advisors has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.22 billion for 28 clients. None of the firm’s clients are foreign persons or businesses.

Denali Advisors doesn't advise any private funds.

Careers at Denali Advisors, LLC

The company employs 13 people that are either part- or full-time employees. 54 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert Storer has been acting as President since 1 Apr 2004. Lp Nile Capital Fund B joined the executive team most recently as the Owner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Guenther Snigaroff Member, manager 1 Feb 2001 50% - 75% 4355971
Michael Robert Munson Member 1 Feb 2001 Other 4355972
Llc Progress Putnam Lovell Ventures Member 1 May 2001 25% - 50% 95-4802260
David Robert Olson Compliance officer 1 May 2001 Other 4418955
Richard Harvey Romer Manager 1 May 2001 Other 1688765
Llc Progress Lovell Minnick Ventures Member 1 May 2001 25% - 50% 95-4802260
Cameron Lee Miller Manager 1 Nov 2001 Other 2763282
John Chu Tin Chiu Member 1 Jun 2002 Other 4647913
Huna Totem Corporation Member 1 Jan 2003 Other 92-0045952
Robert Myles Belke Manager 1 Jul 2003 Other 2287759
Robert Storer Director 1 Apr 2004 Other 4871080
Robert Daniel Storer Director 1 Apr 2004 Other 4871080
Douglas Michael Palenchar Chief compliance officer 1 Sep 2004 Other 2442090
Martin Raul Curiel Member 1 Mar 2010 Other 5776093
Lawrence Robert Gaffaney Director 1 Mar 2010 Other 2741479
Anne Marie Erickson Chief compliance officer 1 Feb 2011 Other 1080863
Anne M Erickson Chief compliance officer 1 Feb 2011 Other 1080863
George Churchil Kenney Director 1 Dec 2011 Other 6011549
Lp Nile Capital Fund B Owner 1 Nov 2016 Other 35-2574417

Indirect Owners

The SEC currently registers 31 indirect owners.

Name Entity Date acquired Ownership Employer ID
Albert William Dick Officer 1 May 1989 Other 4897068
Samuel J Furuness Officer 1 Jan 1997 Other 4400803
Putnam Lovell Group Inc. Sole shareholder of putnam lovell capital partners, inc. 1 Oct 1997 75% - 100% 95-3283346
Inc. Liberty Financial Companies Parent company 1 Sep 1998 75% - 100% 04-3260640
Inc. Putnam Lovell Capital Partners Sole managing member of highcrest california partners, llc 1 Mar 2000 Other 95-4653753
Llc Progress Putnam Lovell Advisors Sole managing member of progress putnam lovell ventures, llc 1 Apr 2000 Other 95-4802253
California Public Employees Retirement System Non-managing member of progress putnam lovell ventures, llc 1 Apr 2000 75% - 100% 94-6207465
Progress Investment Management Company Managing member of progress putnam lovell advisors, llc 1 Apr 2000 50% - 75% 94-3109216
Llc Highcrest California Partners Managing member of progress putnam lovell advisors, llc 1 Apr 2000 50% - 75% 95-4706384
Jeffrey Dale Lovell Manager 1 Apr 2000 Other 1095362
James Edward Minnick Manager 1 Apr 2000 Other 716204
Thurman Windel White Manager 1 Apr 2000 Other 2650596
Donna K. Gilding Manager 1 Apr 2000 Other 4379194
Donna Kathleen Gilding Manager 1 Apr 2000 Other 4379194
Jr. Thurman Vernon White Manager 1 Apr 2000 Other 4378802
Llc Progress Lovell Minnick Advisors Sole managing member of progress putnam lovell ventures, llc 1 Apr 2000 Other 95-4802253
Progress Putnam Lovell Advisors Llc Sole managing member 1 Apr 2000 Other 95-4802253
Highcrest California Partners Llc Managing member 1 Apr 2000 50% - 75% 95-4706384
Inc. Fleet/Liberty Holdings Sole shareholder of progress investment management company 1 Nov 2001 75% - 100% 04-3260640
Fleet National Bank Sole shareholder of fleet/liberty holdings, inc. 1 Nov 2001 75% - 100% 04-2472499
Fleetboston Financial Corporation Sole shareholder of fleet national bank 1 Nov 2001 75% - 100% 05-0341324
Robert Ray Wysocki Officer 1 Aug 2003 Other 4897069
Lovell Minnick Partners Llc Sole managing member 1 Feb 2004 75% - 100% 20-0493456
Lovell Minnick Holdings Llc Sole managing member 1 Feb 2004 75% - 100% 20-0498914
Jeffrey Dale Lovell Co-managing member 1 Feb 2004 50% - 75% 1095362
James Edward Minnick Co-managing member 1 Feb 2004 25% - 50% 716204
Jose Patricio Balagot Manager 1 Aug 2005 Other 4379393
Lawrence Robert Gaffaney Officer 1 Aug 2009 Other 2741479
The Lindsey Family Trust Owner 1 Nov 2016 50% - 75% 35-2574417
Nile Capital Group Owner 1 Nov 2016 25% - 50% 35-2574417
Melvin Duane Lindsey Owner 1 Nov 2016 25% - 50% 1828574

Based in San Diego

The principal office where Denali Advisors, LLC performs its advisory services is located at 5075 Shoreham Place, San Diego, CA 92122, which is also the mailing address of the firm. An additional office of the firm is in Santa Monica, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-558-3600 or by fax 858-558-3657. The normal business hours are 7:00am to 4:30pm on Monday - Friday. You can find more information about the New York firm at denaliadvisors.com.