Navigoe, LLC (Redondo Beach)

Name: Navigoe, LLC
Address: 417 Beryl Street, Redondo Beach, CA, 90277
Telephone: 888-596-4636

Navigoe, LLC is a large advisory firm based in Redondo Beach. It manages $232.2 million of regulatory assets for 531 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of California.

Navigoe provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Navigoe: assets under management

The assets under management (AUM) of Navigoe, LLC is $232.2 million. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $231.37 million in discretionary accounts and $832 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $439.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $166.4 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is state and local bonds, which make up 4% of the firm’s portfolio. Investments in pooled investment vehicles form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Navigoe, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Scott Alan Leonard serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Scott Alan Leonard is high net worth individuals with 63 clients and $195.85 million of assets under management. Among the 9 most similar advisory firms, Navigoe has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $232.2 million for 135 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.

Navigoe doesn't advise any private funds.

Careers at Navigoe, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Scott Alan Leonard has been acting as President since 1 Aug 2013. Eric Seiji Toya joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Alan Leonard	President	1 Aug 2013	Other	2218530
Eric Seiji Toya	Chief compliance officer	1 Aug 2013	Other	2827008
Leonard Family Trust	Owner	1 Aug 2013	75% - 100%	xxx-xx-xxxx

Based in Redondo Beach

The principal office where Navigoe, LLC performs its advisory services is located at 417 Beryl Street, Redondo Beach, CA 90277, 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 888-596-4636 or by fax 310-861-1755. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at navigoe.com.