Frank, Rimerman Advisors LLC (Palo Alto)

Name: Frank, Rimerman Advisors LLC
Address: 1801 Page Mill Road, Palo Alto, CA, 94304
Telephone: 650-845-8100

Frank, Rimerman Advisors LLC is a large advisory firm based in Palo Alto. It manages $877.86 million of regulatory assets for 93 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of California.

Frank, Rimerman Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and general investment advice, portfolio evaluations. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Frank, Rimerman Advisors: assets under management

The assets under management (AUM) of Frank, Rimerman Advisors LLC is $877.86 million. The firm's AUM has grown by 65% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $797.56 million in discretionary accounts and $80.31 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.86 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $26.77 million.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is investment and business development companies, which make up 14% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Frank, Rimerman Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Patricia Farrar Rivas serves?

The only and largest group of clients of Patricia Farrar Rivas is high net worth individuals with 93 clients and $877.86 million of assets under management. Among the 9 most similar advisory firms, Frank, Rimerman Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $877.86 million for 93 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.

Frank, Rimerman Advisors doesn't advise any private funds.

Careers at Frank, Rimerman Advisors 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. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Patricia Farrar Rivas has been acting as President since 1 Oct 2001. Brian Matthew Kreischer joined the executive team most recently as the Manager Of Frank, Rimerman Advisors Llc.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rimerman + Co. Llp Frank	Member	1 Oct 2001	75% - 100%	94-1341042
Patricia Farrar Rivas	Director	1 Oct 2001	Other	2305714
Rimerman & Co. Llp Frank	Member	1 Oct 2001	75% - 100%	94-1341042
Bryan Charles Polster	Manager of frank, rimerman advisors llc	1 Oct 2001	Other	4625717
Larry Van Gentry	Chief compliance officer	1 Nov 2007	Other	5473539
Brian Matthew Kreischer	Manager of frank, rimerman advisors llc	1 Jan 2015	Other	4625727

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Michael Albero	Cpa of frank, rimerman & co., llp	1 Oct 2001	Other	4625720
Stephen Mark Baroni	Cpa of frank, rimerman & co., llp	1 Oct 2001	Other	4625721
Melissa Carbullido Henderson	Owner of frank, rimerman & co., llp	1 Oct 2001	Other	4625722
Karisa Lee Chin	Owner of frank, rimerman & co., llp	1 Oct 2001	Other	4625723
Michael Curtis Knowles	Owner of frank, rimerman & co., llp	1 Oct 2001	Other	4625725
Brian Matthew Kreischer	Cpa of frank, rimerman & co., llp	1 Oct 2001	Other	4625727
Jill Ann Lervold	Owner of frank, rimerman & co., llp	1 Oct 2001	Other	4625729
Anne Flatland Macdonald	Owner of frank, rimerman & co., llp	1 Oct 2001	Other	4625731
Nancy Lynn Moriarty	Cpa of frank, rimerman & co., llp	1 Oct 2001	Other	4625732
Frank Francis Pasacreta	Owner of frank, rimerman & co., llp	1 Oct 2001	Other	4625733
Andrew Bradley Wyatt	Owner of frank, rimerman & co., llp	1 Oct 2001	Other	4625734
Anthony Vincent Mancini	Cpa of frank, rimerman & co., llp	1 Oct 2001	Other	4680991
Anne Miyo Yamamoto	Owner of frank, rimerman + co	1 Feb 2002	Other	4625736
Michael Joseph Yates	Owner of frank, rimerman + co	1 Feb 2002	Other	1322938

Based in Palo Alto

The principal office where Frank, Rimerman Advisors LLC performs its advisory services is located at 1801 Page Mill Road, Palo Alto, CA 94304, which is also the mailing address of the firm. An additional office of the firm is in San Jose, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-845-8100 or by fax 650-494-1975. 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 fr-co.com.