Open Square Capital, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$18,000,000
This total excludes 1 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Total clients
4
25% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
4
Average account size
$4,500,000
About
The firm provides discretionary portfolio management to a small number of high-net-worth individuals through separately managed accounts and serves as the general partner and manager of a private investment limited partnership (a pooled investment vehicle). Its client base is limited in size and includes both SMA clients and investors in the private partnership.
The adviser follows a value-oriented, fundamental analysis approach with a long-term investment horizon, seeking businesses trading below estimated intrinsic value. For the private partnership the strategy is concentrated, typically holding a relatively small number of positions to focus capital on high-conviction ideas, which increases exposure to issuer- and sector-specific risk.
What is distinctive for a solo independent adviser is that the firm both sponsors and manages a private pooled vehicle while simultaneously managing separate accounts on a side-by-side basis and charging performance-based compensation available only to investors meeting regulatory qualifications. The brochure discloses the attendant conflicts of interest and describes mitigating practices, including a written code of ethics, the use of qualified custodians, an annual audit of the partnership, and written client authorizations for fee deductions.
Client services
Portfolio management
Expertise
Active portfolio management
Fee options
20% of new profits over a 6% hard hurdle rate for Partnership limited partners
Account minimum: $100,000 for SMA clients; $2,100,000 net worth for Partnership investors (qualified clients)
Main office location
Open Square Capital, LLC
Los Alamitos CA, United States
Number of offices
1
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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