David Siemer is a registered investment advisor at Wave Digital Assets LLC, based in Los Angeles, CA, with 17 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Investment Management. Their firm serves 30 clients with $350M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Wave Digital Assets generally receives management fees ranging from 0.1% to 2.0% annually, based on the value of assets under management. Fees are paid monthly or quarterly. One client paid a 5.0% upfront management fee related to a long-term buy and hold strategy. Fees are negotiated and may vary depending on account size, management style, and investment restrictions.
Location
12400 Wilshire Boulevard, Los Angeles, CA, 90025
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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David is a managing member of Siemer Ventures since 2011, and a managing partner at Wavemaker Partners since 2014, both venture capital funds. He is also a managing member of Wavemaker Genesis, a hedge fund, since 2018, dedicating about a quarter of his time.
Employment History
Current Registrations
Wave Digital Assets LLC
Previous Registrations
Wave Financial
Bond Lane Partners LLCBroker
China Ecapital Partners, LLCBroker
Montgomery & CO., LLCBroker
State Registrations1 state
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