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David Siemer

Wave Digital Assets LLC
18 Years of Experience
Los Angeles, CA
View SEC Summary
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David Siemer is a registered investment advisor at Wave Digital Assets LLC, based in Los Angeles, CA, with 18 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, High Net Worth, Investment Management. Their firm serves 22 clients with $92M in assets under management.

Wave Digital Assets LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
4 advisors
Number of Clients
22 clients
Average Client Portfolio
$4.2M average
Assets Under Management
$91.9M

Fee Structure

Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Annual management fees generally range from 0.1% to 2.0% of assets under management, payable monthly or quarterly in arrears. One client paid a 5.0% upfront management fee for a long-term buy-and-hold strategy. Clients may also pay performance fees ranging from 5% to 20% or carried interest distributions.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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Location

12400 Wilshire Boulevard, Los Angeles, CA, 90025

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business Activities

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
January 2020 - Present · 6 yrs 9 mos
Previous Registrations
Wave Financial
February 2019 - June 2020 · 1 yr 4 mos
Bond Lane Partners LLCBroker
June 2018 - September 2018 · 3 mos
China Ecapital Partners, LLCBroker
March 2010 - May 2018 · 8 yrs 2 mos
Montgomery & CO., LLCBroker
September 2005 - October 2007 · 2 yrs 1 mo
State Registrations1 state
CA
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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