{"url":"https://nivawealth.com/firms/sierra-investment-management-106615","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106615","regulatoryAum":360899484,"crd":"106615","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6617256","suffix":null,"lastName":"BRUMMEL","firstName":"NATHAN","middleName":"HENRY"},{"crd":"4109493","suffix":null,"lastName":"PATEL","firstName":"GIRA","middleName":null},{"crd":"3210547","suffix":null,"lastName":"QUAN","firstName":"MARSHALL","middleName":null},{"crd":"1238247","suffix":null,"lastName":"SLEEPER","firstName":"KENNETH","middleName":"LEE"},{"crd":"1466125","suffix":null,"lastName":"WRIGHT","firstName":"DAVID","middleName":"CHANDLER"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-30","regulatoryAum":516660310,"clients":423,"employees":38,"offices":2},{"filedOn":"2022-07-20","regulatoryAum":495113666,"clients":431,"employees":40,"offices":1},{"filedOn":"2023-03-28","regulatoryAum":415631220,"clients":408,"employees":40,"offices":1},{"filedOn":"2024-07-26","regulatoryAum":388113000,"clients":369,"employees":51,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":385106648,"clients":355,"employees":31,"offices":1},{"filedOn":"2026-07-15","regulatoryAum":360899484,"clients":312,"employees":34,"offices":1}],"secFileNumber":"801-42954","legalName":"Sierra Investment Management, LLC","displayName":"Sierra Investment Management","slug":"sierra-investment-management-106615","website":"https://sierrainvestment.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/106615/c5c5263cf924f760-r1.webp","tone":"light","width":1101,"height":200,"sourceUrl":"https://sierrainvestment.com/","sourceLabel":"Sierra Investment Management, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/sierra-investment-management/posts/?feedView=all","founded":"1992","organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3420 Ocean Park BLVD, Ste 3060","city":"Santa Monica","state":"CA","stateName":"California","country":"United States","postalCode":"90405"},"tradeNames":[],"registration":{"secApproved":"23 December 1992","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1139495.6734693877,"staff":{"employees":34,"advisory":8,"brokerDealerReps":2,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":360899484,"discretionary":360899484,"discretionaryAccounts":759,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":193,"regulatoryAum":75707184},{"label":"High-net-worth individuals","clients":101,"regulatoryAum":259304544},{"label":"Pension and profit-sharing plans","clients":7,"regulatoryAum":12279064},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":712790},{"label":"Corporations and other businesses","clients":3,"regulatoryAum":2109916},{"label":"Other","clients":7,"regulatoryAum":10785986}],"feePrograms":[{"role":"other","program":"Private placement variable annuity advisory","summary":"Investment management for Axcelus PPVA separate accounts is charged a flat 1% Advisory Fee, debited quarterly in advance.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061009","versionId":1061009,"submittedOn":"2026-10-13","documentName":"SIERRA INVESTMENT MANAGEMENT, LLC FORM ADV PART 2A BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T08:12:23.477194+00:00","documents":[{"name":"SIERRA INVESTMENT MANAGEMENT, LLC FORM ADV PART 2A BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061009","versionId":1061009,"submittedOn":"2026-10-13"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":347012664}],"custodyNote":"Sierra Investment Management has custody of $227M in client assets for 213 clients.","leadership":[{"name":"Albert Schweiss","title":"Chief Executive Officer","crd":"1676345"},{"name":"Annalisa Donati","title":"Chief Financial Officer","crd":"7993112"},{"name":"Kristine Stromeyer","title":"Chief Operating Officer","crd":"6707153"},{"name":"Erik Morris","title":"Chief Compliance Officer","crd":"5250688"},{"name":"Vanda Freesman","title":"Chief Marketing Officer","crd":"6020533"},{"name":"Ryan Harder","title":"Chief Investment Strategist","crd":"4791838"},{"name":"Kenneth Sleeper","title":"Managing Member","crd":"1238247"},{"name":"James Staubin","title":"Chief Investment Officer","crd":"3114113"},{"name":"David Wright","title":"Managing Member","crd":"1466125"}],"ownership":[{"label":"Sierra Investments Group, LLC","detail":"Owner in the 75% or more ownership band and a control person, since October 2024."},{"label":"Sierra Investments Holdings, LLC","detail":"Indirect owner: a owner of Sierra Investments Group, LLC in the 75% or more band and a control person, since October 2024.","parent":"Sierra Investments Group, LLC"},{"label":"Ocean Park Asset Management, Inc","detail":"Indirect owner: a owner of Sierra Investments Holdings, LLC in the 50% to 75% band and a control person, since October 2024.","parent":"Sierra Investments Holdings, LLC"},{"label":"David Wright","detail":"Indirect owner: trustee of The Zofia and David Wright Family Trust and a control person, since October 1989.","parent":"The Zofia and David Wright Family Trust"},{"label":"Kenneth Sleeper","detail":"Indirect owner: a owner of Ocean Park Asset Management, Inc in the 50% to 75% band and a control person, since October 1989.","parent":"Ocean Park Asset Management, Inc"},{"label":"The Zofia and David Wright Family Trust","detail":"Indirect owner: a owner of Ocean Park Asset Management, Inc in the 50% to 75% band and a control person, since January 2026.","parent":"Ocean Park Asset Management, Inc"},{"label":"Zofia Wright","detail":"Indirect owner: trustee of The Zofia and David Wright Family Trust, since January 2026.","parent":"The Zofia and David Wright Family Trust"}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"3420 Ocean Park BLVD, Ste 3060","city":"Santa Monica","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"310-452-1887","stateRegisteredReps":6,"otherAdviserReps":6,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Other"],"financialPlanningClients":"1-10","assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"15 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106615/PDF/106615.pdf","brochureDate":"13 October 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1061009","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-26","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Sierra Investment Management have?","answer":"Sierra Investment Management has 312 clients and manages $361 million for them, as of July 2026. They include 193 individual clients, 101 high-net-worth individuals, and 7 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 15 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Sierra Investment Management offer?","answer":"Sierra Investment Management provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Sierra Investment Management use?","answer":"Sierra Investment Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $347M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Sierra Investment Management have?","answer":"Sierra Investment Management has 6 investment adviser representatives registered with state securities authorities, out of 34 employees, and 8 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 0 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Sierra Investment Management invest in?","answer":"At the end of its last fiscal year, Sierra Investment Management’s separately managed accounts held 100% registered funds (mutual funds, ETFs, BDCs).","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Sierra Investment Management?","answer":"Sierra Investment Management is owned through a chain of holding companies by Kenneth Sleeper. Its direct owner is Sierra Investments Group, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 15 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Sierra Investment Management get paid?","answer":"Sierra Investment Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Sierra Investment Management registered with the SEC?","answer":"Yes, Sierra Investment Management has been registered with the SEC as an investment adviser since 23 December 1992. Its CRD number is 106615 and its SEC file number is 801-42954.","source":"Form ADV Part 1A, Item 1, filed 15 July 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Sierra Investment Management?","answer":"Sierra Investment Management’s main office is at 3420 Ocean Park BLVD, Ste 3060, Santa Monica, CA 90405. Its phone number is 310-452-1887. Its website is sierrainvestment.com.","source":"Form ADV Part 1A, Item 1.F, filed 15 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}