Wealth manager, independent · SAN Francisco, CA
Osterweis Capital Management
Osterweis Capital Management Inc · SEC-registered investment adviser · CRD 105421 · SEC 801-18395
At a glance
Osterweis Capital Management is an SEC-registered investment adviser based in SAN Francisco, California, with $439 million in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 33 individual clients. By Form ADV it is a wealth manager, ranked 3,226th of 8,915 wealth managers and 8,382nd of 17,210 SEC-registered advisers by assets.
Main office 415-434-4441osterweis.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $439M
- Rank among wealth managers
- #3,226 of 8,915
- Rank among all SEC RIAs
- #8,382 of 17,210
- Rank in California
- #971 of 1,873
- Individual clients
- 33
- High-net-worth clients
- 33
- Accounts
- 35
- Discretionary
- 100% of AUM
- Employees
- 66
- Advisory staff
- 14
- Offices
- 1
Owners and executives on its Form ADV
- John S. OsterweisChairman
- John S. OsterweisTrustee, Osterweis Revocable Trust
- John F. TavernettiChief Compliance Officer
- Gregory S. HermanskiTrustee, Hermanski Family Trust
- Carl P. KaufmanTrustee, Carl Kaufman & Martha Angove Revocable Trust
- Martha E. AngoveTrustee, Carl Kaufman & Martha Angove Revocable Trust
- Catherine HalberstadtCo-Ceo and Co-President
- Rebecca D. HermanskiTrustee, Hermanski Family Trust
- Sarah ChangTrustee, Eubanks/chang Family Trust
- Shawn M. EubanksTrustee, Eubanks/chang Family Trust
- Bradley M. KaneTrustee, Kane Family Trust DTD 6/27/2005
- Rachel Z. KaneTrustee, Kane Family Trust DTD 6/27/2005
Custody and brokerage
Broker-dealer
Hybrid RIA
Osterweis Capital Management is a hybrid RIA: 8 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names Quasar Distributors as the broker-dealer its advisers are registered with.
hese funds. • A number of OCM Inc. employees are Registered Representatives of Quasar Distributors, LLC, a broker-dealer registered with Financial Industry Regulatory Authority (“FINRA”), which serves as the distributor of the Osterweis Fu
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 33 | $276M | 63% |
| Investment companies | 1 | $148M | 34% |
| State or municipal government entities | – | $15M | 3% |
Disciplinary disclosures
Osterweis Capital Management reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗osterweis.com ↗
AtlasMembers
The full record on Osterweis Capital Management
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 5,784 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 17 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Osterweis Capital Management manage?
Osterweis Capital Management reports $439 million in regulatory assets under management across 35 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Osterweis Capital Management?
Osterweis Capital Management is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Osterweis Capital Management’s clients?
By assets, its largest client types are high-net-worth individuals ($276 million, 33 clients); investment companies ($148 million, 1 clients); state or municipal government entities ($15 million).
Does Osterweis Capital Management have any disciplinary history?
Osterweis Capital Management reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Osterweis Capital Management’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →