Angeles Investments

What Angeles Investments does

Angeles Investments is a privately held, 100% employee-owned multi-asset investment firm founded in 2001 and headquartered in Santa Monica, California. The firm operates two primary business lines from four U.S. offices (Santa Monica, New York, Houston, Dallas): an Outsourced Chief Investment Officer (OCIO) and advisory practice serving institutional clients such as endowments, foundations, and nonprofits, and a private wealth and family office practice serving high-net-worth and ultra-high-net-worth individuals, families, trusts, and estates. As of March 31, 2026, Angeles reported $44.9 billion in total client assets, split between $7.2 billion in discretionary OCIO AUM, $35 billion in non-discretionary advisory AUM, and $2.7 billion in private wealth AUM.

The firm's core technology is a proprietary multi-asset investment management platform that combines in-house research, customized portfolio construction across all asset classes, and back-office support, with a Mission-Related Investing program that integrates philanthropic and investment objectives. Revenue is generated almost entirely through recurring, asset-based advisory and management fees charged on AUM, supplemented by fully discretionary fees on OCIO mandates and non-discretionary advisory fees on the larger advisory book. Distribution is relationship-driven: senior managing directors and partners engage institutional and UHNW prospects directly, supported by inside sales and a Chief Growth Officer.

In recent years Angeles has expanded through acquisition and product extension — forming Angeles Private Investment Company (APIC) in 2023, acquiring boutique family office XO Capital in 2025 and launching Angeles Family Office (AFO) in January 2026, opening a Dallas office in March 2026, and securing a flagship presence in The Rolex Building in Manhattan. The firm is SEC-registered, claims GIPS compliance, is a PRI signatory, and holds B Corporation certification (recertified August 2025). Angeles has been named a Greenwich Best Investment Consultant among midsize advisors for eight consecutive years (2017-2025) and has no external funding, parent company, or public listing.

Name

Angeles Investments

Legal name

Angeles Investment Advisors, LLC

Website

https://angelesinvestments.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Angeles Investments is a 100% employee-owned multi-asset investment firm founded in 2001 that delivers outsourced CIO and advisory services to institutional clients (endowments, foundations, nonprofits) and private wealth and family office services to ultra-high-net-worth families, managing $44.9 billion in client assets as of March 2026.

Ownership category

akta.pro rank

Product category

Investment Management & Wealth Advisory

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

OCIO & Multi-Asset Outsourced Portfolio Management (FSAAAJAF)

akta.pro secondary industries

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Family Office Advisory (Single/Multi-Family) (FSAEAAAI), Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)

Keywords

• Outsourced investment office
• Private wealth management
• Multi-asset investment solutions
• Family office services
• Institutional investment advisory

Headquarters

HQ city

Santa Monica

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Discretionary OCIO Management: Discretionary investment management fees based on assets under management. AIA manages $7.1 billion in discretionary assets as of September 30, 2025.
2. Advisory Services: Non-discretionary advisory fees charged on $35 billion advisory client assets. Angeles does not have discretion over asset allocation decisions but charges a fee for advisory services.
3. Private Wealth Management: Wealth management and family office services managing approximately $2.7 billion in assets under management as of December 25, 2025.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Angeles Investments is a multi-asset investment firm providing Outsourced Chief Investment Officer (OCIO) and investment advisory services to institutional clients such as endowments, foundations, and non-profits, alongside discretionary private wealth management and family office services for high-net-worth and ultra-high-net-worth families. The firm builds customized portfolios across asset classes using proprietary research, portfolio implementation, and comprehensive back-office support, and integrates investment management with estate, cash-flow, and philanthropic services through its family office affiliate.

Product overview

Angeles Investments operates as a multi-asset investment firm with two primary business segments: Institutional OCIO & Advisory services (providing outsourced investment office solutions to institutions like endowments and foundations) and Private Wealth & Family Office services (serving high-net-worth and ultra-high-net-worth individuals and families). The firm recently launched Angeles Family Office (AFO) in January 2026 through the acquisition of XO Capital, creating a comprehensive family office offering. Additional offerings include a Mission-Related Investing Program for impact-focused investors and Angeles Private Investment Company (APIC) for private markets. Angeles Investment Advisors oversees discretionary and advisory assets, while Angeles Wealth Management focuses on private client services.

Differentiator

Problem solved

Functional benefit

Products and services

• Institutional OCIO & Advisory Outsourced Chief Investment Officer (OCIO) and investment advisory services for institutional clients including endowments, foundations, and non-profit organizations, providing proprietary research, customized portfolio construction, portfolio implementation, and comprehensive back-office support as a seamless extension of the institution's investment team.
• Private Wealth Management Discretionary portfolio and wealth management services for high-net-worth and ultra-high-net-worth individuals, families, trusts, and estates, providing institutional-quality investment solutions and access typically reserved for large institutional investors.
• Angeles Family Office (AFO) Dedicated family office affiliate serving ultra-high-net-worth families with comprehensive services including estate planning coordination, bill pay, cash-flow management, balance sheet reporting, investment management, and philanthropic services.
• Angeles Private Investment Company (APIC) Private investment company subsidiary expanding Angeles Investments' private markets capabilities for institutional and private wealth clients, operating under a separate CEO and dedicated brand within the firm.

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• XO CapitalcoreStrategic or Co-development Partner · 13 January 2026XO Capital was acquired by Angeles Wealth Management in January 2026, marking the launch of Angeles Family Office (AFO). XO Capital was a boutique firm offering comprehensive family office and investment management services founded in 2021 by Adam Stern and Jason Oclaray. The acquisition combines institutional investing capabilities, wealth management expertise, and sophisticated family office services.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Cambridge Associates: Cambridge Associates is a direct peer providing OCIO, investment research, and portfolio implementation services to institutional clients (endowments, foundations) and private wealth clients. It is widely regarded as the premier mid-to-large OCIO provider competing directly with Angeles in the institutional advisory market.
• NEPC: NEPC is a direct OCIO and investment consulting peer serving institutional clients including endowments, foundations, and pension funds. Like Angeles, NEPC focuses on OCIO services for institutions and offers customized portfolio construction across asset classes.
• Marquette Associates: Marquette Associates is a direct peer providing institutional investment consulting and OCIO services to endowments, foundations, and pension funds. The firm is comparable in size and business model to Angeles Investment Advisors.
• Verus Investments: Verus is a direct peer offering OCIO, investment consulting, and discretionary management to institutional clients including endowments, foundations, and corporate pensions. Comparable OCIO-focused mid-size firm competing in similar client segments.
• Meketa Investment Group: Meketa is a direct peer providing OCIO and investment consulting services to institutional clients. Comparable mid-size OCIO competitor targeting endowments, foundations, and corporate pensions.
• Bessemer Trust: Bessemer Trust is a direct peer providing multi-family office and wealth management services to UHNW families. Comparable to Angeles Family Office in serving wealthy families with institutional-quality investment management and comprehensive family office services.
• Glenmede: Glenmede is a direct peer providing investment management and wealth advisory services to UHNW families and institutional clients. Comparable to Angeles Wealth Management with similar employee-owned structure and family office focus.

Broad incumbents

• Mercer Investments: Mercer is a broad incumbent providing OCIO, investment consulting, and wealth management services globally as part of Marsh McLennan. Competes with Angeles for institutional OCIO mandates but operates at much greater scale and geographic breadth.
• Russell Investments: Russell Investments is a broad incumbent offering OCIO, investment management, and consulting services to institutional clients globally. A direct competitor in OCIO but with significantly larger AUM and broader product capabilities.
• Brown Brothers Harriman (BBH) Wealth Management: BBH Wealth Management is a broad incumbent providing private banking, investment management, and family office services to UHNW families. Competes with Angeles Wealth and Angeles Family Office but operates as part of the larger BBH financial services franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/angeles-investments
• Facebookfacebook.com/angelesinvestments

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Angeles Investments