Cleveralpha
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$28,324,971
Clients
55
20% high-net-worth
Advisors
1
of 4 employees
Firm type
Supported
1-4 advisors or >$200M in AUM
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
55
TypicalAverage account size
$514,999
About
CleverAlpha provides discretionary investment management primarily through an interactive digital platform (a robo-advisor), offering a standard algorithmic service and an optional premium AI-based tax-optimization tier. The firm serves individual and high-net-worth clients and also accepts corporations, other investment adviser clients, and banking or thrift institution clients.
Portfolios are built using quantitative models (including a CAPM/Black-Litterman framework) and are implemented mainly with ETFs, with continuous algorithmic monitoring and automated rebalancing; the premium service applies an AI-driven relative tax-burden scoring process for asset location while limiting AI use to decision support and requiring human review. The firm participates in a wrap fee program and directs custody to a designated custodian, with fee-deduction and custodial reporting handled through that relationship.
Noteworthy operational features include an internet-first delivery model, explicit controls to anonymize data and prevent PII from being sent to large language models, and integrations with payment processors for account funding and fee collection. CleverAlpha also does not vote proxies on clients’ behalf, leaving proxy materials and shareholder voting responsibility with clients.
Client services
Portfolio management
Expertise
Tax-loss harvesting
Passive / index investing
Fee options
$0 - $5,000: $1.00 per month (flat fee) $5,001 - null: 0.25% per annum for Digital Service $0 - null: Up to 0.50% per annum for Premium Service (AITax-Optimization)
Minimum fee: $1.00 per month for accounts $0 to $5,000 in Digital Service Fee-only: Management fees charged monthly based on account value; no commissions
Main office location
Cleveralpha
5155 West Rosecrans Avenue, Suite 320 A
Hawthorne CA 90250, United States
Number of offices
1
Most active in
Cleveralpha has reported serving >5 clients in these states in the last 12 months.
California
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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