John Frye

Personal Finance, Retirement, Investing
“With over 38 years of experience in the investment field, John Frye is Chief Investment Officer and a founder of Crane Asset Management LLC who oversees all aspects of Crane's investment and portfolio management process.”

Crane Asset Management LLC

Job Title:

Chief Investment Officer


Crane Asset Management LLC is a full-service investment counseling firm providing investment management services to private individuals, retirement plans, endowments, and charitable foundations. All accounts are managed on a discretionary basis. John Frye founded the firm in 2003, with a partner who remains Chief Operating Officer. They work with all of their clients to formulate a long-term investment strategy that will meet their investment objectives while addressing their risk profiles. Understanding their clients in this way enables them to develop unique plans based upon each of their clients’ needs to help them achieve their financial goals.

Before co-founding Crane Asset Management LLC, John served as Executive Vice President and Portfolio Manager at Renberg & Associates in Beverly Hills. He began his career with E. F. Hutton & Company in New York and subsequently worked with Alex. Brown & Sons in Baltimore. He received his Bachelor of Arts in Politics from Princeton University in 1977 and his M.B.A. from Columbia University Graduate School of Business. John holds the Chartered Financial Analyst® designation and is a member of the CFA Society of Los Angeles.


BA, Politics, Princeton University
MBA, Finance, Columbia Graduate School of Business

Assets Under Management:

$92 million

Fee Structure:


CRD Number:



Crane Asset Management is registered with the State of California. A copy of Crane's Form ADV filing (Parts 2A and 2B) can be accessed here. In addition, Crane's Form ADV (Part 1) can be downloaded from the SEC's website. (Type in Crane's name in the field provided and follow the instructions on the site to download the information required.)

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    Debt, Financial Planning, Retirement, Pensions, Social Security, Real Estate
Should my wife and I deplete our cash reserves, withdraw from my 401(k), or use a HELOC to finance home improvements?
100% of people found this answer helpful

Get as big a first mortgage as you can (more than $115,000 if possible; 70% LTV would get you $185,000).  With over $7,000 in monthly pension income plus her salary, you should easily qualify.  A HELOC is a good fallback but rates on HELOCs are higher so try for the first mortgage.  A 30-year mortgage will have a much lower payment than a 15-year so go for the lowest payment.  Don't touch your savings.

I am really writing to tell you to wait on collecting Social Security.  You are much better off not taking the smaller payout at 62, and waiting until 66 for the bigger check.  The difference is about 8% per year.  Sell the land and live on the proceeds for the next four years.

If you do this, also invest the $70,000 ($155,000 if you sell the land) in something that pays a higher rate than your mortgage.  You can do this with relatively low risk if you own REITs or a preferred-stock fund.  Good luck.

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