Pan Reliance LLC (New York)

Name: Pan Reliance LLC
Address: 750 Lexington Avenue, New York, NY, 10022 9815
Telephone: 212-612-1530

Pan Reliance LLC is a mid-sized advisory firm based in New York. It manages $52.2 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New York.

Pan Reliance provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pan Reliance: assets under management

The assets under management (AUM) of Pan Reliance LLC is $52.2 million. The firm's AUM has gone down by -48% since the beginning of its operation, and $14.69 million of the total AUM is attributable to clients outside of the United States.

The firm manages $50.7 million in discretionary accounts and $1.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.45 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $750 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pan Reliance LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pan Reliance serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Pan Reliance is pooled investment vehicles with 2 clients and $47.95 million of assets under management. Among the 2 most similar advisory firms, Pan Reliance has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $52.2 million for 6 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 23% of the firm’s clients are foreign persons or businesses.

Pan Reliance also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Pan Reliance LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Northern Star Capital Holdings Llc	Member	1 Jan 2010	25% - 50%	27-1261043
Amanda Harris Haynes Dale	Managing director and chief compliance officer	1 Jan 2010	Other	822804
Justin Peter Lowe	Managing director	1 Jan 2010	Other	3114310
Principle Advisors Llc	Member	1 Jan 2010	75% - 100%	27-1261043
William Trevor Uhl	Manager and chief compliance officer	1 Jan 2010	Other	5753933
Inc. A.H. Haynes & Co.	Member	1 Jul 2010	50% - 75%	11826
Inc. A.H. Haynes & Co	Member	1 Nov 2010	50% - 75%	163716
Inc. A.H. Haynes & Co.	Member	1 Nov 2010	50% - 75%	13-3770048
Patrick Robert Lebedis	Managing member	1 Apr 2013	Other	4046716

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Amanda Harris Haynes Dale	President	1 Jun 1981	75% - 100%	822804
Amanda Harris Haynes Dale	President	1 May 1994	75% - 100%	822804
Justin Peter Lowe	Manager	1 Nov 2009	50% - 75%	3114310
William Trevor Uhl	Manager	1 Nov 2009	50% - 75%	5753933
Patrick Robert Lebedis	Manager	1 May 2013	25% - 50%	4046716

Based in New York

The principal office where Pan Reliance LLC performs its advisory services is located at 750 Lexington Avenue, New York, NY 10022 9815, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-612-1530. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at panreliance.com/.