Greenbacker Capital Management LLC (Portland)

Greenbacker Capital Management LLC is a large advisory firm based in Portland. It manages $318 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Maine and New York.

Greenbacker Capital Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Greenbacker Capital Management: assets under management

The assets under management (AUM) of Greenbacker Capital Management LLC is $318 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 996% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $318 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $318 million each.

Greenbacker Capital Management has custody of $40 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greenbacker Capital Management 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 Greenbacker Capital Management serves?

The only and largest group of clients of Greenbacker Capital Management is pooled investment vehicles with 1 clients and $318 million of assets under management. Among the 9 most similar advisory firms, Greenbacker Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $318 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Greenbacker Capital Management doesn't advise any private funds.

Careers at Greenbacker Capital Management LLC

The company employs 50 people that are either part- or full-time employees. 12 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.

Charles Warwick Stiles Wheeler has served as the Chief Investment Officer since 1 Jan 2012 and David Harris Sher is the Chief Executive Officer of Greenbacker Capital Management LLC family office. R2 Funding Llc joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Greenbacker Group Llc	Member	1 Dec 2011	75% - 100%	27-4740432
Strategic Capital Advisory Services Llc	Member	1 Dec 2011	25% - 50%	32-0409470
Charles Warwick Stiles Wheeler	Chief investment officer	1 Jan 2012	Other	5409762
David Harris Sher	Chief executive officer	1 Jan 2012	Other	2417119
Richard Craig Butt	Chief financial officer and chief compliance officer	1 Nov 2013	Other	2151689

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Strategic Capital Management Holdings	Sole member	1 Apr 2010	75% - 100%	27-2193498
Gbacker Management Llc	Member	1 Apr 2014	25% - 50%	27-4740432
Llc Rcs Capital Holdings	Sole member	1 Aug 2014	75% - 100%	46-4779238
Rcs Capital Corporation	Sole member	1 Aug 2014	75% - 100%	38-3894716
R2 Funding Llc	Member	1 Sep 2017	25% - 50%	82-2662038
Anand Navin Gajjar	Member	1 Sep 2017	25% - 50%	2752938
Robert Patrick Brennan	Member	1 Sep 2017	25% - 50%	1199248

Based in Portland

The principal office where Greenbacker Capital Management LLC performs its advisory services is located at 30 Danforth Street, Portland, ME 04101, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-556-6611. The normal business hours are 9am - 5pm on Monday - Friday.