Elm Partners Management LLC (Philadelphia)


Elm Partners Management LLC is a large advisory firm based in Philadelphia. It manages $742.94 million of regulatory assets for 245 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Colorado, Connecticut, and 12 other states.

Elm Partners Management 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.

Elm Partners Management: assets under management

The assets under management (AUM) of Elm Partners Management LLC is $742.94 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 357% since the beginning of its operation, and $234.35 million of the total AUM is attributable to clients outside of the United States.

The firm manages $742.94 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.03 million each.
Elm Partners Management has custody of $435.82 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is government bonds, which make up 25% of the firm’s portfolio. Investments in investment and business development companies form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Elm Partners Management LLC for their services and products based on a percentage of assets under management. 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 Elm Partners Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Elm Partners Management is pooled investment vehicles with 2 clients and $435.82 million of assets under management. Among the 10 most similar advisory firms, Elm Partners Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $742.94 million for 216 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 8% of the firm’s clients are foreign persons or businesses.

Elm Partners Management also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $2,000,000.

Careers at Elm Partners Management LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Samantha Joanne Mcbride joined the executive team most recently as the Portfolio Manager & Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Cygnet Capital Llc Holding company parent 1 Mar 2012 75% - 100% 20-1935322
Victor John Haghani Managing member and chief compliance officer 1 Mar 2012 Other 1356309
Samantha Joanne Mcbride Portfolio manager & chief compliance officer 1 Oct 2014 Other 6630767
James Woodson White Chief executive officer 1 Nov 2017 Other 4875996

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Celeste Lee Haghani Member 1 Mar 2012 Other 6184676
Celeste Leema Haghani Member 1 Mar 2012 Other 6184676

Based in Philadelphia

The principal office where Elm Partners Management LLC performs its advisory services is located at 1430 Walnut Street, Philadelphia, PA 19102, which is also the mailing address of the firm. An additional office of the firm is in Wilson, WY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (800) 459-7591 or by fax (307) 333-0246. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at elmpartnersam.com and its LinkedIn profile.