Double Eagle Partners, LLC (Newport Beach)


Double Eagle Partners, LLC is a related adviser based in Newport Beach. It manages $30.32 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of California.

Double Eagle Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and other private investments. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Double Eagle Partners: assets under management

The assets under management (AUM) of Double Eagle Partners, LLC is $30.32 million. The firm's AUM has grown by 499% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $25.41 million in discretionary accounts and $4.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $25.41 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.46 million.
Double Eagle Partners has custody of $25.41 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Double Eagle Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Double Eagle Partners serves?

The only and largest group of clients of Double Eagle Partners is pooled investment vehicles with 2 clients and $27.83 million of assets under management. Among the 2 most similar advisory firms, Double Eagle Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $27.83 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Double Eagle Partners also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Double Eagle Partners, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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 compensates 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
Peter Joseph Pellizzon Member; chief compliance officer 1 Aug 2003 25% - 50% 1236771
Gregory Paul Pellizzon Managing member 1 Aug 2003 25% - 50% 712667
Robert Burr Wolford Member 1 Aug 2003 25% - 50% 1336627
Dale Vaughn Sefarian Member 1 Aug 2003 25% - 50% 1288019
Michael Ashley Schulman Member 1 Jan 2007 Other 5044091

Based in Newport Beach

The principal office where Double Eagle Partners, LLC performs its advisory services is located at 100 Bayview Circle, Suite 500, Newport Beach, CA 92660, 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 949-737-7700 or by fax 949-737-7703. The normal business hours are 7:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at hollencrest.com.