Hemisphere Partners LLC (New York)

Hemisphere Partners LLC is a large advisory firm based in New York. It manages $239.63 million of regulatory assets for 190 client accounts. It has been registered with the SEC as an adviser since 2005.

Hemisphere Partners provides portfolio management for individuals and small businesses, selection of other advisers, and family office services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hemisphere Partners: assets under management

The assets under management (AUM) of Hemisphere Partners LLC is $239.63 million. The firm's AUM has grown by 912% since the beginning of its operation, and $226 million of the total AUM is attributable to clients outside of the United States.

The firm manages $225.18 million in discretionary accounts and $14.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.29 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $903.46 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 43% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in government bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hemisphere Partners 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 Hemisphere Partners serves?

The only and largest group of clients of Hemisphere Partners is high net worth individuals with 50 clients and $239.63 million of assets under management. Among the 9 most similar advisory firms, Hemisphere Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $239.63 million for 50 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 90% of the firm’s clients are foreign persons or businesses.

Hemisphere Partners doesn't advise any private funds.

Careers at Hemisphere Partners LLC

The company employs 2 people that are either part- or full-time employees. 100 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
Mitchell S Heller	Managing director & chief compliance officer	1 Feb 2005	50% - 75%	2953300
Rosemarie Marino	Managing director	1 Jun 2005	50% - 75%	1630607

Based in New York

The principal office where Hemisphere Partners LLC performs its advisory services is located at 641 Lexington Avenue, New York, NY 10022, 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 212-520-8280 or by fax 212-520-8281. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday.