Portolan Capital Management, LLC (Boston)

Name: Portolan Capital Management, LLC
Address: Two International Place, Boston, MA, 02110
Telephone: 617-753-6400

Portolan Capital Management, LLC is a large advisory firm based in Boston. It manages $918.68 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts.

Portolan Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Portolan Capital Management: assets under management

The assets under management (AUM) of Portolan Capital Management, LLC is $918.68 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 113% since the beginning of its operation, and $61.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $918.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $51.04 million each.

Portolan Capital Management has custody of $61.44 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 83% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio.

Fees & Commissions

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

The firm provides services to investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Portolan Capital Management is investment companies with 1 clients and $413 million of assets under management. Among the 7 most similar advisory firms, Portolan Capital Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $820.99 million for 17 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 11% of the firm’s clients are foreign persons or businesses.

Portolan Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Portolan Capital Management, LLC

The company employs 11 people that are either part- or full-time employees. 45 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
George Frederic Mccabe	Chief investment officer, managing director, and sole member	1 Dec 2004	75% - 100%	5072396
Nancy Jean Bonner	Chief compliance officer	1 Dec 2004	Other	1816875
Christopher Samuel Nardone	Chief financial officer	1 Dec 2010	Other	5183494
Demetrios Koutsourakis	Chief operating officer	1 Apr 2013	Other	2782606
Christopher Samuel Nardone	Chief compliance officer and chief financial officer	1 Nov 2014	Other	5183494
Nancy Jean Bonner	Chief operating officer	1 Nov 2014	Other	1816875

Based in Boston

The principal office where Portolan Capital Management, LLC performs its advisory services is located at Two International Place, Boston, MA 02110, 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 617-753-6400 or by fax 617-753-6450. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at portolan.com.