Elk Creek Partners, LLC (Denver)


Elk Creek Partners, LLC is a large advisory firm based in Denver. It manages $1.25 billion of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Colorado, Louisiana, and Texas.

Elk Creek Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Elk Creek Partners: assets under management

The assets under management (AUM) of Elk Creek Partners, LLC is $1.25 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 90850% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.25 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $36.82 million each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Elk Creek Partners, 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 Elk Creek Partners serves?

The firm provides services to investment companies, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Elk Creek Partners is pension and profit sharing plans with 18 clients and $646.1 million of assets under management. Among the 8 most similar advisory firms, Elk Creek Partners has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $875.75 million for 25 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Elk Creek Partners doesn't advise any private funds.

Careers at Elk Creek Partners, LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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
Hiren R Patel Member 1 Apr 2011 Other 4607738
Jerome Chambers Philpott Member 1 Apr 2011 Other 1885960
David Lawrence Hand Member 1 Apr 2011 Other 4573452
Sean William Mcginnis Member 1 Apr 2011 Other 3120238
Lawrence Marx Member 1 Apr 2011 Other 2369387
Joshua Freedman Chief compliance officer/chief operating officer 1 Apr 2011 Other 2364183

Based in Denver

The principal office where Elk Creek Partners, LLC performs its advisory services is located at 44 Cook Street, Denver, CO 80206 The mailing address of the firm is 44 Cook St., Denver, CO 80206. An additional office of the firm is in Mill Valley, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 720-381-1151 or by fax 720-381-1159. The normal business hours are 7 am - 4 pm on Monday - Friday. You can find more information about the New York firm at elkcreekpartners.com.