1607 Capital Partners, LLC is a large advisory firm based in Richmond. It manages $3.26 billion of regulatory assets for 31 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Virginia.
1607 Capital Partners provides portfolio management for individuals and small businesses, 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.
The assets under management (AUM) of 1607 Capital Partners, LLC is $3.26 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6296% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay 1607 Capital 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.
The firm provides services to charitable organizations, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of 1607 Capital Partners is pooled investment vehicles with 6 clients and $1.32 billion of assets under management. Among the 10 most similar advisory firms, 1607 Capital Partners has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $2.84 billion for 22 clients. None of the firm’s clients are foreign persons or businesses.
1607 Capital Partners also advises several private funds. Namely, three hedge funds and three other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $3,000,000.
The company employs 14 people that are either part- or full-time employees. 50 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.
The principal office where 1607 Capital Partners, LLC performs its advisory services is located at 13 S. 13 Th Street, Richmond, VA 23219, 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 804.525.1750 or by fax 804.934.0014. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at 1607capital.com.