Parkman Healthcare Partners LLC (Stamford)

Parkman Healthcare Partners LLC is a large advisory firm based in Stamford. It manages $307.79 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Connecticut.

Parkman Healthcare Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Parkman Healthcare Partners: assets under management

The assets under management (AUM) of Parkman Healthcare Partners LLC is $307.79 million, all of which is managed in discretionary accounts. $54.18 million of the total AUM is attributable to clients outside of the United States.

The firm manages $307.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $61.56 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Parkman Healthcare 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 Parkman Healthcare Partners serves?

The only and largest group of clients of Parkman Healthcare Partners is pooled investment vehicles with 5 clients and $307.79 million of assets under management. Among the 10 most similar advisory firms, Parkman Healthcare Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $307.79 million for 5 clients. 40% of the firm’s clients are foreign persons or businesses.

Parkman Healthcare Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Parkman Healthcare Partners LLC

The company employs 5 people that are either part- or full-time employees. 80 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.

Gregory Arthur Martinez has served as the Chief Investment Officer since 1 Nov 2018. Michael Evan Elgort joined the executive team most recently as the Chief Financial Officer / Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Parkman Healthcare Partners Holdings Lp	Sole owner	1 Nov 2018	75% - 100%	83-2601627
Gregory Arthur Martinez	Chief investment officer	1 Nov 2018	Other	7074547
Michael Evan Elgort	Chief financial officer / chief compliance officer	1 Jan 2019	Other	5093850

Based in Stamford

The principal office where Parkman Healthcare Partners LLC performs its advisory services is located at 700 Canal Street, Stamford, CT 06902, 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 (203) 516-3690. The normal business hours are 9am - 5pm on Monday - Friday.