Courtland Partners, Ltd. (Cleveland)

Name: Courtland Partners, Ltd.
Address: 127 Public Square, Cleveland, OH, 44114 1246
Telephone: 216-522-0330

Courtland Partners, Ltd. is a large advisory firm based in Cleveland. It manages $68.91 billion of regulatory assets for 37 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California and Ohio.

Courtland Partners provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and qualified professional asset manager ("qpam"). It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Courtland Partners: assets under management

The assets under management (AUM) of Courtland Partners, Ltd. is $68.91 billion. The firm's AUM has grown by 70% since the beginning of its operation, and $763.38 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.8 billion in discretionary accounts and $67.11 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $149.73 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.68 billion.

Courtland Partners has custody of $269.7 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 99% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Courtland Partners, Ltd. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Courtland Partners serves?

The firm provides services to investment companies, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Courtland Partners is state or municipal government entities with 15 clients and $64.57 billion of assets under management. Among the 10 most similar advisory firms, Courtland Partners has the 2nd highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $67.08 billion for 31 clients. 2% of the firm’s clients are foreign persons or businesses.

Courtland Partners also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Courtland Partners, Ltd.

The company employs 26 people that are either part- or full-time employees. 85 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
Patricia Ann Kleve	Controller	1 Oct 2004	Other	4976238
Michael John Humphrey	Managing principal	1 Jan 2005	Other	4390827
Steven Charles Novick	Principal / coo	1 Jan 2005	Other	4342924
Ltd. Eaton Capital Group	Member	1 Dec 2005	75% - 100%	34-1954579
Benjamin Franklin Blakney	Managing director	1 Sep 2006	Other	2217758
Pru Corporation	Member	1 Dec 2006	Other	20-8100720
Daniel A. Wolnik	Chief financial officer	1 Feb 2008	Other	5655605
Charles Robert Manak	General counsel & chief compliance officer	1 May 2008	Other	5655608
William John Foster	Managing director	1 Dec 2009	Other	2928818
John F. Novatney	Managing director	1 Mar 2013	Other	6313519
Charles Robert Manak	Anti-money laundering compliance officer and general counsel	1 Sep 2015	Other	5655608
Zachary Grant Brown	Chief compliance officer and senior analyst	1 Sep 2015	Other	6532925
Courtland Eppv 2016 Lp	Member	1 Sep 2015	25% - 50%	821869498
Charles Robert Manak	Chief compliance officer, anti-money laundering compliance officer and general counsel	1 Jun 2016	Other	5655608
Steven Charles Novick	Managing principal / coo and member	1 Nov 2016	Other	4342924
Courtland Eppv 2016 Lp	Member	1 Sep 2017	25% - 50%	821869498

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael John Humphrey	Member	1 Dec 2005	75% - 100%	4390827
Michael John Humphrey	Shareholder	1 Dec 2006	75% - 100%	4390827
Joanne Mary Humphrey	Executor of the estate of michael john humphrey as sole member	1 Nov 2016	75% - 100%	6745566
Joanne M Humphrey	Sole member	1 Nov 2016	75% - 100%	6745566
Pru Corporation	General partner	1 Jan 2017	Other	20-8100720

Based in Cleveland

The principal office where Courtland Partners, Ltd. performs its advisory services is located at 127 Public Square, Cleveland, OH 44114 1246, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-522-0330 or by fax 216-522-0331. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at courtland.com.