Meritage Group LP (San Francisco)

Meritage Group LP is a large advisory firm based in San Francisco. It manages $10.61 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Connecticut, and Hawaii.

Meritage Group provides portfolio management for pooled investment vehicles, selection of other advisers, and advice to trustees of a charitable trust in connection with a donor advised fund program. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Meritage Group: assets under management

The assets under management (AUM) of Meritage Group LP is $10.61 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 307% since the beginning of its operation, and $3.76 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $10.61 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $964.39 million each.

Meritage Group has custody of $10.6 billion in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Meritage Group LP 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 Nathaniel Simons serves?

The only and largest group of clients of Nathaniel Simons is pooled investment vehicles with 10 clients and $10.6 billion of assets under management. Among the 11 most similar advisory firms, Meritage Group has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $10.6 billion for 10 clients. 27% of the firm’s clients are foreign persons or businesses.

Meritage Group also advises several private funds. Namely, eight hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Meritage Group LP

The company employs 47 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.

Nathaniel Simons has been acting as President since 1 Nov 2006. Aubrey Jonathan Barth joined the executive team most recently as the Limited Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nathaniel Simons	Chairman/senior managing director of general partner	1 Nov 2006	Other	2839036
David Kenneth Zierk	Co-president/senior managing director of general partner	1 Nov 2006	Other	2061337
Laura Jane Baxter Simons	Chief compliance officer/general counsel	1 Nov 2006	Other	4403839
Mwg Gp Llc	General partner	1 Nov 2006	Other	20-5944537
Mark Jason Mindich	Chief operating officer of general partner	1 Nov 2006	Other	5259936
Alex Richard Magaro	Co-president/senior managing director of general partner	1 Nov 2006	Other	5259938
Arif Amirali Mawji	Limited partner	1 Jan 2007	Other	4229703
Joseph Meger Kaplan	Limited partner	1 Mar 2009	Other	2508750
Meredith Amy Landers	Limited partner	1 Mar 2011	Other	2759505
Aubrey Jonathan Barth	Limited partner	1 Apr 2011	Other	2794918

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Nathaniel Simons	Trustee	1 Dec 1998	Other	2839036
Laura Jane Baxter Simons	Trustee	1 Dec 1998	Other	4403839
David Kenneth Zierk	Co-president/senior managing director	1 Dec 2006	25% - 50%	2061337
1998 Simons Family Revocable Trust	Member	1 Dec 2009	25% - 50%	xxx-xx-xxxx

Based in San Francisco

The principal office where Meritage Group LP performs its advisory services is located at One Ferry Building, San Francisco, CA 94111, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415.399.5330. The normal business hours are 9am-5pm on Monday - Friday.