Sterling Partners Quantitative Investments LLC (Chicago)


Sterling Partners Quantitative Investments LLC is a related adviser based in Chicago. It manages $70.64 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Illinois and Maryland.

Sterling Partners Quantitative Investments 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.

Sterling Partners Quantitative Investments: assets under management

The assets under management (AUM) of Sterling Partners Quantitative Investments LLC is $70.64 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $70.64 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $23.55 million each.
Sterling Partners Quantitative Investments has custody of $70.64 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sterling Partners Quantitative Investments 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 Desmond Werthman serves?

The only and largest group of clients of Desmond Werthman is pooled investment vehicles with 2 clients and $70.64 million of assets under management. Among the 6 most similar advisory firms, Sterling Partners Quantitative Investments has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $70.64 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Sterling Partners Quantitative Investments 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 Sterling Partners Quantitative Investments LLC

The company employs 7 people that are either part- or full-time employees. 86 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.

Desmond Werthman has been acting as President since 1 Aug 2018. Sterling Partners Quantitative Holdings L.P. joined the executive team most recently as the Managing Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Sterling Partners Quantitative Holdings L.P. Managing member 1 Aug 2018 75% - 100% 83-1491034
Chris Dardanes Chief investment officer - equities 1 Aug 2018 Other 2889204
Francisco Javier Vaca Chief investment officer - futures 1 Aug 2018 Other 3261341
Desmond Werthman President 1 Aug 2018 Other 2871606
Michael John Schmitt Chief operating officer 1 Aug 2018 Other 2486861
Maury Avram Epstein Chief compliance officer 1 Aug 2018 Other 6024125
Jeffrey William Elburn Chief financial officer 1 Aug 2018 Other 4281264

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Steven Michael Taslitz Member 1 Jan 2017 25% - 50% 2826397
Rudolf Christopher Hoehn Saric Member 1 Jan 2017 25% - 50% 5351347
Douglas Lee Becker Member 1 Jan 2017 25% - 50% 2818438
Sterling Partners Quantitative Investments Gp Llc General partner 1 Aug 2018 Other 83-1467656
Sterling Partners Investment Group Llc Member - class a and class b 1 Aug 2018 25% - 50% 81-5044610

Based in Chicago

The principal office where Sterling Partners Quantitative Investments LLC performs its advisory services is located at 401 N Michigan Ave, Chicago, IL 60611, which is also the mailing address of the firm. An additional office of the firm is in Baltimore, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-465-7000 or by fax 312-465-7001. The normal business hours are 8:30am-5pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/sterling-partners-quantitative-investments/ and its LinkedIn profile.