Port Capital LLC is a large advisory firm based in Chicago. It manages $1.01 billion of regulatory assets for 370 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, Illinois, and 4 other states.
Port Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. 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 Port Capital LLC is $1.01 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 299% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Port Capital LLC for their services and products based on a percentage of assets under management. 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, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bradley Carl Schatz is high net worth individuals with 331 clients and $468.94 million of assets under management. Among the 4 most similar advisory firms, Port Capital has the lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.01 billion for 362 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Port Capital also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.
The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There’s a single person 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.
Bradley Carl Schatz has been acting as President since 1 Aug 2015. Charles E Neal joined the executive team most recently as the Research Analyst.
The principal office where Port Capital LLC performs its advisory services is located at 180 North Stetson Avenue, Chicago, IL 60601, 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 312-788-2400 or by fax 224-990-2003. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.