Gresham Partners, LLC (Chicago)

Gresham Partners provides financial planning services, portfolio management for pooled investment vehicles, selection of other advisers, and various wealth management services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gresham Partners: assets under management

The assets under management (AUM) of Gresham Partners, LLC is $7.25 billion. The firm's AUM has grown by 477% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.61 billion in discretionary accounts and $2.64 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $85.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $21.48 million.

Gresham Partners has custody of $855.57 million in cash and securities for 134 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 42% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gresham Partners, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ben A. Beavers serves?

The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Ben A. Beavers is pooled investment vehicles with 37 clients and $5.2 billion of assets under management. Among the 10 most similar advisory firms, Gresham Partners has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $7.25 billion for 177 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.

Gresham Partners also advises several private funds. Namely, eight hedge funds, four real estate funds, eleven other private funds, and fourteen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $500,000.

Careers at Gresham Partners, LLC

The company employs 42 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 2 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.

Ben A. Beavers has been acting as President since 1 Nov 2007. Gregory David Schneiderman joined the executive team most recently as the Executive Vice President.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 23 indirect owners.

Based in Chicago

The principal office where Gresham Partners, LLC performs its advisory services is located at 333 W. Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Coral Gables, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-960-0200 or by fax 312-960-0204. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at greshampartners.com.

Registered investment advisers similar to Gresham Partners, LLC

• Amp Capital Brookfield (Us)
• Pictet Asset Management (Singapore) Pte
• Capital Fund Management
• Scopia Capital Management
• Pugh Capital Management
• National Investment Services
• Aal Capital Management Corporation
• Loring, Wolcott & Coolidge Fiduciary Advisors
• Somerset Capital Management
• Mesa West Capital
• Fuller & Thaler Asset Management
• Highbridge Capital Management
• Scott & Stringfellow
• Certus Asset Advisors Corp
• The Tuckerman Group