Pax World Management LLC (Portsmouth)

Name: Pax World Management LLC
Address: 30 Penhallow Street, Suite 400, Portsmouth, NH, 03801
Telephone: 603-431-8022

Pax World Management LLC is a large advisory firm based in Portsmouth. It manages $4.56 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New Hampshire.

Pax World Management provides portfolio management for investment companies 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.

Pax World Management: assets under management

The assets under management (AUM) of Pax World Management LLC is $4.56 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1689% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.56 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $325.83 million each.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 39% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pax World Management 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.

What kind of clients Pax World Management serves?

The only and largest group of clients of Pax World Management is investment companies with 10 clients and $4.52 billion of assets under management. Among the 6 most similar advisory firms, Pax World Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $4.52 billion for 10 clients. None of the firm’s clients are foreign persons or businesses.

Pax World Management doesn't advise any private funds.

Careers at Pax World Management LLC

The company employs 52 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 9 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 compensates 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
Laurence Arthur Shadek	Chairman of the board, elected manager	1 Sep 1996	Other	419483
James Mcclenahan Shadek	Elected manager	1 Sep 1996	Other	702481
Katherine Shadek Boyle	Elected manager	1 Sep 1996	Other	1344907
Joseph Francis Keefe	Chief executive officer, president, elected manager	1 May 2005	Other	2911389
John Aquinas Boese	Chief compliance officer	1 Jan 2006	Other	2695568
Alicia K Dubois	Chief financial officer	1 Oct 2006	Other	4569957
Christopher Hadley Brown	Elected manager	1 Jan 2008	Other	1717838
Kenneth Degraw As Trustee For A Shadek Family Trust	Shareholder	1 Jul 2008	Other	26-6451835
Pwm Corp.	Owner	1 Dec 2009	75% - 100%	02-0280580
Ian Simm	Elected manager	1 Jan 2018	Other	5298088
Charles David Ridge	Elected manager	1 Jan 2018	Other	5740376
Impax Asset Management Group Plc	Parent	1 Jan 2018	75% - 100%	foreign entity

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Shadek Family Trust	Owner	1 Dec 2009	25% - 50%	26-6451835

Based in Portsmouth

The principal office where Pax World Management LLC performs its advisory services is located at 30 Penhallow Street, Suite 400, Portsmouth, NH 03801, 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 603-431-8022 or by fax 603-431-9175. The normal business hours are 9:00 a.m. to 5:00p.m. on Monday - Friday. You can find more information about the New York firm at paxworld.com.