Greenbacker Capital Management LLC

CRD#277101
Investment Advisor Firm

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Learn more about Greenbacker Capital Management LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Greenbacker Capital Management LLC is a financial advisory firm located in Portland, Maine. The firm administers $3.0 billion in total assets over seven accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). The firm has a large group, including 35 financial advisors. Greenbacker Capital Management LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial assets like options, equities and bonds.

    Greenbacker Capital Management LLC administers all of the firm's client assets in a discretionary manner. Discretionary management means that buy and sell judgments for the client's account are made by an investment advisor without requiring the client's consent. The advisory firm manages roughly $435.7 million for every client account. An average financial advisor at Greenbacker Capital Management LLC manages fewer than one client account, making it one of the most personalized advisor firms in the country.

    The company's main office is located at 30 Danforth Street, Portland, Maine 4101. It is allowed to provide services to clients across a few states, including Colorado, Maine, New York and Vermont.

    Assets Under Management

    $3.0 billion

    Number of Advisors

    35

    Disclosures

    No

    Office Location

    30 Danforth Street
    Portland, ME 04101

    Greenbacker Capital Management LLC by the Numbers

    Total Assets Under Management

    $3.0 billion

    National Average: $8.6 billion
    Total Number of Employees

    200

    National Average: 64
    Total Number of Accounts

    7

    National Average: 375,227
    Average Account Size

    $435.7 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice largely depend on which service is provided. However, fee types billed by the company can include the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    The company caters to pooled investment vehicles. Out of its seven clients, Greenbacker Capital Management LLC's biggest client group by number of accounts is pooled investment vehicles. None of the company's customers reside abroad.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Greenbacker Capital Management LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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