Altarock Partners, LLC
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Overview
Altarock Partners, LLC operates as an advisory firm located in Beverly, Massachusetts. It oversees $3.3 billion in assets under management across two accounts, placing it among the largest firms in the United States by assets under management (AUM). The company has a small group, including 3 financial advisors. Altarock Partners, LLC does not act as a registered broker-dealer, meaning it is not able to 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 defined as exchangable fiscal investments like options, equities and bonds.
Altarock Partners, LLC administers all of the firm's accounts on a discretionary basis. Discretionary management signifies that transaction decisions are made by a portfolio manager without needing to seek client permission. The advisory firm's average account size is $1.6 billion. An average financial advisor at Altarock Partners, LLC administers fewer than one client account, placing it among the most individualized firms in the country.
The firm's main office is at 500 Cummings Center, Beverly, Massachusetts 01915-6527. Altarock Partners, LLC is legally permitted to provide services to investors throughout a few states, including Florida and Massachusetts.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Altarock Partners, LLC by the Numbers
$3.3 billion
7
2
$1.6 billion
Fee Structure
Financial advisory fees typically depend on which services the firm provides the client. Fees billed by the firm most likely consist of some combination of 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
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to pooled investment vehicles. Out of its two clients, Altarock Partners, LLC's largest client group is pooled investment vehicles. About 50% of the company's accounts are non-U.S. persons.
- 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
Altarock Partners, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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