Elm Partners Management LLC

CRD#167225
Investment Advisor Firm

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Overview

Elm Partners Management LLC is a financial advisor firm located in Philadelphia, Pennsylvania. It administers $1.3 billion in total assets throughout 405 client accounts, placing it among the bigger financial advisory firms in the United States by assets under management (AUM). The company has a small team, including 3 financial advisors. Elm Partners Management LLC is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets like bonds, equities and options.

Elm Partners Management LLC administers all of its accounts in a discretionary manner. Discretionary management signifies that transaction choices for the client's account are made by a portfolio manager without requiring the customer's consent. The company's typical account size is $3.2 million. The typical advisor at Elm Partners Management LLC oversees around 135 client accounts.

The company's central office is located at 50 S 16Th St., Philadelphia, Pennsylvania 19102. Elm Partners Management LLC is legally registered to serve clients across 15 U.S. states and territories.

Assets Under Management

$1.3 billion

Number of Advisors

3

Disclosures

No

Office Location

50 S 16Th St.
Philadelphia, PA 19102

Elm Partners Management LLC by the Numbers

Total Assets Under Management

$1.3 billion

National Average: $8.6 billion
Total Number of Employees

5

National Average: 64
Total Number of Accounts

405

National Average: 375,227
Average Account Size

$3.2 million

National Average: $23.0 thousand
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Products and Services

Elm Partners Management LLC provides multiple services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles and pension consulting services. In the past fiscal year, it provided financial planning services to 1-10 of its clients. The firm is not involved in selling products or offering services aside from investment advice to its investment advisory clients.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Fees for financial advice depend on which services the firm provides the client. However, fees charged by the company typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Elm Partners Management LLC.

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.

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 26% of firms that offer this fee type

    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.

  • 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.

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Types of Clients

The company does business with a number of different customers. Elm Partners Management LLC works with retail investors, high net worth investors, pooled investment vehicles, charitable organizations and corporations. Out of its 405 clients, Elm Partners Management LLC's largest client type by number of accounts is high net worth investors, though it also serves 235 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 8% of its clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 72.76%
  • Other Individuals - 21.05%
  • Corporations - 5.88%
  • Charitable Organizations - 0.31%

* 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

Elm Partners Management LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Elm Partners Management LLC

Victor Haghani
Philadelphia, PA
James White
Philadelphia, PA
Michael Fothergill
Philadelphia, PA

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