Heronbridge Investment Management LLP (Bath)

Name: Heronbridge Investment Management LLP
Address: 24 Gay Street, Bath, Ba1 2 Pd
Telephone: 011-441225 328300

Heronbridge Investment Management LLP is a large advisory firm based in Bath. It manages $2.45 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012.

Heronbridge Investment Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Heronbridge Investment Management: assets under management

The assets under management (AUM) of Heronbridge Investment Management LLP is $2.45 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 276% since the beginning of its operation, and $2.08 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.45 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $350.22 million each.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Heronbridge Investment Management LLP 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 Heronbridge Investment Management serves?

The only and largest group of clients of Heronbridge Investment Management is pooled investment vehicles with 5 clients and $2.11 billion of assets under management. Among the 9 most similar advisory firms, Heronbridge Investment Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.11 billion for 5 clients. 86% of the firm’s clients are foreign persons or businesses.

Heronbridge Investment Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Heronbridge Investment Management LLP

The company employs 11 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Benoit Marie Bouchaud	Executive committee member	1 Nov 2005	Other	6065189
William Bevis Comer	Executive committee member	1 Nov 2005	Other	6065191
Thomas Peter Day	Executive committee member	1 Nov 2005	Other	6065193
Gordon Christopher Westwood	Executive committee member and covered officer	1 Nov 2005	Other	6065195
Heronbridge Limited	Limited partner	1 Nov 2005	75% - 100%	foreign
Benoit Marie Bouchard	Chief executive officer, partner	1 Nov 2005	Other	6065189
Marissa Caroline Smith	Partner	1 Nov 2005	Other	6065194
Timothy John Linehan	Non-executive director	1 Nov 2005	Other	4660128
Nicholas Theocharopoulos	Partner	1 Dec 2008	Other	6065198
Raymond K Cheung	Non-executive committee member	1 Jul 2014	Other	5072825
Lucy Anna Crawford	Non-executive committee member	1 May 2018	Other	5855128
Katie Louise Mcmahon	Executive committee member, partner, chief operating officer, chief compliance officer	1 Jul 2018	Other	6980147

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Silchester Partners Limited	Shareholder	1 Nov 2005	25% - 50%	foreign
Stephen Charles Butt	Chairman, director	1 Nov 2005	50% - 75%	1460494

Based in Bath

The principal office where Heronbridge Investment Management LLP performs its advisory services is located at 24 Gay Street, Bath, Ba1 2 Pd, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 011-441225 328300 or by fax 011-441225 442839. The normal business hours are 08.30-17.30 on Monday - Friday. You can find more information about the New York firm at heronbridge.com.