Isthmus Partners, LLC (Madison)


Isthmus Partners, LLC is a large advisory firm based in Madison. It manages $588.85 million of regulatory assets for 1,148 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Colorado, Florida, Illinois, and 4 other states.

Isthmus Partners provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Isthmus Partners: assets under management

The assets under management (AUM) of Isthmus Partners, LLC is $588.85 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 21% since the beginning of its operation, and $969.72 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $588.85 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $512.93 thousand each.
Isthmus Partners has custody of $286.44 million in cash and securities for 92 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is state and local bonds, which make up 12% of the firm’s portfolio. Investments in other assets form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Isthmus Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Isthmus Partners serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Isthmus Partners is high net worth individuals with 131 clients and $479.07 million of assets under management. Among the 12 most similar advisory firms, Isthmus Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $588.85 million for 302 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Isthmus Partners doesn't advise any private funds.

Careers at Isthmus Partners, LLC

The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 6 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.

David A Hackworthy has served as the Chief Investment Officer since 1 May 2014. Frank Joseph Gambino joined the executive team most recently as the Chief Equity Strategist.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Gery Joseph Sadzewicz Chief compliance officer 1 Apr 2014 Other 1090963
Frank Joseph Gambino Chief equity strategist 1 May 2014 25% - 50% 2463345
David A Hackworthy Chief investment officer 1 May 2014 25% - 50% 2109487
Joel Carter Mcneil Director of advisory services 1 May 2014 Other 2185799
Victor Enrique Rodriguez Chief operating officer 1 May 2014 Other 1314441
Jeremy R Baier Member 1 May 2014 Other 4977490

Based in Madison

The principal office where Isthmus Partners, LLC performs its advisory services is located at 1 South Pinckney Street, Madison, WI 53703, 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 608-729-0949 or by fax 608-729-0854. The normal business hours are 8:00 am - 5 pm on Monday - Friday.