Genspring Family Offices, LLC is a large advisory firm based in Jupiter. It manages $263.92 million of regulatory assets for 163 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Connecticut, Delaware, Florida, Georgia, and New York.
Genspring Family Offices provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Genspring Family Offices, LLC is $263.92 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -97% since the beginning of its operation, and $1.18 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Genspring Family Offices, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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.
The only and largest group of clients of Genspring Family Offices is pooled investment vehicles with 20 clients and $263.92 million of assets under management. Among the 9 most similar advisory firms, Genspring Family Offices has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $263.92 million for 20 clients. 1% of the firm’s clients are foreign persons or businesses.
Genspring Family Offices also advises several private funds. Namely, six hedge funds and fourteen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.
The company employs 6 people that are either part- or full-time employees. No 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.
Ernest Nicholas Dawal has served as the Chief Investment Officer since 1 Oct 2012 and Willem Jau Odo Hattink is the Chief Executive Officer of Genspring Family Offices, LLC family office. Michael Eugene Pearson joined the executive team most recently as the Cco, Board Member.
The principal office where Genspring Family Offices, LLC performs its advisory services is located at 150 South Us Highway 1, Jupiter, FL 33477, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 561-746-8444 or by fax 561-746-0895. The normal business hours are 8:30 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at genspring.com.