Piermont Capital Management Inc. (St. Louis)

Name: Piermont Capital Management Inc.
Address: 530 Maryville Centre Drive, St. Louis, MO, 63141
Telephone: 314-965-6847

Piermont Capital Management Inc. is a large advisory firm based in St. Louis. It manages $218 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Missouri.

Piermont Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Piermont Capital Management: assets under management

The assets under management (AUM) of Piermont Capital Management Inc. is $218 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $218 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $24.22 million each.

Piermont Capital Management has custody of $18.63 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Piermont Capital Management Inc. 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.

What kind of clients John George Russon serves?

The firm provides services to insurance companies, investment companies, other investment advisers, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of John George Russon is pension and profit sharing plans with 2 clients and $128.1 million of assets under management. Among the 9 most similar advisory firms, Piermont Capital Management has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $218 million for 9 clients. None of the firm’s clients are foreign persons or businesses.

Piermont Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Piermont Capital Management Inc.

The company employs 9 people that are either part- or full-time employees. 67 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.

John George Russon has been acting as President since 1 Oct 2006. Lucy Marie Rimsky joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John George Russon	President	1 Oct 2006	50% - 75%	2457873
Lucy Marie Rimsky	Chief compliance officer	1 Jan 2015	Other	3270029
John S. Albert	Portfolio manager	1 Jan 2015	Other	4569776
Kevin Andrew Finn	Portfolio manager	1 Jan 2015	Other	4066371

Based in St. Louis

The principal office where Piermont Capital Management Inc. performs its advisory services is located at 530 Maryville Centre Drive, St. Louis, MO 63141, 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 314-965-6847 or by fax 314-965-0039. The normal business hours are 8:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at piermontcapital.com.