Blue Sage Services, L.P. (Austin)

Name: Blue Sage Services, L.P.
Address: 114 W. 7 Th Street, Austin, TX, 78701 3012
Telephone: 512-536-1900

Blue Sage Services, L.P. is a large advisory firm based in Austin. It manages $305.2 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Texas.

Blue Sage Services provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Blue Sage Services: assets under management

The assets under management (AUM) of Blue Sage Services, L.P. is $305.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 104% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $305.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $101.73 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blue Sage Services, L.P. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Blue Sage Services serves?

The only and largest group of clients of Blue Sage Services is pooled investment vehicles with 3 clients and $305.2 million of assets under management. Among the 8 most similar advisory firms, Blue Sage Services has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $305.2 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Blue Sage Services also advises several private funds. Namely, three private equity funds. The minimum investment commitment required of non-related persons ranges from $65,000 to $100,000.

Careers at Blue Sage Services, L.P.

The company employs 12 people that are either part- or full-time employees. 83 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
James D Mcbride	Managing member	1 Dec 2002	50% - 75%	6962520
Peter J Huff	Managing member	1 Dec 2002	50% - 75%	6962519
Alan Patrick Mire	Controller/chief compliance officer	1 May 2017	Other	6962515

Based in Austin

The principal office where Blue Sage Services, L.P. performs its advisory services is located at 114 W. 7 Th Street, Austin, TX 78701 3012, 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 512-536-1900. The normal business hours are 9:00am - 7:00pm on Monday - Friday. You can find more information about the New York firm at bluesage.com.