Emerald Separate Account Management LLC (Leola)

Emerald Separate Account Management LLC is an investment adviser to an investment company based in Leola. It manages $24.14 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2009.

Emerald Separate Account Management provides portfolio management for individuals and small businesses and portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Emerald Separate Account Management: assets under management

The assets under management (AUM) of Emerald Separate Account Management LLC is $24.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1911% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $24.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.02 million each.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Emerald Separate Account Management LLC 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 Joseph Edward Besecker serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Joseph Edward Besecker is investment companies with 1 clients and $14.42 million of assets under management. Among the 1 most similar advisory firms, Emerald Separate Account Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $18.72 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Emerald Separate Account Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Emerald Separate Account Management LLC

The company employs 5 people that are either part- or full-time employees. 80 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Joseph Edward Besecker has been acting as President since 1 Jul 2009. Llc Emerald Asset Management Pa joined the executive team most recently as the Parent Company.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Andrew Meehan	Chief compliance officer	1 Jun 2009	Other	2221482
Emerald Asset Management	Parent company	1 Jul 2009	75% - 100%	23-2650313
Joseph Edward Besecker	President	1 Jul 2009	Other	1142348
Daniel Webster Moyer	Managing director	1 Jul 2009	Other	1018789
Llc Emerald Asset Management Pa	Parent company	1 Oct 2018	75% - 100%	23-2650313

Indirect Owners

The SEC currently registers 15 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Edward Besecker	Shareholder	1 Jan 1995	25% - 50%	1142348
Emerald Asset Management Employee Stock Ownership Trust	Shareholder	1 Sep 2012	75% - 100%	35-2456016
Joseph Edward Besecker	Trustee	1 Sep 2012	Other	1142348
Daniel Webster Moyer	Trustee	1 Sep 2012	Other	1018789
Paul Willard Ware	Trustee	1 Sep 2012	Other	6318229
Charles Albert Brizius	Member/manager	1 Jun 2016	Other	2168268
Christopher Maguire	Member	1 Jul 2016	Other	7038284
Michael Arthur Ross Wilson	Member	1 Jul 2016	Other	7038287
John Thomas Hailer	Member/manager	1 Jan 2018	50% - 75%	1635883
Inc. Emerald Asset Management	Member	1 Oct 2018	25% - 50%	23-2650313
Llc 1251 Asset Management Platform	Member	1 Oct 2018	50% - 75%	83-2291747
Llc 1251 Asset Management Payco	Member	1 Oct 2018	75% - 100%	83-2272637
Llc 1251 Financing Company	Member	1 Oct 2018	75% - 100%	83-2253458
Inc. 1251 Capital Group	Managing member	1 Oct 2018	75% - 100%	47-0998238
Llc 1251 Capital Group Holdings	Shareholder	1 Oct 2018	Other	81-2833224

Based in Leola

The principal office where Emerald Separate Account Management LLC performs its advisory services is located at 3175 Oregon Pike, Leola, PA 17540, 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 717-396-1116 or by fax 717-399-3140. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday.