Minerva Advisors LLC (Bala Cynwyd)

Minerva Advisors LLC is a large advisory firm based in Bala Cynwyd. It manages $313.2 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Pennsylvania.

Minerva Advisors provides portfolio management for individuals and small businesses and 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.

Minerva Advisors: assets under management

The assets under management (AUM) of Minerva Advisors LLC is $313.2 million. The firm's AUM has grown by 46% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $269.42 million in discretionary accounts and $43.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $44.9 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $43.78 million.

Minerva Advisors has custody of $208.06 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 74% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 26% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Minerva Advisors LLC 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 Minerva Advisors serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Minerva Advisors is pooled investment vehicles with 1 clients and $208.06 million of assets under management. Among the 8 most similar advisory firms, Minerva Advisors has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $313.2 million for 7 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Minerva Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Minerva Advisors LLC

The company employs 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Peter Cohen	Member, president,chief compliance officer	1 Nov 2002	75% - 100%	1423634

Based in Bala Cynwyd

The principal office where Minerva Advisors LLC performs its advisory services is located at 50 Monument Road Suite 201, Bala Cynwyd, PA 19004, 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 484-434-2258 or by fax 484-270-3248. The normal business hours are 9-5 on Monday - Friday.