The Simmons Partnership, LLC (Towson)

Name: The Simmons Partnership, LLC
Address: Bosley Hall, Towson, MD, 21204
Telephone: 443-470-8000

The Simmons Partnership, LLC is a large advisory firm based in Towson. It manages $95.12 million of regulatory assets for 707 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Florida, Maryland, and 3 other states.

The Simmons Partnership provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Simmons Partnership: assets under management

The assets under management (AUM) of The Simmons Partnership, LLC is $95.12 million. The firm's AUM has grown by 76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $54.44 million in discretionary accounts and $40.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $168.03 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $106.2 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in other assets form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Simmons Partnership, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 The Simmons Partnership serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of The Simmons Partnership is individuals with 271 clients and $55.22 million of assets under management. Among the 8 most similar advisory firms, The Simmons Partnership has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $95.12 million for 299 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.

The Simmons Partnership doesn't advise any private funds.

Careers at The Simmons Partnership, 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. 2 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 Darby Simmons	President, chief compliance officer	1 Feb 2011	75% - 100%	3007867
Jennifer Danae Ryan	Managing partner/financial advisor	1 Mar 2013	Other	4710230

Based in Towson

The principal office where The Simmons Partnership, LLC performs its advisory services is located at Bosley Hall, Towson, MD 21204, 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 443-470-8000 or by fax 410-337-0044. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at thesimmonspartnership.com.