Ap Commercial LLC (Chevy Chase)


Ap Commercial LLC is a large advisory firm based in Chevy Chase. It manages $1.19 billion of regulatory assets for 128 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Louisiana, Maryland, Pennsylvania, and Virginia.

Ap Commercial provides portfolio management for businesses and institutional clients, educational seminars and workshops, and identify and refer credit assets to banking institutions.. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ap Commercial: assets under management

The assets under management (AUM) of Ap Commercial LLC is $1.19 billion. The firm's AUM has grown by 3850% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $80 million in discretionary accounts and $1.11 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $40 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.77 million.
Ap Commercial has custody of $45.74 thousand in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ap Commercial 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 Donald Frank Cole serves?

The only and largest group of clients of Donald Frank Cole is banking or thrift institutions with 128 clients and $1.19 billion of assets under management. Among the 6 most similar advisory firms, Ap Commercial has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $1.19 billion for 128 clients. None of the firm’s clients are foreign persons or businesses.

Ap Commercial doesn't advise any private funds.

Careers at Ap Commercial LLC

The company employs 46 people that are either part- or full-time employees. 61 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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 receive compensation from other entities for client referrals.

Donald Frank Cole has been acting as President since 1 Jan 2018. Hugh Michael O'connor joined the executive team most recently as the Treasurer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Alliance Partners Llc Member 1 Jun 2010 75% - 100% 27-3784532
John Kevin Delaney Founder, director 1 Mar 2011 Other 5923872
Jason Marshall Fish Founder, director 1 Mar 2011 Other 1028662
Lewis Andrew Sachs Founder, chairman of the board 1 Mar 2011 Other 1508951
Thomas Anthony Fink Cfo 1 Mar 2011 Other 1404382
Thomas Douglas Hollowell Chief compliance officer, clo 1 Mar 2011 Other 5146435
Thomas Hollowell Chief compliance officer, clo 1 Mar 2011 Other 5146435
James Brian Graham Chief executive officer 1 Jan 2012 Other 6021724
Donald Frank Cole Chief financial officer 1 Jan 2012 Other 6021727
Steven Alan Museles Chief legal officer, chief compliance officer 1 Aug 2013 Other 6281478
Michael Andrew Housley Chief compliance officer, chief financial officer, secretary 1 Feb 2017 Other 6759404
Donald Frank Cole President 1 Jan 2018 Other 6021727
Hugh Michael O'connor Treasurer 1 Jan 2018 Other 6919909
Congressional Bank Member 1 Jan 2018 75% - 100% 43-2022906
Anne Marie Balcer Chief legal officer 1 Jan 2018 Other 6919960

Indirect Owners

The SEC currently registers 21 indirect owners.

Name Entity Date acquired Ownership Employer ID
John Kevin Delaney Member 1 Jun 2010 Other 5923872
Jason Marshall Fish Member 1 Jun 2010 Other 1028662
Lewis Andrew Sachs Member 1 Jun 2010 Other 1508951
Thomas Douglas Hollowell Chief compliance officer, general counsel 1 Mar 2012 Other 5146435
Alliance Funding I Llc Member 1 Jun 2012 50% - 75% 45-5405223
Blue Mountain Credit Alternatives Master Fund L.P. Member 1 Jun 2012 50% - 75% 98-0406591
Blue Mountain Credit Alternatives Fund Ltd. Partner 1 Jun 2012 50% - 75% 98-0406583
Charles Chisato Kobayashi Elected manager 1 Jun 2012 Other 6104843
Avi Korn Elected manager 1 Jun 2012 Other 4282591
Bryce Markus Elected manager 1 Jun 2012 Other 4252624
Andrew Todd Feldstein Elected manager 1 Jun 2012 Other 2494017
Paul Alexander Friedman Elected manager 1 Jun 2012 Other 5883124
Peter Douglas Greatrex Elected manager 1 Jun 2012 Other 4558403
Amy Elizabeth Wierenga Elected manager 1 Jun 2012 Other 5296282
Justin Clifford Wilson Elected manager 1 Jun 2012 Other 5690123
Michael Liberman Elected manager 1 Jun 2012 Other 4500926
Bradley Scott Schwartz Elected manager 1 Jun 2012 Other 1875672
Derek Smith Elected manager 1 Jun 2012 Other 2476948
Yi Shu Elected manager 1 Jun 2012 Other 5147049
James Brian Pieri Elected manager 1 Jun 2012 Other 4346320
Congressional Bancshares Inc. Shareholder 1 Jan 2018 75% - 100% 26-3126112

Based in Chevy Chase

The principal office where Ap Commercial LLC performs its advisory services is located at 4445 Willard Avenue, Chevy Chase, MD 20815 3695, which is also the mailing address of the firm. An additional office of the firm is in Moraga, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 301-232-5400 or by fax 301-232-5401. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at alliancepartners.com.