Kennet Partners LLC (San Mateo)

Name: Kennet Partners LLC
Address: 400 Concar Drive, San Mateo, CA, 94402
Telephone: 650-931-0940

Kennet Partners LLC is a large advisory firm based in San Mateo. It manages $372.58 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Kennet Partners 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.

Kennet Partners: assets under management

The assets under management (AUM) of Kennet Partners LLC is $372.58 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and $372.58 million of the total AUM is attributable to clients outside of the United States.

The firm manages $372.58 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $62.1 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kennet Partners 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 Kennet Partners serves?

The only and largest group of clients of Kennet Partners is pooled investment vehicles with 6 clients and $372.58 million of assets under management. Among the 7 most similar advisory firms, Kennet Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $372.58 million for 6 clients. 100% of the firm’s clients are foreign persons or businesses.

Kennet Partners also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $2,000,000.

Careers at Kennet Partners LLC

The company employs 3 people that are either part- or full-time employees. 100 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
Michael Stafford Elias	Partner, managing director	1 Jan 1997	Other	6027906
David Jonathan Carratt	Partner, managing director	1 Mar 1998	25% - 50%	6027930
Javier Edwardo Rojas	Partner, managing director	1 Jan 2000	Other	2100456
Kennet Capital Management (Jersey) Ltd	Owner	1 Jan 2001	75% - 100%	158261
Manish (Nmn) Mittal	Chief compliance officer	1 Jan 2012	Other	6027931
Neil Antony Cooper	Chief compliance officer and finance director	1 Aug 2012	Other	6111502
Eric James Filipek	Elected member	1 Jan 2015	Other	2946900
Hillel Louis Zidel	Elected member	1 Jan 2015	Other	6628857

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kennet Partners Llp	Owner	1 Mar 2003	75% - 100%	foreign
Michael Stafford Elias	Partner	1 Mar 2003	50% - 75%	6027906
Javier Edwardo Rojas	Partner	1 Mar 2003	50% - 75%	2100456
David Jonathan Carratt	Partner	1 Mar 2003	Other	6027930

Based in San Mateo

The principal office where Kennet Partners LLC performs its advisory services is located at 400 Concar Drive, San Mateo, CA 94402, 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 650-931-0940 or by fax 650-573-8712. The normal business hours are 9:00 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at kennet.com.