Palisade Capital Management LLC (Fort Lee)

Name: Palisade Capital Management LLC
Address: 1 Bridge Plaza North, Fort Lee, NJ, 07024 7102
Telephone: (201) 585-7733

Palisade Capital Management LLC is a large advisory firm based in Fort Lee. It manages $3.23 billion of regulatory assets for 656 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Palisade Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and portfolio management for wrap account programs. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Palisade Capital Management: assets under management

The assets under management (AUM) of Palisade Capital Management LLC is $3.23 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 37% since the beginning of its operation, and $534.63 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.23 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.93 million each.

Palisade Capital Management has custody of $1.12 billion in cash and securities for 415 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Palisade Capital Management 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 Jack Feiler serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jack Feiler is pension and profit sharing plans with 13 clients and $1.03 billion of assets under management. Among the 10 most similar advisory firms, Palisade Capital Management has the 3rd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $2.92 billion for 654 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Palisade Capital Management also advises several private funds. Namely, nine hedge funds. The minimum investment commitment required of non-related persons ranges from $5,000 to $5,000,000.

Careers at Palisade Capital Management LLC

The company employs 43 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Jack Feiler has been acting as President since 1 Apr 1995. Phyllis Ruth Berman joined the executive team most recently as the Executor.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Scott Hoffman	Sr. vp	1 Oct 1994	Other	1415106
Jack Feiler	President/chief investment officer-private wealth management	1 Apr 1995	Other	205603
Martin Lawrence Berman	Chairman/chief executive officer	1 Apr 1995	Other	1037758
Steven Edward Berman	Vice chairman	1 Apr 1995	Other	1634736
Richard Scott Meisenberg	Evp/co-investment officer	1 Apr 1995	Other	1293992
Stephney Anne Costello	Sr. vp	1 Apr 1995	Other	1213474
Mark K Berman	Member	1 Apr 1999	Other	3222621
Allison A Berman	Member	1 Apr 1999	Other	3222624
Michael Ian Feiler	Member	1 Apr 1999	Other	1969985
Lawrence Jay Feiler	Member	1 Apr 1999	Other	2273014
Jacqueline J. Cirillo Ttee Fbo The Hannah Zari Meisenberg Trust Dtd 06/10/1996	Member	1 Apr 1999	Other	22-6693837
Clark Allen Johnson	Member	1 Sep 1999	Other	4060235
Inc. Jefferies & Company	Member	1 Sep 1999	Other	2347
Pcm Funding Corp.	Member	1 Apr 2003	25% - 50%	55-0823559
Brian Kenneth Fern	Chief financial officer	1 Jul 2004	Other	4827473
Dennison Theodore Veru	Chief investment officer-institutional, managing member	1 Aug 2004	Other	1173168
Jeffrey David Serkes	Chief operating officer	1 Jun 2007	Other	5310797
Bradley Robert Goldman	Managing director, general counsel, chief compliance officer	1 Jan 2008	Other	5263145
Llc Pinebrook	Class a member	1 Dec 2009	Other	20-0232887
Steven E. Berman Living Trust	Class a member	1 Jan 2010	Other	xxx-xx-xxxx
Alison Anne Berman	President, chief executive officer, co-chairman	1 Jan 2018	Other	3222624
Mark K Berman	Vice president	1 Jan 2018	Other	3222621
Beata Tannuzzo	Managing director, finance & operations	1 Mar 2018	Other	4345062
Beata Tanuzzo	Managing director, finance & operations	1 Mar 2018	Other	4345062
The Estate Of Martin Berman	Class a member	1 Apr 2018	25% - 50%	83-6118158
Michael Ian Feiler	Managing director, private wealth management, board member	1 Apr 2018	Other	1969985

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Clearview Trust	Member	1 Dec 2009	75% - 100%	51-6551268
Jean Barden	Trustee	1 Dec 2009	Other	6332212
Rbc Trust Company (Delaware) Limited	Trustee	1 Dec 2009	Other	51-0000810
Royal Bank Of Canada	Shareholder	1 Dec 2009	75% - 100%	foreign entity
Steven Edward Berman	Trustee	1 Jan 2010	Other	1634736
Phyllis Ruth Berman	Executor	1 May 2018	Other	6981069

Based in Fort Lee

The principal office where Palisade Capital Management LLC performs its advisory services is located at 1 Bridge Plaza North, Fort Lee, NJ 07024 7102, 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 (201) 585-7733 or by fax (201) 585-7552. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at palisadecapital.com.