Compound Family Offices, LLC (Sarasota)

Name: Compound Family Offices, LLC
Address: 2033 Main Street, Sarasota, FL, 34237
Telephone: (941) 556-9294

Compound Family Offices, LLC is a large advisory firm based in Sarasota. It manages $180.29 million of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida and Georgia.

Compound Family Offices provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Compound Family Offices: assets under management

The assets under management (AUM) of Compound Family Offices, LLC is $180.29 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $180.29 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.01 million each.

Compound Family Offices has custody of $137.99 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 41% of the total AUM. The second-largest asset type is state and local bonds, which make up 23% of the firm’s portfolio. Investments in investment and business development companies form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Compound Family Offices, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Compound Family Offices serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Compound Family Offices is high net worth individuals with 12 clients and $178.82 million of assets under management. Among the 10 most similar advisory firms, Compound Family Offices has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $180.29 million for 17 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.

Compound Family Offices doesn't advise any private funds.

Careers at Compound Family Offices, 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. 3 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
Gail S Thompson	Manager/chief compliance officer	1 Aug 2018	75% - 100%	7010818
Scott Frederick Gurr	Manager/chief compliance officer	1 Oct 2018	50% - 75%	4526097
Erik Charles Popham	Manager	1 Oct 2018	50% - 75%	5408076

Based in Sarasota

The principal office where Compound Family Offices, LLC performs its advisory services is located at 2033 Main Street, Sarasota, FL 34237, 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 (941) 556-9294. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at compoundfamilyoffices.com.