Akre Capital Management, LLC (Middleburg)

Name: Akre Capital Management, LLC
Address: 2 West Marshall Street, Middleburg, VA, 20117
Telephone: 540-687-8923

Akre Capital Management, LLC is a large advisory firm based in Middleburg. It manages $8.87 billion of regulatory assets for 249 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, District of Columbia, Florida, and 8 other states.

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

Akre Capital Management: assets under management

The assets under management (AUM) of Akre Capital Management, LLC is $8.87 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6939% since the beginning of its operation, and $182.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $8.87 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $35.63 million each.

Akre Capital Management has custody of $7.58 million in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is investment and business development companies, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Akre 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 Akre Capital Management 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 Akre Capital Management is investment companies with 1 clients and $7.81 billion of assets under management. Among the 9 most similar advisory firms, Akre Capital Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $8.87 billion for 251 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.

Akre Capital Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Akre Capital Management, LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 4 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
Charles Thomas Akre	Managing member	1 Dec 1999	75% - 100%	2211
Brian Edward Macauley	Analyst	1 Apr 2003	Other	2914250
David Shaffer Rainey	Chief compliance officer	1 Jan 2004	Other	1555678
Ira Mitchell Rothberg	Analyst	1 Nov 2004	Other	2964146
Andrew Craig Schaefer	Chief administrative officer	1 Jan 2005	Other	1133311
Ian Bruce Abernethy	Chief operating officer	1 Jan 2005	Other	4939882
David Shaffer Rainey	Senior analyst	1 May 2005	Other	1555678
Andrew Craig Schaefer	Chief compliance officer	1 May 2005	Other	1133311
Andrew Craig Schaefer	President, coo, cco	1 Mar 2006	Other	1133311
Thomas Donald Saberhagen	Chief compliance officer	1 Nov 2012	Other	3005250
Jr. Dated December 21 2012 Revocable Trust Agreement Of Charles T. Akre	Member	1 Dec 2012	50% - 75%	xxx-xx-xxxx
Thomas Donald Saberhagen	Member	1 Jan 2013	Other	3005250
John Hallmark Neff	Member	1 Jan 2013	Other	2491886
George Thomas Mclamb	Chief compliance officer	1 Nov 2013	Other	6298286
Thomas Donald Saberhagen	Member	1 Jan 2015	Other	3005250
John Hallmark Neff	Member	1 Jan 2015	Other	2491886
Christopher D Cerrone	Trustee	1 Feb 2015	Other	5683885
Created U/A/D February 18 2015 Christopher D. Cerrone Revocable Living Trust	Member	1 Feb 2015	Other	xxx-xx-xxxx
Jr. Irrevocable Trust Dated December 21 2012 Charles T. Akre	Member	1 Jan 2017	Other	46-6489270
Thomas S.B. Akre	Trustee	1 Jan 2017	Other	6772233

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Charles Thomas Akre	Trustee and managing member	1 Dec 2012	Other	2211

Based in Middleburg

The principal office where Akre Capital Management, LLC performs its advisory services is located at 2 West Marshall Street, Middleburg, VA 20117 The mailing address of the firm is Po Box 998, Middleburg, VA 20118 0998. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 540-687-8923 or by fax 540-687-3899. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at akrecapital.com.