Adaptive Financial Consulting, LLC (Beachwood)


Adaptive Financial Consulting, LLC is a large advisory firm based in Beachwood. It manages $153.18 million of regulatory assets for 183 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Louisiana, Missouri, Ohio, and Texas.

Adaptive Financial Consulting provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Adaptive Financial Consulting: assets under management

The assets under management (AUM) of Adaptive Financial Consulting, LLC is $153.18 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $152.33 million in discretionary accounts and $855.11 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $906.7 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $57.01 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Adaptive Financial Consulting, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Adaptive Financial Consulting serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Adaptive Financial Consulting is pension and profit sharing plans with 30 clients and $80.44 million of assets under management. Among the 9 most similar advisory firms, Adaptive Financial Consulting has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $153.18 million for 84 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.

Adaptive Financial Consulting doesn't advise any private funds.

Careers at Adaptive Financial Consulting, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 6 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.

Jonathan Ian Grundman has served as the Chief Investment Officer since 1 Aug 2017. Jeremy Bigelow Thompson joined the executive team most recently as the Managing Member & Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jeremy Bigelow Thompson Managing member & chief compliance officer 1 May 2013 75% - 100% 4441474
Jonathan Ian Grundman Chief investment officer 1 Aug 2017 Other 6537885

Based in Beachwood

The principal office where Adaptive Financial Consulting, LLC performs its advisory services is located at 3401 Enterprise Parkway, Beachwood, OH 44122, which is also the mailing address of the firm. An additional office of the firm is in Encinitas, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 440-359-3468 or by fax 440-359-3466. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at adapativefc.com.