Parthenon LLC is a large advisory firm based in Louisville. It manages $651.98 million of regulatory assets for 399 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Florida, Indiana, Kentucky, and 4 other states.
Parthenon provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and portfolio management for a limited partnership. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Parthenon LLC is $651.98 million. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Parthenon 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.
The firm provides services to 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 John Mcferran Barr is high net worth individuals with 197 clients and $537.17 million of assets under management. Among the 9 most similar advisory firms, Parthenon has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $651.98 million for 219 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.
Parthenon also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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.
John Mcferran Barr has been acting as President since 1 Mar 1999. Matthew William Carper joined the executive team most recently as the Senior Vice President.
The principal office where Parthenon LLC performs its advisory services is located at 9900 Corporate Campus Dr, Louisville, KY 40223 5010, 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 502-327-5660 or by fax 502-327-6232. The normal business hours are 8 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at parthenonllc.com.