The Ithaka Group, LLC is a large advisory firm based in Bethesda. It manages $553.32 million of regulatory assets for 217 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Florida, Illinois, and 11 other states.
The Ithaka Group provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.
The assets under management (AUM) of The Ithaka Group, LLC is $553.32 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1168% since the beginning of its operation, and $6.92 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay The Ithaka Group, 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 individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of The Ithaka Group is high net worth individuals with 157 clients and $211.76 million of assets under management. Among the 11 most similar advisory firms, The Ithaka Group has the 5th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $553.32 million for 217 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.
The Ithaka Group doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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.
The principal office where The Ithaka Group, LLC performs its advisory services is located at 3 Bethesda Metro Center, Bethesda, MD 20814, 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 240-395-5000. 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 ithakagroup.com.