Almanack Investment Partners, LLC is a large advisory firm based in Wayne. It manages $750 million of regulatory assets for 2,000 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of District of Columbia, Louisiana, Maryland, and 5 other states.
Almanack Investment Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Almanack Investment Partners, LLC is $750 million. The firm's AUM has grown by 456% since the beginning of its operation, and $65 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Almanack Investment Partners, 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.
The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Almanack Investment Partners is high net worth individuals with 250 clients and $398 million of assets under management. Among the 10 most similar advisory firms, Almanack Investment Partners has the 4th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $665.5 million for 921 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 9% of the firm’s clients are foreign persons or businesses.
Almanack Investment Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 19 people that are either part- or full-time employees. 79 percent of the employees work as investment advisers or researchers. 15 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.
Almanack Investment Partners, LLC is owned by Kevin Raymond Harper. James William Judge joined the executive team most recently as the Chief Compliance Officer.
The principal office where Almanack Investment Partners, LLC performs its advisory services is located at 656 E Swedesford Road, Wayne, PA 19087, which is also the mailing address of the firm. An additional office of the firm is in Baton Rouge, LA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 484-580-2277. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at almanackip.com.