Performa Limited (Us), LLC (Charleston)

Name: Performa Limited (Us), LLC
Address: 960 Morrison Drive, Charleston, SC, 29403
Telephone: 843-297-4940

Performa Limited (Us), LLC is a large advisory firm based in Charleston. It manages $1.62 billion of regulatory assets for 55 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of South Carolina and Vermont.

Performa Limited (Us) provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Performa Limited (Us): assets under management

The assets under management (AUM) of Performa Limited (Us), LLC is $1.62 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 41% since the beginning of its operation, and $1.55 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.62 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $29.49 million each.

Performa Limited (Us) has custody of $44.92 million in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 40% of the total AUM. The second-largest asset type is government bonds, which make up 39% of the firm’s portfolio. Investments in investment and business development companies form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Performa Limited (Us), LLC for their services and products based on a percentage of assets under management. 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 Performa Limited (Us) serves?

The firm provides services to insurance companies and pooled investment vehicles. The largest group of clients of Performa Limited (Us) is pooled investment vehicles with 6 clients and $1.28 billion of assets under management. Among the 9 most similar advisory firms, Performa Limited (Us) has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.62 billion for 10 clients. 20% of the firm’s clients are foreign persons or businesses.

Performa Limited (Us) also advises several private funds. Namely, one hedge fund and three other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $500,000.

Careers at Performa Limited (Us), LLC

The company employs 15 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
David Thompson Kilborn	Managing member, chief investment officer & president	1 Apr 2010	50% - 75%	2314307
Lawrence Burtschy	Managing partner	1 Apr 2010	25% - 50%	1995161
Chappell Christmas Halstead	Credit analyst	1 Feb 2012	Other	6097430
Kathy Marie Nicholl	Chief compliance officer	1 Aug 2012	Other	4413767
Jason Golder	Portfolio manager	1 Aug 2012	Other	6063578
Scott Michael Mcintyre	Portfolio manager	1 Aug 2012	Other	2791508
Sandi M Prescott	Head of client service	1 Apr 2013	Other	6061514
L.P. Performa Limited Holdings	De limited partnership	1 Aug 2013	25% - 50%	46-3928582
Robert Scott Mildrum	Economic & macro quantitative strategist	1 Sep 2013	Other	5110420
Scott Bruce Shubert	Chief equity officer	1 Jan 2015	Other	1083842

Based in Charleston

The principal office where Performa Limited (Us), LLC performs its advisory services is located at 960 Morrison Drive, Charleston, SC 29403, which is also the mailing address of the firm. An additional office of the firm is in Burlington, VT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 843-297-4940 or by fax 843-300-1057. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at performaltd.com and its LinkedIn profile.