Morse Capital Partners, LLC (Richmond)

Name: Morse Capital Partners, LLC
Address: 8814 Fargo Road, Richmond, VA, 23229
Telephone: 804.888.7771

Morse Capital Partners, LLC is a large advisory firm based in Richmond. It manages $173.33 million of regulatory assets for 652 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, New York, North Carolina, and Virginia.

Morse Capital Partners provides financial planning services, portfolio management for individuals and small businesses, 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.

Morse Capital Partners: assets under management

The assets under management (AUM) of Morse Capital Partners, LLC is $173.33 million. The firm's AUM has grown by 127% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $147.36 million in discretionary accounts and $25.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $254.95 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $350.95 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 35% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Morse Capital Partners, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Morse Capital Partners serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Morse Capital Partners is high net worth individuals with 26 clients and $107.32 million of assets under management. Among the 8 most similar advisory firms, Morse Capital Partners has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $173.33 million for 143 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.

Morse Capital Partners doesn't advise any private funds.

Careers at Morse Capital Partners, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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.

Andrew Michael Valerie has served as the Chief Investment Officer since 1 Jan 2009. Sarah Margaret Westbrook joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marvin Brent Morse	Managing member/cco	1 Jan 2008	50% - 75%	2413098
Robert Roland Wake	Chief operating officer	1 Jan 2009	Other	5649108
Andrew Michael Valerie	Chief investment officer	1 Jan 2009	Other	2302676
Shannon Barfield Keller	Chief investment officer	1 Nov 2009	Other	4114785
Llc Rramcp	Member	1 Jan 2010	50% - 75%	27-0382267
Gary Lynn Ackerman	Partner	1 Jan 2011	Other	4668422
David Dwain Jones	Chief compliance officer	1 Mar 2011	Other	2761758
Robert Mallory Freeman	Director, senior consultant	1 Aug 2011	Other	2788977
Gary Lynn Ackerman	Director, senior consultant	1 Aug 2011	Other	4668422
Louis David Dworsky	Managing director	1 Dec 2016	50% - 75%	1689624
Matthew Ashley Swendiman	Chief compliance officer	1 Mar 2017	Other	2849367
Llc Zermatt Wealth Partners	Member	1 Nov 2017	50% - 75%	46-2804235
Bryan Charles Haft	Chief compliance officer	1 Nov 2018	Other	2313491
Sarah Margaret Westbrook	Chief compliance officer	1 Jan 2019	Other	4751500

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Arthur Riggs	Managing member	1 Jan 2010	25% - 50%	1024950
Louis Jay Rogers	Member	1 Jan 2010	25% - 50%	4845692
Louis David Dworsky	Managing member	1 Nov 2017	75% - 100%	1689624

Based in Richmond

The principal office where Morse Capital Partners, LLC performs its advisory services is located at 8814 Fargo Road, Richmond, VA 23229, which is also the mailing address of the firm. An additional office of the firm is in Raleigh, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804.888.7771 or by fax 804.888.7778. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at morsecapitalpartners.com.