Precept Management, LLC (Dallas)

Name: Precept Management, LLC
Address: 200 Crescent Court, Dallas, TX, 75201
Telephone: 214-880-7444

Precept Management, LLC is a large advisory firm based in Dallas. It manages $203.51 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Texas.

Precept Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Precept Management: assets under management

The assets under management (AUM) of Precept Management, LLC is $203.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 106% since the beginning of its operation, and $19.86 million of the total AUM is attributable to clients outside of the United States.

The firm manages $203.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $50.88 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Precept Management, 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.

What kind of clients Precept Management serves?

The only and largest group of clients of Precept Management is pooled investment vehicles with 4 clients and $203.51 million of assets under management. Among the 12 most similar advisory firms, Precept Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $203.51 million for 4 clients. 25% of the firm’s clients are foreign persons or businesses.

Precept Management also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Precept Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Precept Management	General partner, precept capital management, l.p. ("relying adviser")	1 Jan 1998	Other	75-2828851
Dana Blair Baker	Limited partner, precept capital management, l.p. ("relying adviser")	1 Jan 1998	75% - 100%	1468835
Dana Blair Baker	Managing member, precept management, llc	1 Feb 1998	75% - 100%	1468835
John Earl Bateman	General manager, chief compliance officer	1 Nov 1999	Other	1409745
Nick Robert Roossien	Chief financial officer and chief compliance officer, precept management, llc	1 Oct 2006	Other	5245707

Based in Dallas

The principal office where Precept Management, LLC performs its advisory services is located at 200 Crescent Court, Dallas, TX 75201, 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 214-880-7444 or by fax 214-880-0082. The normal business hours are 8 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at preceptfund.com.