Bandera Partners LLC (New York)

Name: Bandera Partners LLC
Address: 50 Broad Street, New York, NY, 10004 2358
Telephone: 212-232-0116

Bandera Partners LLC is a large advisory firm based in New York. It manages $150.49 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2013.

Bandera Partners 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.

Bandera Partners: assets under management

The assets under management (AUM) of Bandera Partners LLC is $150.49 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -37% since the beginning of its operation, and $55.29 million of the total AUM is attributable to clients outside of the United States.

The firm manages $150.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $75.25 million each.

Bandera Partners has custody of $150.49 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bandera Partners LLC for their services and products based on a percentage of assets under management and performance-based 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.

What kind of clients Bandera Partners serves?

The only and largest group of clients of Bandera Partners is pooled investment vehicles with 100 clients and $150.49 million of assets under management. Among the 10 most similar advisory firms, Bandera Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $150.49 million for 100 clients. 50% of the firm’s clients are foreign persons or businesses.

Bandera Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Bandera Partners LLC

The company employs 5 people that are either part- or full-time employees. 40 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
Gregory Eugene Bylinsky	Managing partner	1 Nov 2006	Other	4670573
Jefferson Philip Gramm	Managing partner	1 Nov 2006	Other	5071027
Natalie Jeanne Banas	Managing director	1 Nov 2006	Other	6028698
Tac Capital Llc	Member	1 Jan 2007	Other	51-0403051
Andrew Gregg Shpiz	Managing partner	1 Jan 2010	Other	2206754
Robert Edward Beers	Chief compliance officer, chief financial officer	1 Jun 2011	Other	872648
Madeline Elaine Hedges	Chief compliance officer	1 Jan 2019	Other	5159813

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Tac Financial Corporation	Member	1 Jan 2007	75% - 100%	51-0357270
The Adam Corporation	Shareholder	1 Jan 2007	75% - 100%	74-2270146
Donald A Adam	Shareholder	1 Jan 2007	75% - 100%	6030064

Based in New York

The principal office where Bandera Partners LLC performs its advisory services is located at 50 Broad Street, New York, NY 10004 2358, 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 212-232-0116 or by fax 212-232-4586. 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 banderapartners.com.