Ocean Endowment Partners, LLC (Chicago)

Name: Ocean Endowment Partners, LLC
Address: 50 W Chestnut St, Chicago, IL, 60611
Telephone: 650-234-7803

Ocean Endowment Partners, LLC is a large advisory firm based in Chicago. It manages $406.84 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California and Illinois.

Ocean Endowment Partners provides portfolio management for individuals and small businesses, 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.

Ocean Endowment Partners: assets under management

The assets under management (AUM) of Ocean Endowment Partners, LLC is $406.84 million. The firm's AUM has gone down by -13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $402.22 million in discretionary accounts and $4.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $40.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.62 million.

Ocean Endowment Partners has custody of $44.2 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 36% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% 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 Ocean Endowment Partners, 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 Ocean Endowment Partners serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Ocean Endowment Partners is pooled investment vehicles with 1 clients and $213.67 million of assets under management. Among the 9 most similar advisory firms, Ocean Endowment Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $401.28 million for 6 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.

Ocean Endowment Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Ocean Endowment Partners, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Sunica Tyler Edelstein	Managing member (class a units) and chief compliance officer	1 Jan 2007	75% - 100%	5822551
Richard C Tuttle	Member (class b units)	1 May 2009	Other	5832836
Michael Brownrigg	Member (class b units)	1 May 2009	Other	5840189
Kathryn Gerber Kennedy	Member (class b units)	1 May 2009	Other	2635336
Paul A Ormond	Member (class b units)	1 May 2009	Other	5832840
B. Howard Pearson	Member (class b units)	1 May 2009	Other	5832846
Yaniv Tepper	Member (class b units)	1 May 2009	Other	2690686
Daniel Weiss	Member (class b units)	1 May 2009	Other	5832841
2000 The Walton Rice Intervivos Trust Dated July 14	Member (class b units)	1 May 2009	Other	01-6174822

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Zeb Rice	Trustee	1 Jul 2000	50% - 75%	5835989
Nina Walton	Trustee	1 Jul 2000	50% - 75%	5835990

Based in Chicago

The principal office where Ocean Endowment Partners, LLC performs its advisory services is located at 50 W Chestnut St, Chicago, IL 60611, 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 650-234-7803 or by fax 206-984-2294. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at oceanendowment.com.