Ll Funds, LLC is a large advisory firm based in Philadelphia. It manages $1.58 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Pennsylvania.
Ll Funds provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Ll Funds, LLC is $1.58 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 60% since the beginning of its operation, and $48.11 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ll Funds, 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.
The only and largest group of clients of Ll Funds is pooled investment vehicles with 17 clients and $1.36 billion of assets under management. Among the 7 most similar advisory firms, Ll Funds has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.36 billion for 17 clients. 28% of the firm’s clients are foreign persons or businesses.
Ll Funds also advises several private funds. Namely, three other private funds and nine private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
The company employs 15 people that are either part- or full-time employees. 47 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.
The principal office where Ll Funds, LLC performs its advisory services is located at 2400 Market Street, Philadelphia, PA 19103, 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 267-298-5493 or by fax 215-764-5145. The normal business hours are 9 am - 5 pm on Monday - Friday.