The Rice Partnership, LLC (Honolulu)

Name: The Rice Partnership, LLC
Address: 1099 Alakea Street, Honolulu, HI, 96813
Telephone: 808-585-7788

The Rice Partnership, LLC is a large advisory firm based in Honolulu. It manages $278.87 million of regulatory assets for 380 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Hawaii, and Washington.

The Rice Partnership provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and adminstrative services. 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 Rice Partnership: assets under management

The assets under management (AUM) of The Rice Partnership, LLC is $278.87 million. The firm's AUM has grown by 73% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $255.05 million in discretionary accounts and $23.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $676.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.94 million.

The Rice Partnership has custody of $6.35 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in state and local bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Rice Partnership, LLC for their services and products based on a percentage of assets under management and fixed 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 The Rice Partnership serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Rice Partnership is high net worth individuals with 105 clients and $248.39 million of assets under management. Among the 11 most similar advisory firms, The Rice Partnership has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $250.54 million for 116 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.

The Rice Partnership doesn't advise any private funds.

Careers at The Rice Partnership, LLC

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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.

Orest Victor Saikevych has served as the Chief Investment Officer since 1 Aug 2013. Bonnie Flower Rice joined the executive team most recently as the Member/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bonnie Flower Rice	Member/chief compliance officer	1 Feb 2008	50% - 75%	1418208
Orest Victor Saikevych	Chief investment officer	1 Aug 2013	Other	4595379

Based in Honolulu

The principal office where The Rice Partnership, LLC performs its advisory services is located at 1099 Alakea Street, Honolulu, HI 96813, which is also the mailing address of the firm. An additional office of the firm is in Kahului, Maui, HI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 808-585-7788 or by fax 808-585-7784. The normal business hours are 6am to 4pm on Monday - Friday. You can find more information about the New York firm at thericepartnership.com.