Almanack Investment Partners, LLC (Wayne)

Name: Almanack Investment Partners, LLC
Address: 656 E Swedesford Road, Wayne, PA, 19087
Telephone: 484-580-2277

Almanack Investment Partners, LLC is a large advisory firm based in Wayne. It manages $750 million of regulatory assets for 2,000 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of District of Columbia, Louisiana, Maryland, and 5 other states.

Almanack Investment Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Almanack Investment Partners: assets under management

The assets under management (AUM) of Almanack Investment Partners, LLC is $750 million. The firm's AUM has grown by 456% since the beginning of its operation, and $65 million of the total AUM is attributable to clients outside of the United States.

The firm manages $660 million in discretionary accounts and $90 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $347.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $900 thousand.

Almanack Investment Partners has custody of $48.21 million in cash and securities for 37 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 83% of the total AUM. The second-largest asset type is investment and business development companies, which make up 8% of the firm’s portfolio. Investments in pooled investment vehicles form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Almanack Investment Partners, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Almanack Investment Partners serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Almanack Investment Partners is high net worth individuals with 250 clients and $398 million of assets under management. Among the 10 most similar advisory firms, Almanack Investment Partners has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $665.5 million for 921 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 9% of the firm’s clients are foreign persons or businesses.

Almanack Investment Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Almanack Investment Partners, LLC

The company employs 19 people that are either part- or full-time employees. 79 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Almanack Investment Partners, LLC is owned by Kevin Raymond Harper. James William Judge joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Drew Hughes	Managing member	1 Sep 2015	75% - 100%	1338811
James William Judge	Chief compliance officer	1 Dec 2015	Other	4818175
Kevin Raymond Harper	Owner	1 Dec 2016	75% - 100%	5507287

Based in Wayne

The principal office where Almanack Investment Partners, LLC performs its advisory services is located at 656 E Swedesford Road, Wayne, PA 19087, which is also the mailing address of the firm. An additional office of the firm is in Baton Rouge, LA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 484-580-2277. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at almanackip.com.