Entrust Partners LLC (New York)


Entrust Partners LLC is a large advisory firm based in New York. It manages $5.48 billion of regulatory assets for 39 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Entrust Partners provides 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.

Entrust Partners: assets under management

The assets under management (AUM) of Entrust Partners LLC is $5.48 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3829% since the beginning of its operation, and $639.88 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.48 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $140.51 million each.
Entrust Partners has custody of $5.45 billion in cash and securities for 38 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Entrust 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 Entrust Partners serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Entrust Partners is pooled investment vehicles with 38 clients and $5.45 billion of assets under management. Among the 10 most similar advisory firms, Entrust Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.48 billion for 39 clients. 11% of the firm’s clients are foreign persons or businesses.

Entrust Partners also advises several private funds. Namely, ten hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $20,000,000.

Careers at Entrust Partners LLC

The company employs 155 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Gregg Scott Hymowitz Managing member (entrust partners llc) 1 Nov 1998 75% - 100% 2247461
Michael Elias Horowitz Principal 1 Nov 1998 25% - 50% 250405
Mark Simon Fife Principal 1 Nov 1998 25% - 50% 1208139
Richard I Ellenbogen General counsel 1 Nov 1998 Other 4332073
Jill Zelenko Kuller Chief financial officer (entrust partners llc) 1 Jul 2000 Other 4332080
Jill Nmn Zelenko Kuller Chief financial officer 1 Jul 2000 Other 4332080
Bruce Joel Kahne General counsel/chief compliance officer 1 Sep 2007 Other 5467781
Gregg Scott Hymowitz Chairman and chief executive officer 1 May 2016 25% - 50% 2247461
Jill Nmn Zelenko Kuller Global chief risk officer & chief operating officer 1 May 2016 Other 4332080
Entrustpermal Partners Holdings Llc Owner 1 May 2016 75% - 100% 81-2227449
Francois Paul Becquaert Chief financial officer 1 May 2016 Other 5089253
Ep Partners Holdings Llc Owner 1 May 2016 75% - 100% 81-2227449
Bruce Paul Gimpell Chief operating officer (entrust partners llc) 1 May 2016 Other 2682838
Entrustpermal Group Holdings Llc Owner 1 Dec 2017 50% - 75% 81-1908519
Gh Transfer 1 Llc Owner 1 Dec 2017 25% - 50% 00-0000000
Kristin Marie Weigand Chief risk officer 1 Jan 2019 Other 5860241

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Gregg Scott Hymowitz Member 1 Jan 2016 25% - 50% 2247461
Permal Uk Ltd. (Uk) Owner 1 May 2016 50% - 75% 00-0000000
Permal Group Limited (Uk) Owner 1 May 2016 75% - 100% 00-00000000
Legg Mason Global Holdings Ltd. (Cayman) Owner 1 May 2016 75% - 100% 00-0000000
Inc. (Usa) Legg Mason Owner 1 May 2016 75% - 100% 52-1200960
Entrustpermal Group Holdings Llc Owner 1 May 2016 50% - 75% 81-1908519
Gregg Scott Hymowitz Member 1 Dec 2017 75% - 100% 2247461

Based in New York

The principal office where Entrust Partners LLC performs its advisory services is located at 375 Park Avenue, New York, NY 10152, which is also the mailing address of the firm. An additional office of the firm is in Medfield, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-888-1040 or by fax (212) 225-8469. The normal business hours are 9:00am to 6:00pm on Monday - Friday. You can find more information about the New York firm at entrustcapital.com.