Shaker Financial Services, LLC (Annapolis)

Name: Shaker Financial Services, LLC
Address: 1906 Towne Centre Blvd., Annapolis, MD, 21401
Telephone: 410-224-0572

Shaker Financial Services, LLC is a large advisory firm based in Annapolis. It manages $158.61 million of regulatory assets for 568 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, District of Columbia, and 10 other states.

Shaker Financial Services provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Shaker Financial Services: assets under management

The assets under management (AUM) of Shaker Financial Services, LLC is $158.61 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 156% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $158.61 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $279.24 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Shaker Financial Services, LLC for their services and products based on a percentage of assets under management. 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 Shaker Financial Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Shaker Financial Services is high net worth individuals with 103 clients and $104.1 million of assets under management. Among the 12 most similar advisory firms, Shaker Financial Services has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $152.78 million for 334 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Shaker Financial Services doesn't advise any private funds.

Careers at Shaker Financial Services, LLC

The company employs 7 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Robert M. Shaker	Chief compliance officer	1 Sep 2004	50% - 75%	4865114
Richard John Shaker	Manager	1 Jan 2007	75% - 100%	5269230
Kathryn Shaker Baummer	Partner	1 Sep 2007	50% - 75%	6047953

Based in Annapolis

The principal office where Shaker Financial Services, LLC performs its advisory services is located at 1906 Towne Centre Blvd., Annapolis, MD 21401, which is also the mailing address of the firm. An additional office of the firm is in Sewell, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-224-0572 or by fax 443-458-0982. The normal business hours are 0900-1700 on Monday - Friday. You can find more information about the New York firm at shakerfinancial.com.