Schoolcraft Capital LLC (Boulder)

Name: Schoolcraft Capital LLC
Address: 820 Pearl Street Suite F, Boulder, CO, 80302
Telephone: 303-625-6868

Schoolcraft Capital LLC is a large advisory firm based in Boulder. It manages $430.37 million of regulatory assets for 92 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Colorado, Florida, Illinois, Nebraska, and Texas.

Schoolcraft Capital provides financial planning services, portfolio management for individuals and small businesses, 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.

Schoolcraft Capital: assets under management

The assets under management (AUM) of Schoolcraft Capital LLC is $430.37 million. The firm's AUM has grown by 1335% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $388.23 million in discretionary accounts and $42.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.25 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.34 million.

Schoolcraft Capital has custody of $312.87 million in cash and securities for 65 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schoolcraft Capital 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.

What kind of clients Schoolcraft Capital serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Schoolcraft Capital is high net worth individuals with 87 clients and $365 million of assets under management. Among the 9 most similar advisory firms, Schoolcraft Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $430.37 million for 92 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.

Schoolcraft Capital also advises several private funds. Namely, two hedge funds and three private equity funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Schoolcraft Capital LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael John Sherman	Sole member and manager; chief compliance officer	1 Nov 2014	75% - 100%	2286858
Michael John Sherman	Owner, manager, & chief compliance officer	1 Feb 2015	75% - 100%	2286858
Theodore Andrew Harris	Member and manager	1 Jun 2016	50% - 75%	4710388
Oana Nm Bolton	Chief compliance officer and director of operations	1 Jun 2017	Other	4475524

Based in Boulder

The principal office where Schoolcraft Capital LLC performs its advisory services is located at 820 Pearl Street Suite F, Boulder, CO 80302, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-625-6868. The normal business hours are 8:00am-5:30pm on Monday - Friday. You can find more information about the New York firm at schoolcraftcapital.com.