Spruce Private Investors, LLC (Stamford)

Spruce Private Investors, LLC is a large advisory firm based in Stamford. It manages $1.3 billion of regulatory assets for 167 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Connecticut, Maryland, and 3 other states.

Spruce Private Investors 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 prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Spruce Private Investors: assets under management

The assets under management (AUM) of Spruce Private Investors, LLC is $1.3 billion. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.03 billion in discretionary accounts and $273.59 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $19.54 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Spruce Private Investors, 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.

Careers at Spruce Private Investors, LLC

Gil M. Orbach has served as the Chief Investment Officer since 1 Dec 2005. L.L.C. Thrd Act joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Christopher Bailey	Ceo	1 Sep 2001	50% - 75%	2683610
John Christopher Bailey	Ceo	1 Dec 2001	50% - 75%	2683610
Leon Martin Berkowitz	Director of finance	1 Dec 2001	Other	2030801
Gil M. Orbach	Director of investments	1 Jan 2003	Other	4456457
James Geroge Miller	Director of operations	1 Jan 2003	Other	2236546
James George Miller	Director of operations	1 Jan 2003	Other	2236546
Eric Gray Knauss	Director of manager research	1 May 2003	Other	1292814
Gil M. Orbach	Chief investment officer	1 Jun 2003	Other	4456457
Gil M. Orbach	Chief compliance officer, doi	1 Dec 2004	Other	4456457
Gil M. Orbach	Chief investment officer	1 Dec 2005	Other	4456457
Noreen Marie Mcgorty	Chief compliance officer	1 Dec 2005	Other	1846099
Robert Michael Bastone	Chief compliance officer	1 Feb 2011	Other	1573121
L.P. Estancia Capital Partners	Shareholder	1 Oct 2012	25% - 50%	27-0665503

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Estancia Managing Directors	Managing member	1 Jul 2009	75% - 100%	27-2804671
Llc Estancia Managing Directors	Managing member	1 May 2010	75% - 100%	27-2804671
U/T/A Dated December 14th 1992 Mendez Family Trust	Managing member	1 Dec 2011	75% - 100%	xxx-xx-xxxx
Llc Revolutionaries	Member	1 Jan 2012	50% - 75%	45-4089154
Llc Estancia Gp	General partner	1 Oct 2012	Other	27-0665256
L.L.C. Thrd Act	Member	1 Jan 2013	50% - 75%	46-1924446
U/T/A Dated December 14th 1992 Mendez Family Trust	Managing member	1 Jan 2013	50% - 75%	xxx-xx-xxxx

Based in Stamford

The principal office where Spruce Private Investors, LLC performs its advisory services is located at One Stamford Plaza, Stamford, CT 06901, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-428-2600 or by fax 203-428-2628. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday.