Altarock Partners, LLC (Beverly)

Name: Altarock Partners, LLC
Address: 500 Cummings Center, Suite 3490, Beverly, MA, 01915
Telephone: 978-922-7701

Altarock Partners, LLC is a large advisory firm based in Beverly. It manages $1.21 billion of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Massachusetts.

Altarock Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Altarock Partners: assets under management

The assets under management (AUM) of Altarock Partners, LLC is $1.21 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1005% since the beginning of its operation, and $132.56 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.21 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $602.88 million each.

Altarock Partners has custody of $364.13 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

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

The only and largest group of clients of Altarock Partners is pooled investment vehicles with 2 clients and $1.21 billion of assets under management. Among the 10 most similar advisory firms, Altarock Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.21 billion for 2 clients. None of the firm’s clients are foreign persons or businesses.

Altarock Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $5,000,000.

Careers at Altarock Partners, LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No 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
Mark Thomas Massey	Managing member and president	1 Feb 2002	75% - 100%	6035921
Scott Douglas Bradford	Managing member	1 May 2002	25% - 50%	2937222
Shannon Theriault Cabot	Chief compliance officer	1 Sep 2014	Other	6412767

Based in Beverly

The principal office where Altarock Partners, LLC performs its advisory services is located at 500 Cummings Center, Suite 3490, Beverly, MA 01915, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 978-922-7701 or by fax 978-922-7708. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at altarockpartners.com/.