Spruceview Capital Partners LLC is a large advisory firm based in Denver. It manages $315.65 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Colorado, Illinois, and Massachusetts.
Spruceview Capital Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, 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.
The assets under management (AUM) of Spruceview Capital Partners LLC is $315.65 million. The firm's AUM has grown by 212% since the beginning of its operation, and $180.35 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Spruceview Capital Partners LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Spruceview Capital Partners is pooled investment vehicles with 5 clients and $130.39 million of assets under management. Among the 10 most similar advisory firms, Spruceview Capital Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $130.39 million for 5 clients. 54% of the firm’s clients are foreign persons or businesses.
Spruceview Capital Partners also advises several private funds. Namely, one hedge fund and two private equity funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.
The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. No 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.
Richard Walter Sabo has served as the Chief Investment Officer since 1 Jan 2015. David Wayne Zalaznick joined the executive team most recently as the Limited Partner.
The principal office where Spruceview Capital Partners LLC performs its advisory services is located at 200 Fillmore Street, Denver, CO 80206, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 303-586-2416. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at spruceviewpartners.com.