Fundamentum, LLC (Beachwood)

Fundamentum, LLC is a large advisory firm based in Beachwood. It manages $296.75 million of regulatory assets for 1,333 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Fundamentum 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.

Fundamentum: assets under management

The assets under management (AUM) of Fundamentum, LLC is $296.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 10326% since the beginning of its operation, and $497.99 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $296.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $222.62 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% 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 Fundamentum, 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 Fundamentum serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Fundamentum is high net worth individuals with 74 clients and $137.11 million of assets under management. Among the 11 most similar advisory firms, Fundamentum has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $282.46 million for 837 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.

Fundamentum doesn't advise any private funds.

Careers at Fundamentum, LLC

The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 10 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
Stratos Wealth Holdings Llc	Member	1 Jan 2016	75% - 100%	81-2644077
Jeffrey Alan Concepcion	Chief executive officer; elected mananger	1 May 2016	Other	1899367
Daniel Jack Jacoby	Portfolio manager; non-member	1 May 2016	Other	2541027
David Scott Foret	Chief operating officer; non-member	1 May 2016	Other	5995048
Nancy Eileen Andrefsky	Chief financial officer; non-member	1 May 2016	Other	5626963
Matthew James Dunn	Chief compliance officer; non-member	1 May 2016	Other	4882331
Barbara Jean Dull	Director of brokerage operations	1 May 2016	Other	1036911
Jennifer Kathryn Pieronek	Director of advisory operations	1 Feb 2017	Other	2449551

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Alan Concepcion	Managing member	1 Jan 2016	75% - 100%	1899367

Based in Beachwood

The principal office where Fundamentum, LLC performs its advisory services is located at 3750 Park East Drive Suite 200, Beachwood, OH 44122, 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 (866) 553-9882 or by fax N/A. The normal business hours are 8:00am-5:00pm on Monday - Friday.