Union Square Investment Co (San Francisco)

Name: Union Square Investment Co
Address: 360 Post Street, Suite 900, San Francisco, CA, 94108
Telephone: 415-392-9228

Union Square Investment Co is a large advisory firm based in San Francisco. It manages $286.34 million of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Union Square Investment provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Union Square Investment: assets under management

The assets under management (AUM) of Union Square Investment Co is $286.34 million. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $277.13 million in discretionary accounts and $9.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.59 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.84 million.

Union Square Investment has custody of $214.64 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Union Square Investment Co for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Union Square Investment serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Union Square Investment is pooled investment vehicles with 1 clients and $214.64 million of assets under management. Among the 8 most similar advisory firms, Union Square Investment has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $286.34 million for 19 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.

Union Square Investment also advises several private funds. Namely, one other private fund.

Careers at Union Square Investment Co

The company employs 10 people that are either part- or full-time employees. 30 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
Leslie Schilling	Chairperson, shareholder	1 Feb 1998	75% - 100%	3061799
Alexander Schilling	Director, ceo, president, secretary	1 Feb 1998	Other	3069592
Barbara Benware	Cfo, vp finance	1 Feb 1998	Other	3069590
Leslie Tang Schilling	Chairperson, shareholder	1 Feb 1998	75% - 100%	3061799
Alexander Hamilton Schilling	Director, ceo, president, secretary	1 Feb 1998	Other	3069592
Barbara Lynn Benware	Cfo, vp finance	1 Feb 1998	Other	3069590
Jeffrey Michael Whaley	President, ceo, secretary, director	1 Jul 2003	Other	2608920
Barbara Lynn Benware	Chief compliance officer, vp planning & investments	1 Oct 2004	Other	3069590
Barbara Lynn Benware	Chief compliance officer, vp planning & investments	1 Nov 2004	Other	3069590
Dorothy Helen Kulpinski	Vp, finance	1 Jul 2005	Other	5035255
Trustee Jacaranda Trust Alexander H. Schilling	Owner	1 Feb 2008	75% - 100%	grantor-trust
Trustee The Jacaranda Trust Leslie T. Schilling	Owner	1 Feb 2008	50% - 75%	gr-antortrust
Trustee The Jacaranda Trust Alexander H. Schilling	Owner	1 Feb 2008	50% - 75%	gr-antortrust
Lauren Jean Renken	Chief financial officer	1 Jul 2010	Other	1295234
Lauren Jean Renken	Chief compliance officer, chief financial officer	1 Dec 2010	Other	1295234
Alexander Hamilton Schilling	Secretary	1 Jun 2013	Other	3069592
James M. Hering	President, ceo	1 Sep 2014	Other	2440945
Salina Wingkam Yeung	Cfo, cco	1 Jan 2017	Other	2938378
Alexander Hamilton Schilling	President, ceo	1 Apr 2018	Other	3069592

Based in San Francisco

The principal office where Union Square Investment Co performs its advisory services is located at 360 Post Street, Suite 900, San Francisco, CA 94108, 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 415-392-9228 or by fax 415-392-1928. The normal business hours are 8:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at usqic.com.