Pier 88 Investment Partners, LLC is a large advisory firm based in San Francisco. It manages $275.63 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Illinois, and Utah.
Pier 88 Investment Partners provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. 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 Pier 88 Investment Partners, LLC is $275.63 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 682% since the beginning of its operation, and $4.02 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Pier 88 Investment Partners, LLC for their services and products based on a percentage of assets under management and performance-based 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.
The firm provides services to insurance companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Pier 88 Investment Partners is insurance companies with 1 clients and $211.6 million of assets under management. Among the 11 most similar advisory firms, Pier 88 Investment Partners has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $275.63 million for 8 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.
Pier 88 Investment Partners also advises several private funds. Namely, one hedge fund and two other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.
The company employs 4 people that are either part- or full-time employees. 75 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.
The principal office where Pier 88 Investment Partners, LLC performs its advisory services is located at 230 California Street, Suite 410, San Francisco, CA 94111, 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 415-814-8840 or by fax 415-780-4659. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at pier88.com/.