Rhumbline Advisers Ltd Partnership is a large advisory firm based in Boston. It manages $50.35 billion of regulatory assets for 479 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Georgia, Louisiana, Massachusetts, and Texas.
Rhumbline Advisers Ltd Partnership 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 Rhumbline Advisers Ltd Partnership is $50.35 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 580% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Rhumbline Advisers Ltd Partnership 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.
The firm provides services to charitable organizations, other investment advisers, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Rhumbline Advisers Ltd Partnership is state or municipal government entities with 110 clients and $33.3 billion of assets under management. Among the 7 most similar advisory firms, Rhumbline Advisers Ltd Partnership has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $50.28 billion for 233 clients. None of the firm’s clients are foreign persons or businesses.
Rhumbline Advisers Ltd Partnership also advises several private funds. Namely, twelve other private funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 22 people that are either part- or full-time employees. 27 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Norman Herbert Meltz has served as the Chief Investment Officer since 1 Aug 2005 and Wayne Owen is the Chief Executive Officer of Rhumbline Advisers Ltd Partnership family office. Denise Andrea Sexeny joined the executive team most recently as the Marketing Director.
The principal office where Rhumbline Advisers Ltd Partnership performs its advisory services is located at 265 Franklin Street, 21 St Floor, Boston, MA 02110 3326, 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 617-345-0434 or by fax 617-345-0675. 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 rhumblineadvisers.com.