Jordan Park Group LLC (San Francisco)

Name: Jordan Park Group LLC
Address: 100 Pine Street, San Francisco, CA, 94111
Telephone: (415) 417-3000

Jordan Park Group LLC is a large advisory firm based in San Francisco. It manages $9.24 billion of regulatory assets for 1,167 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Hawaii, New Hampshire, and 4 other states.

Jordan Park Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Jordan Park Group: assets under management

The assets under management (AUM) of Jordan Park Group LLC is $9.24 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 158% since the beginning of its operation, and $108.93 million of the total AUM is attributable to clients outside of the United States.

The firm manages $9.24 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.92 million each.

Jordan Park Group has custody of $3.28 billion in cash and securities for 64 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 40% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jordan Park Group LLC for their services and products based on a percentage of assets under management, fixed fees, 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.

What kind of clients Jordan Park Group serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Jordan Park Group is high net worth individuals with 76 clients and $8.23 billion of assets under management. Among the 10 most similar advisory firms, Jordan Park Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $9.24 billion for 86 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Jordan Park Group also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons is $10,000 for each fund.

Careers at Jordan Park Group LLC

The company employs 53 people that are either part- or full-time employees. 32 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
Alexis Marie Diaz	Chief legal officer, senior vice president	1 Apr 2017	Other	6778567
Frank Sherif Ghali	Manager, ceo	1 Apr 2017	Other	4263048
Lucas Edward Babbitt	Chief operating officer, senior vice president	1 Apr 2017	Other	5938329
Ghali Family Trust	Member	1 Apr 2017	Other	xxx-xx-xxxx
Family 1st Llc	Member	1 Apr 2017	75% - 100%	81-1740111
Jordan Park Holding Company Llc	Managing member	1 Sep 2017	75% - 100%	82-2879175
Dana Elizabeth Schmidt	Chief compliance officer, senior vice president	1 Oct 2017	Other	1397060
George Henry Lusch	Chief financial officer	1 Oct 2017	Other	2810174
Michel Attila Del Buono	Chief investment officer, senior vice president	1 Jan 2018	Other	6436122
Jennifer Kate Ciresi	Registered in-house counsel, senior vice president	1 Jul 2018	Other	7001102
Patrick James Dunne	Chief operating officer, senior vice president	1 Sep 2019	Other	2387232
David Sung Hyuk Lee	Chief financial officer, senior vice president	1 Sep 2019	Other	7179356
Heather Hough Brownlie	Chief strategy officer, senior vice president	1 Sep 2019	Other	2923518

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Frank Sherif Ghali	Trustee	1 Aug 2005	Other	4263048
Robyn Tracy Ghali	Trustee	1 Aug 2005	Other	6783206
Robyn Tracy Ghali	Trustee	1 Mar 2012	Other	6783206
Frank Sherif Ghali	Trustee	1 Mar 2012	Other	4263048
Robyn Tracy Ghali	Manager	1 Dec 2015	Other	6783206
Frank Sherif Ghali	Manager	1 Dec 2015	Other	4263048
Ghali Family 2012 Gift Trust	Member	1 Dec 2015	50% - 75%	xxx-xx-xxxx
Ghali Family Trust	Member	1 Dec 2015	50% - 75%	xxx-xx-xxxx
George Henry Lusch	Trustee	1 Jun 2017	Other	2810174
Family 1st Llc	Member	1 Sep 2017	75% - 100%	81-1740111

Based in San Francisco

The principal office where Jordan Park Group LLC performs its advisory services is located at 100 Pine Street, San Francisco, CA 94111, which is also the mailing address of the firm. An additional office of the firm is in Mclean, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (415) 417-3000 or by fax 415-660-3699. The normal business hours are 8:00 am - 5:00pm on Monday - Friday. You can find more information about the New York firm at jordan-park.com.