Great Elm Capital Management, Inc. (Waltham)

Great Elm Capital Management, Inc. is a large advisory firm based in Waltham. It manages $205.81 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Massachusetts.

Great Elm Capital Management provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Great Elm Capital Management: assets under management

The assets under management (AUM) of Great Elm Capital Management, Inc. is $205.81 million. The firm's AUM has grown by 3% since the beginning of its operation, and $205.81 million of the total AUM is attributable to clients outside of the United States.

The firm manages $192.99 million in discretionary accounts and $12.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $96.49 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.27 million.

Great Elm Capital Management has custody of $1.07 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Great Elm Capital Management, Inc. 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.

What kind of clients Great Elm Capital Management serves?

The firm provides services to pooled investment vehicles and business development companies. The largest group of clients of Great Elm Capital Management is business development companies with 1 clients and $191.92 million of assets under management. Among the 10 most similar advisory firms, Great Elm Capital Management has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $205.81 million for 5 clients. None of the firm’s clients are foreign persons or businesses.

Great Elm Capital Management also advises several private funds. Namely, one hedge fund.

Careers at Great Elm Capital Management, Inc.

The company employs 13 people that are either part- or full-time employees. 46 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.

Peter Andrew Reed has served as the Chief Investment Officer since 1 Jun 2016. Adam Kleinman joined the executive team most recently as the Chief Operating Officer, Chief Compliance Officer And General Counsel.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Great Elm Capital Group	Sole shareholder	1 May 2016	75% - 100%	94-3219054
Robert Wilson	Chief compliance officer	1 Jun 2016	Other	6465354
Robert (Nmn) Wilson	Chief compliance officer	1 Jun 2016	Other	6465354
Peter Andrew Reed	Chief investment officer	1 Jun 2016	Other	3084955
John Stanley Ehlinger	Managing director	1 Oct 2016	Other	2292507
Adam Kleinman	Managing director	1 Oct 2016	Other	5658279
Richard Chernicoff	Managing director	1 Oct 2016	Other	6726828
John Stanley Ehlinger	Portfolio manager	1 Nov 2016	Other	2292507
Adam Wallace Yates	Portfolio manager	1 Nov 2016	Other	6864492
Adam Kleinman	Managing director	1 Nov 2016	Other	5658279
Richard Chernicoff	Managing director	1 Nov 2016	Other	6726828
Adam Kleinman	Chief operating officer, chief compliance officer and general counsel	1 Sep 2017	Other	5658279

Based in Waltham

The principal office where Great Elm Capital Management, Inc. performs its advisory services is located at 800 South Street, Waltham, MA 02453, 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 617-375-3006 or by fax 781-559-0883. The normal business hours are 7:30 am - 6:30 pm on Monday - Friday.