Genspring Family Offices, LLC (Jupiter)

Name: Genspring Family Offices, LLC
Address: 150 South Us Highway 1, Jupiter, FL, 33477
Telephone: 561-746-8444

Genspring Family Offices, LLC is a large advisory firm based in Jupiter. It manages $263.92 million of regulatory assets for 163 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Connecticut, Delaware, Florida, Georgia, and New York.

Genspring Family Offices provides 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.

Genspring Family Offices: assets under management

The assets under management (AUM) of Genspring Family Offices, LLC is $263.92 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -97% since the beginning of its operation, and $1.18 million of the total AUM is attributable to clients outside of the United States.

The firm manages $263.92 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.62 million each.

Genspring Family Offices has custody of $224.9 million in cash and securities for 21 clients in total and its related person acts as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Genspring Family Offices, 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.

What kind of clients Genspring Family Offices serves?

The only and largest group of clients of Genspring Family Offices is pooled investment vehicles with 20 clients and $263.92 million of assets under management. Among the 9 most similar advisory firms, Genspring Family Offices has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $263.92 million for 20 clients. 1% of the firm’s clients are foreign persons or businesses.

Genspring Family Offices also advises several private funds. Namely, six hedge funds and fourteen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Genspring Family Offices, LLC

The company employs 6 people that are either part- or full-time employees. No 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.

Ernest Nicholas Dawal has served as the Chief Investment Officer since 1 Oct 2012 and Willem Jau Odo Hattink is the Chief Executive Officer of Genspring Family Offices, LLC family office. Michael Eugene Pearson joined the executive team most recently as the Cco, Board Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Genspring Holdings	Holding company	1 Jul 1999	75% - 100%	65-0078558
Henry Perry	Chairman,manager	1 Jul 1999	Other	2105076
Andrew Patrick Mehalko	Chief investment officer	1 Mar 2001	Other	1739679
Robert John Hille	Chief compliance officer	1 Nov 2003	Other	4865074
Ginny Rae Neal	Legal resource manager	1 Aug 2005	Other	5314372
Maria Elena Lagomasino	Chief executive officer	1 Nov 2005	Other	4596698
Michael Zeuner	Chief strategy & client experience officer	1 Nov 2005	Other	4534178
Michael James Holden	Chief operating officer	1 Nov 2005	Other	4089204
Myron Michael Zeuner	Senior executive partner	1 Nov 2005	Other	4534178
Neal Sessions	Chief financial officer	1 Sep 2006	Other	2982411
Neal Bradley Sessions	Cfo	1 Sep 2006	Other	1731039
Henry Perry	Chairman emeritus	1 Jan 2007	Other	2105076
Unvested Employee Interests	Shareholders	1 May 2007	25% - 50%	00-0000000
Michael James Holden	Chief compliance officer	1 Jan 2009	Other	4089204
Patrick Anthony Paparelli	Chief compliance officer	1 Dec 2010	Other	4778194
John Thomas Elmes	Head of investments	1 Feb 2011	Other	2209048
Jean Louis Pierre Brunel	Chief investment officer	1 May 2011	Other	4335573
Tai Young Kim	Controller	1 Mar 2012	Other	5836157
Michael Joseph Santone	Controller	1 Mar 2012	Other	6056544
Tai Young Kim	Chief financial officer	1 Jul 2012	Other	5836157
Ernest Nicholas Dawal	Chief investment officer	1 Oct 2012	Other	2907235
Thomas Mclemore Carroll	Chief executive officer	1 Oct 2012	Other	4199835
Christopher C Chandler	Head of portfolio implementation and investment experience	1 Jan 2013	Other	4864174
Patrick Anthony Paparelli	Secretary, chief compliance officer	1 Jan 2013	Other	4778194
David Ioram Bokman	Chief strategy & client experience officer	1 Jan 2013	Other	1801025
Michael Joseph Santone	Chief operating officer	1 Jan 2013	Other	6056544
Michael Abraham Woocher	Head of client development	1 Jan 2013	Other	4199887
Catherine Richards Mcclellan	Secretary, chief compliance officer	1 Jun 2014	Other	1453119
Willem Jau Odo Hattink	Chief executive officer	1 Aug 2014	Other	4820475
Susan J Hechtlinger	Chief compliance officer	1 Apr 2016	Other	2890466
Michael Eugene Pearson	Secretary	1 Apr 2016	Other	2751813
Christopher Michael Trokey	Senior vice president	1 Apr 2016	Other	4262959
Timothy Michael Tallach	Senior vice president	1 Jun 2016	Other	4494980
James Peter Brennan	Senior vice president	1 Jun 2016	Other	4570480
Michael Eugene Pearson	Cco, board member	1 Jan 2018	Other	2751813

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc Suntrust Banks	Shareholder	1 Mar 2001	75% - 100%	58-1575035

Based in Jupiter

The principal office where Genspring Family Offices, LLC performs its advisory services is located at 150 South Us Highway 1, Jupiter, FL 33477, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-746-8444 or by fax 561-746-0895. The normal business hours are 8:30 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at genspring.com.