Clearshares LLC (New York)

Name: Clearshares LLC
Address: 250 Park Avenue, Suite 7052, New York, NY, 10177
Telephone: 212-359-0266

Clearshares LLC is a large advisory firm based in New York. It manages $140.15 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Clearshares provides portfolio management for individuals and small businesses and portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Clearshares: assets under management

The assets under management (AUM) of Clearshares LLC is $140.15 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 236% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $140.15 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $46.72 million each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 50% of the total AUM. The second-largest asset type is government bonds, which make up 50% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Clearshares LLC 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.

What kind of clients Thomas Edward Deegan serves?

The only and largest group of clients of Thomas Edward Deegan is investment companies with 1 clients and $138.56 million of assets under management. Among the 10 most similar advisory firms, Clearshares has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $138.56 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Clearshares doesn't advise any private funds.

Careers at Clearshares LLC

The company employs 7 people that are either part- or full-time employees. 57 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.

Thomas Edward Deegan has been acting as President since 1 Jan 2017. Deegan Holdings Llc joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Clearbrook Llc	Member	1 Feb 2011	75% - 100%	73-1719518
Timothy Chan Ng	Managing director	1 Feb 2011	Other	1009388
Clearbrook Global Advisors Llc	Member	1 Feb 2011	75% - 100%	73-1719518
Walter Alan Gilmore	Chief compliance officer	1 Mar 2011	Other	1996728
Thomas Edward Deegan	Director	1 Jan 2017	Other	6379485
Deegan Holdings Llc	Member	1 Jun 2019	75% - 100%	20-2192425

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Edward Deegan	Member	1 Jan 2010	Other	6379485
Elliott Wakefield Wislar	Elected manager	1 Oct 2010	Other	1492343
James Deforrest Bishop	Elected manager	1 Oct 2010	Other	5871231
Four Families Funding Llc	Member	1 Oct 2010	50% - 75%	61-1605483
Jeffrey Hamilton Salzman	Elected manager	1 Apr 2011	Other	827668
John Benton Wislar	Elected manager	1 Jun 2011	Other	1850440
John B Wislar	Elected manager	1 Jun 2011	Other	1850440
Timothy Chan Ng	Elected manager	1 Aug 2011	Other	1009388
Clearbrook Holdings Llc	Member	1 Oct 2017	50% - 75%	82-2741944

Based in New York

The principal office where Clearshares LLC performs its advisory services is located at 250 Park Avenue, Suite 7052, New York, NY 10177, 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 212-359-0266. The normal business hours are 9:00a - 5:00p on Monday - Friday. You can find more information about the New York firm at clear-shares.com/.