Clarkston Capital Partners, LLC is a large advisory firm based in Bloomfield Hills. It manages $3.42 billion of regulatory assets for 1,365 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Arizona, California, and 12 other states.
Clarkston Capital Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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 Clarkston Capital Partners, LLC is $3.42 billion. The firm's AUM has grown by 17876% since the beginning of its operation, and $548.57 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Clarkston Capital Partners, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Salvatore F. Gianino is investment companies with 4 clients and $801.26 million of assets under management. Among the 11 most similar advisory firms, Clarkston Capital Partners has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $3.36 billion for 810 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.
Clarkston Capital Partners also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $20,000 for each fund.
The company employs 29 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 9 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.
Salvatore F. Gianino has been acting as President since 1 Jan 2009. Jeffrey Anthony Hakala has served as the Chief Investment Officer since 1 Feb 2007. Gerald Wayne Hakala joined the executive team most recently as the Managing Partner, Equities.
The principal office where Clarkston Capital Partners, LLC performs its advisory services is located at 91 West Long Lake Road, Bloomfield Hills, MI 48304, 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 248-723-8000 or by fax 248-723-8090. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at clarkstoncapital.com.