Merganser Capital Management, LLC is a large advisory firm based in Boston. It manages $9.3 billion of regulatory assets for 114 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Massachusetts.
Merganser Capital Management 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 Merganser Capital Management, LLC is $9.3 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and $845.87 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Merganser Capital Management, 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.
The firm provides services to insurance companies, investment companies, 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 Paul Jude Salem is corporations or other businesses with 74 clients and $6.26 billion of assets under management. Among the 7 most similar advisory firms, Merganser Capital Management has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $8.95 billion for 106 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.
Merganser Capital Management also advises several private funds. Namely, five other private funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 25 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
Paul Jude Salem has been acting as President since 1 Oct 2013. John Clarke Clavin joined the executive team most recently as the Executive Vice President, Chief Sales & Marketing Officer, Director.
The principal office where Merganser Capital Management, LLC performs its advisory services is located at 99 High Street, Boston, MA 02110 2320, 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 617-494-1000 or by fax 617-528-4816. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at merganser.com.