Symphony Technology Group, LLC (Palo Alto)

Name: Symphony Technology Group, LLC
Address: 428 University Avenue, Palo Alto, CA, 94301
Telephone: 650-935-9500

Symphony Technology Group, LLC is a large advisory firm based in Palo Alto. It manages $1.37 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Symphony Technology Group provides 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.

Symphony Technology Group: assets under management

The assets under management (AUM) of Symphony Technology Group, LLC is $1.37 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 26% since the beginning of its operation, and $312.79 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.37 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $228.5 million each.

Symphony Technology Group has custody of $1.37 billion in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Symphony Technology Group, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Symphony Technology Group serves?

The only and largest group of clients of Symphony Technology Group is pooled investment vehicles with 6 clients and $1.37 billion of assets under management. Among the 12 most similar advisory firms, Symphony Technology Group has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.37 billion for 6 clients. None of the firm’s clients are foreign persons or businesses.

Symphony Technology Group also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $2,000,000 to $30,000,000.

Careers at Symphony Technology Group, LLC

The company employs 28 people that are either part- or full-time employees. 64 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Romesh Tekchand Wadhwani	Trustee of romesh and kathleen wadhwani trust u/a/d july 11, 1997	1 Jul 1997	Other	6027606
William Francis Chisholm	Trustee of chisholm living trust u/a/d august 17, 2000	1 Aug 2000	Other	2166353
Romesh Tekchand Wadhwani	Ceo, chairman and elected manager	1 Aug 2001	Other	6027606
William Francis Chisholm	Managing director and elected manager	1 Aug 2001	Other	2166353
1997 Romesh And Kathleen Wadhwani Trust U/A/D July 11	Member	1 Jul 2002	75% - 100%	xxx-xx-xxxx
2000 Chisholm Living Trust U/A/D August 17	Member	1 Jul 2002	Other	xxx-xx-xxxx
Bradley Paul Macmillin	Cfo, cco	1 Feb 2008	Other	6027621
Johnie Tristan Treadwell	Managing director	1 Jul 2010	Other	6027610
Douglas Marshall Haines	Managing director	1 Jan 2011	Other	5085536
Stephen E. Henkenmeier	Cfo, cco	1 Jan 2013	Other	6154531
Marc Bala	Managing director	1 Jul 2013	Other	6315291

Based in Palo Alto

The principal office where Symphony Technology Group, LLC performs its advisory services is located at 428 University Avenue, Palo Alto, CA 94301, 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 650-935-9500 or by fax 650-935-9501. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at symphonytg.com.