Rossmore Private Capital, LLC (Glastonbury)

Name: Rossmore Private Capital, LLC
Address: 628 Hebron Avenue, Glastonbury, CT, 06033
Telephone: 860-200-6090

Rossmore Private Capital, LLC is a large advisory firm based in Glastonbury. It manages $433.91 million of regulatory assets for 210 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Connecticut, Florida, Massachusetts, and Texas.

Rossmore Private Capital provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Rossmore Private Capital: assets under management

The assets under management (AUM) of Rossmore Private Capital, LLC is $433.91 million. The firm's AUM has grown by 224% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $422.9 million in discretionary accounts and $11.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.15 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $847.08 thousand.

Rossmore Private Capital has custody of $15.71 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 21% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rossmore Private Capital, LLC for their services and products based on a percentage of assets under management and fixed 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 Rossmore Private Capital serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Rossmore Private Capital is high net worth individuals with 45 clients and $395.72 million of assets under management. Among the 11 most similar advisory firms, Rossmore Private Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $433.91 million for 76 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Rossmore Private Capital doesn't advise any private funds.

Careers at Rossmore Private Capital, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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
Matthew David Maclean	Member	1 May 2017	25% - 50%	5515068
Brian Joseph Sheehan	Member and chief compliance officer	1 May 2017	25% - 50%	6423131
Alejandro Alfonso Gomez	Member	1 May 2017	25% - 50%	6789447

Based in Glastonbury

The principal office where Rossmore Private Capital, LLC performs its advisory services is located at 628 Hebron Avenue, Glastonbury, CT 06033, 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 860-200-6090. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at rossmore.com.