Halite Partners, LLC (Columbus)

Name: Halite Partners, LLC
Address: 5025 Arlington Centre Blvd., Columbus, OH, 43220
Telephone: 614-924-0500

Halite Partners, LLC is a large advisory firm based in Columbus. It manages $110.56 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Illinois, Indiana, and 10 other states.

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

Halite Partners: assets under management

The assets under management (AUM) of Halite Partners, LLC is $110.56 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110.56 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $110.56 million each.

Investments

The firm invests in investment and business development companies the most. They account for 27% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in investment grade corporate bonds form 23% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Halite Partners, 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.

Careers at Halite Partners, LLC

The company employs 12 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 8 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 compensates 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
Philip Carl Shaffer	Managing member	1 Jun 2017	75% - 100%	716363
Phil C Shaffer	Founder	1 Jun 2017	75% - 100%	716363
Norman Gary Cook	Chief compliance officer	1 Jan 2018	Other	2470898

Based in Columbus

The principal office where Halite Partners, LLC performs its advisory services is located at 5025 Arlington Centre Blvd., Columbus, OH 43220, which is also the mailing address of the firm. An additional office of the firm is in Palm Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 614-924-0500. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at halitepartners.com.