Cloverlay Investment Management, LLC (Conshohocken)

Name: Cloverlay Investment Management, LLC
Address: 101 West Elm Street, Suite 425, Conshohocken, PA, 19428
Telephone: 484-262-5020

Cloverlay Investment Management, LLC is a large advisory firm based in Conshohocken. It manages $364.26 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Pennsylvania.

Cloverlay Investment Management 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.

Cloverlay Investment Management: assets under management

The assets under management (AUM) of Cloverlay Investment Management, LLC is $364.26 million. The firm's AUM has grown by 81% since the beginning of its operation, and $31.53 million of the total AUM is attributable to clients outside of the United States.

The firm manages $356.02 million in discretionary accounts and $8.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $118.67 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.25 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cloverlay Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based 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 Cloverlay Investment Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Cloverlay Investment Management is pooled investment vehicles with 3 clients and $356.02 million of assets under management. Among the 8 most similar advisory firms, Cloverlay Investment Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $364.26 million for 4 clients. 8% of the firm’s clients are foreign persons or businesses.

Cloverlay Investment Management also advises several private funds. Namely, three private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Cloverlay Investment Management, LLC

The company employs 11 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’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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Cloverlay Partner Management Company	Parent holding company of cloverlay investment management, llc	1 Nov 2014	75% - 100%	47-2254880
Llc Cloverlay Partners Management Company	Parent holding company of cloverlay investment management, llc	1 Nov 2014	75% - 100%	47-2254880
Christopher Rodzewicz	Managing member of cloverlay partners management company, llc	1 Jun 2015	Other	5073951
Jeffrey Newland Collins	Managing member of cloverlay partners management company, llc	1 Jun 2015	Other	2820948
Jane Shahmanesh	Chief compliance officer	1 Jun 2015	Other	4264734
Cory Scott Pulfrey	Managing member of cloverlay partners management company, llc	1 Jun 2015	Other	4181124
Omar Hassan	Chief financial officer, chief compliance officer	1 Oct 2015	Other	4914351

Based in Conshohocken

The principal office where Cloverlay Investment Management, LLC performs its advisory services is located at 101 West Elm Street, Suite 425, Conshohocken, PA 19428, 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 484-262-5020. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at cloverlay.com.