Port Capital LLC (Chicago)


Port Capital LLC is a large advisory firm based in Chicago. It manages $1.01 billion of regulatory assets for 370 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, Illinois, and 4 other states.

Port Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Port Capital: assets under management

The assets under management (AUM) of Port Capital LLC is $1.01 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 299% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.01 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.73 million each.
Port Capital has custody of $432.11 million in cash and securities for 156 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in government bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Port Capital 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.

What kind of clients Bradley Carl Schatz serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bradley Carl Schatz is high net worth individuals with 331 clients and $468.94 million of assets under management. Among the 4 most similar advisory firms, Port Capital has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.01 billion for 362 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.

Port Capital also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.

Careers at Port Capital LLC

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Bradley Carl Schatz has been acting as President since 1 Aug 2015. Charles E Neal joined the executive team most recently as the Research Analyst.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Brien Michael Obrien Chairman & ceo 1 Mar 2015 75% - 100% 725220
Tracy Elizabeth Rothmeyer Cco & executive vice president 1 Mar 2015 Other 4445687
Bradley Carl Schatz President 1 Aug 2015 25% - 50% 3143267
Bradley Carl Schatz Senior managing director 1 Sep 2015 25% - 50% 3143267
Planting Field Trust Member 1 Jan 2016 Other xxx-xx-xxxx
Edward Straus Loeb Partner 1 Oct 2016 Other 1389692
Charles E Neal Research analyst 1 Apr 2017 Other 5804266

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Tracy Elizabeth Rothmeyer Trustee 1 Dec 2004 Other 4445687
Thomas J Duffey Trustee 1 Dec 2004 Other 4760513
Luke Hasten Obrien Beneficiary 1 Dec 2004 25% - 50% 6211443
Kathryn Alexandra O'brien Beneficiary 1 Dec 2004 25% - 50% 6826658
John Francis O'brien Beneficiary 1 Dec 2004 25% - 50% 6221659
Mary Hasten Beneficiary 1 Dec 2004 25% - 50% 4342950

Based in Chicago

The principal office where Port Capital LLC performs its advisory services is located at 180 North Stetson Avenue, Chicago, IL 60601, 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 312-788-2400 or by fax 224-990-2003. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.