Performance Equity Management, LLC (Greenwich)

Name: Performance Equity Management, LLC
Address: 5 Greenwich Office Park, Greenwich, CT, 06831
Telephone: (203) 742-2400

Performance Equity Management, LLC is a large advisory firm based in Greenwich. It manages $10.67 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Connecticut.

Performance Equity Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Performance Equity Management: assets under management

The assets under management (AUM) of Performance Equity Management, LLC is $10.67 billion. The firm's AUM has grown by 2851% since the beginning of its operation, and $688.21 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.77 billion in discretionary accounts and $5.9 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $251.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.97 billion.

Performance Equity Management has custody of $4.77 billion in cash and securities for 19 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 94% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 6% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Performance Equity 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 Performance Equity Management serves?

The only and largest group of clients of Performance Equity Management is pooled investment vehicles with 18 clients and $4.77 billion of assets under management. Among the 11 most similar advisory firms, Performance Equity Management has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.77 billion for 18 clients. None of the firm’s clients are foreign persons or businesses.

Performance Equity Management also advises several private funds. Namely, nineteen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $50,000,000.

Careers at Performance Equity Management, LLC

The company employs 30 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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
General Motors Investment Management Corporation	Member	1 Jun 2005	25% - 50%	106939
Charles Gregory Froland	Ceo, cio & sr. managing director	1 Jun 2005	Other	1163982
Llc Performance Equity Associates	Member	1 Jun 2005	50% - 75%	71-0982603
Scott Graydon Koeber	Chief compliance officer / chief financial officer	1 Jun 2005	Other	4986716
Jeffrey Wynn Barman	Managing director	1 Jun 2005	Other	4986723
John Spencer Clark	Managing director	1 Jun 2005	Other	4986729
Marcia M Haydel	Managing director	1 Jun 2005	Other	3135292
Jeffrey Allen Reals	Managing director	1 Jun 2005	Other	4986741
S Lawrence Rusoff	Managing director	1 Jun 2005	Other	2004905
Jon William Deklerk	Chief operating officer	1 Jun 2005	Other	4475123
Inc. Promark Investment Advisors	Member	1 Jun 2005	25% - 50%	106939
Frank Anthony Brenninkmeyer	Managing director	1 Oct 2010	Other	5865644
James Stanley Tybur	Managing director	1 Jul 2015	Other	6690808
Jeffrey Wynn Barman	Chief investment officer & managing director	1 Oct 2015	Other	4986723
John Spencer Clark	President & managing director	1 Oct 2015	Other	4986729
Charles Gregory Froland	Senior advisor	1 Jul 2016	Other	1163982

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
General Motors Corporation	Shareholder	1 Nov 2000	75% - 100%	38-0572515
General Motors Company	Shareholder	1 Nov 2000	75% - 100%	27-0383222
General Motors Asset Management Corporation	Shareholder	1 Jan 2001	75% - 100%	13-4140933
Inc. Promark Global Advisors	Shareholder	1 Jan 2001	75% - 100%	13-4140933
General Motors Company	Shareholder	1 Jul 2009	75% - 100%	27-0756180
United States Treasury	Shareholder	1 Jul 2009	50% - 75%	n/a
Jeffrey Wynn Barman	Elected manager	1 Jul 2016	Other	4986723
John Spencer Clark	Elected manager	1 Jul 2016	Other	4986729

Based in Greenwich

The principal office where Performance Equity Management, LLC performs its advisory services is located at 5 Greenwich Office Park, Greenwich, CT 06831, 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 (203) 742-2400 or by fax (203) 742-2343. 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 peqm.com.