Earnest Partners LLC is a large advisory firm based in Atlanta. It manages $21.61 billion of regulatory assets for 4,457 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Earnest Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.
The assets under management (AUM) of Earnest Partners LLC is $21.61 billion. The firm's AUM has grown by 1549% since the beginning of its operation, and $751.32 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Earnest Partners 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.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Beckybich Ngoc Do is state or municipal government entities with 67 clients and $8 billion of assets under management. Among the 6 most similar advisory firms, Earnest Partners has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $20.67 billion for 4,452 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Earnest Partners also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 45 people that are either part- or full-time employees. 33 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 are 2 people 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.
Beckybich Ngoc Do has been acting as President since 1 Sep 1999. Carsten Joachim Fiege joined the executive team most recently as the General Counsel.
The principal office where Earnest Partners LLC performs its advisory services is located at 1180 Peachtree Street, Ne, Atlanta, GA 30309, 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 404-815-8772 or by fax 404-815-8948. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at earnestpartners.com.