Energy Trust LLC (New York)

Name: Energy Trust LLC
Address: 551 Fifth Avenue, 37 Th Floor, New York, NY, 10176
Telephone: 212-557-0868

Energy Trust LLC is a mid-sized advisory firm based in New York. It manages $27.22 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2001.

Energy Trust provides 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.

Energy Trust: assets under management

The assets under management (AUM) of Energy Trust LLC is $27.22 million. The firm's AUM has gone down by -96% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $27.08 million in discretionary accounts and $135.47 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.87 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $135.47 thousand.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Energy Trust 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 Patrick H. Swearingen serves?

The only and largest group of clients of Patrick H. Swearingen is pension and profit sharing plans with 7 clients and $25.05 million of assets under management. Among the 1 most similar advisory firms, Energy Trust has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $25.05 million for 7 clients. None of the firm’s clients are foreign persons or businesses.

Energy Trust doesn't advise any private funds.

Careers at Energy Trust LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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 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.

Patrick H. Swearingen has been acting as President since 1 Oct 2000. Eli Krupnik joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Victor Henry Romley	Managing director	1 Oct 2000	Other	4391111
Alan A. Hsia	Managing director	1 Oct 2000	25% - 50%	4391112
Patrick H. Swearingen	Director	1 Oct 2000	Other	4391113
Houston Firefighters' Relief And Retirement Fund	Member	1 Jan 2001	25% - 50%	76-0172506
Patrick H. Swearingen	Managing director	1 Jan 2004	Other	4391113
Eli Krupnik	Chief compliance officer	1 Aug 2004	Other	1472380

Based in New York

The principal office where Energy Trust LLC performs its advisory services is located at 551 Fifth Avenue, 37 Th Floor, New York, NY 10176, 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 212-557-0868 or by fax 212-557-0876. The normal business hours are 9:30 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at energytrustllc.com.