Intellectus Partners, LLC (San Francisco)


Intellectus Partners, LLC is a large advisory firm based in San Francisco. It manages $661.77 million of regulatory assets for 588 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, New York, Texas, and Washington.

Intellectus Partners 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 prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Intellectus Partners: assets under management

The assets under management (AUM) of Intellectus Partners, LLC is $661.77 million. The firm's AUM has grown by 389% since the beginning of its operation, and $99.35 million of the total AUM is attributable to clients outside of the United States.

The firm manages $413.05 million in discretionary accounts and $248.73 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $746.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.11 million.
Intellectus Partners has custody of $85.07 million in cash and securities for 53 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 18% of the firm’s portfolio. Investments in pooled investment vehicles form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Intellectus Partners, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Intellectus Partners serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Intellectus Partners is high net worth individuals with 146 clients and $648.75 million of assets under management. Among the 12 most similar advisory firms, Intellectus Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $656.25 million for 151 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 16% of the firm’s clients are foreign persons or businesses.

Intellectus Partners also advises several private funds. Namely, four other private funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $10,000 to $25,000.

Careers at Intellectus Partners, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Joseph Laplaca Managing member 1 Jun 2015 50% - 75% 2419782
Thomas Edgar Casey Managing member 1 Jun 2015 25% - 50% 3045309
Tina Ching Chan Chief compliance officer 1 Jun 2015 Other 4507273

Based in San Francisco

The principal office where Intellectus Partners, LLC performs its advisory services is located at 1050 Battery Street, San Francisco, CA 94111, 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 415-795-7830. The normal business hours are 8:00am to 5:00pm on Monday - Friday.