Crewe Advisors LLC (Salt Lake City)

Name: Crewe Advisors LLC
Address: 136 E. South Temple, Salt Lake City, UT, 84111
Telephone: 385-355-2700

Crewe Advisors LLC is a large advisory firm based in Salt Lake City. It manages $696.82 million of regulatory assets for 985 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Louisiana, Maine, and 4 other states.

Crewe Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Crewe Advisors: assets under management

The assets under management (AUM) of Crewe Advisors LLC is $696.82 million. The firm's AUM has grown by 33% since the beginning of its operation, and $5.71 million of the total AUM is attributable to clients outside of the United States.

The firm manages $647.75 million in discretionary accounts and $49.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $836.88 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $232.57 thousand.

Crewe Advisors has custody of $304.05 million in cash and securities for 122 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% 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 Crewe Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 Crewe Advisors serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Crewe Advisors is high net worth individuals with 143 clients and $406.84 million of assets under management. Among the 9 most similar advisory firms, Crewe Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $696.82 million for 237 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.

Crewe Advisors doesn't advise any private funds.

Careers at Crewe Advisors LLC

The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 7 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 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
Llc Hh2007	Business entity	1 Jun 2007	50% - 75%	26-1856457
Llc Crewe Holdings	Holding company	1 Jun 2014	Other	47-1217404
Llc T2	Business entity	1 Dec 2014	Other	47-2725914
Ryan Paul Halliday	Managing partner	1 Jan 2015	Other	4033864
Daniel David Sudit	Partner	1 May 2015	Other	4178576
Llc Tidus	Business entity	1 Sep 2015	Other	47-4251276
Hayley Nicole Nelson	Chief compliance officer	1 Jan 2018	Other	2548469

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Patrick Bennett	Member	1 Jun 2014	75% - 100%	5408084
Ryan Paul Halliday	Member	1 Nov 2014	50% - 75%	4033864
Emelie Camille Halliday	Member	1 Nov 2014	50% - 75%	6422841
Dustin Chad Thackeray	Member	1 Jan 2015	75% - 100%	4878110
Daniel David Sudit	Member	1 Jun 2015	50% - 75%	4178576
Veronica Isaac Sudit	Member	1 Jun 2015	50% - 75%	6563560

Based in Salt Lake City

The principal office where Crewe Advisors LLC performs its advisory services is located at 136 E. South Temple, Salt Lake City, UT 84111, 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 385-355-2700 or by fax (385) 355-2722. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at creweadvisors.com.