Fourth Street Performance Partners, Inc. (Covington)

Name: Fourth Street Performance Partners, Inc.
Address: 211 Garrard Street, Covington, KY, 41011
Telephone: 859-491-5556

Fourth Street Performance Partners, Inc. is a pension cosultant based in Covington. It manages $4.3 billion of regulatory assets for 113 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Georgia, Illinois, and 11 other states.

Fourth Street Performance Partners provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fourth Street Performance Partners: assets under management

The assets under management (AUM) of Fourth Street Performance Partners, Inc. is $4.3 billion. The firm's AUM has gone down by -36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $96.98 million in discretionary accounts and $4.21 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.08 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $41.65 million.

Investments

The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in pooled investment vehicles form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fourth Street Performance Partners, Inc. for their services and products based on a percentage of assets under management 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 Fourth Street Performance Partners serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Fourth Street Performance Partners is charitable organizations with 51 clients and $3.71 billion of assets under management. Among the 10 most similar advisory firms, Fourth Street Performance Partners has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $4.3 billion for 112 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Fourth Street Performance Partners doesn't advise any private funds.

Careers at Fourth Street Performance Partners, Inc.

The company employs 14 people that are either part- or full-time employees. 79 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 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
Kenneth Peter Dorger	Co president/chief compliance officer	1 Jul 2006	50% - 75%	1015535
Thomas Neil Heppler	Co president	1 Jul 2006	50% - 75%	2522517
Mary Kay A Laird Mrs.	Chief operating officer	1 Dec 2014	Other	xxx-xx-xxxx
David Franklin King	Vice president, consultant	1 Jan 2017	Other	6761726
Andrew Dunlap	Vice president, consultant	1 Jan 2017	Other	6847523

Based in Covington

The principal office where Fourth Street Performance Partners, Inc. performs its advisory services is located at 211 Garrard Street, Covington, KY 41011, 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 859-491-5556 or by fax 859-491-5586. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at fourthst.com/.