Cedar Ridge Partners, LLC (Greenwich)

Name: Cedar Ridge Partners, LLC
Address: 45 E. Putnam Ave., Suite 124, Greenwich, CT, 06830
Telephone: 203-422-0080

Cedar Ridge Partners, LLC is a large advisory firm based in Greenwich. It manages $122.34 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Connecticut.

Cedar Ridge Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cedar Ridge Partners: assets under management

The assets under management (AUM) of Cedar Ridge Partners, LLC is $122.34 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 257% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $122.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.23 million each.

Cedar Ridge Partners has custody of $27 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 99% of the total AUM. The second-largest asset type is other assets, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cedar Ridge Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cedar Ridge Partners serves?

The firm provides services to investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Cedar Ridge Partners is investment companies with 1 clients and $73.55 million of assets under management. Among the 11 most similar advisory firms, Cedar Ridge Partners has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $107 million for 7 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.

Cedar Ridge Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Cedar Ridge Partners, LLC

The company employs 5 people that are either part- or full-time employees. 60 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 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
Alan Edward Hart	Managing member	1 Apr 2004	25% - 50%	1173531
Guy Jon Benstead	Managing member	1 Apr 2005	25% - 50%	1179261
Guy & Kelly Benstead Family Trust	Class a member	1 Apr 2005	Other	00-0000000
Jeffery Maclaren Hudson	Partner	1 Jan 2009	Other	2261152
David Stuart Falk	Partner	1 Jun 2012	Other	1944381
Bls Investments Llc	Class b member	1 Jun 2012	Other	20-2039982
Jeffrey Adam Rosenkranz	Partner	1 Aug 2013	Other	2826484
Eileen Brennan Spencer	Chief compliance officer	1 Jan 2014	Other	1274799
Llc Cedar Ridge Gp	Class a member	1 Jan 2017	Other	20-0873161

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robin Ballard Ziperski	Class b member	1 Jan 2004	Other	6405987
Alan Edward Hart	Class a member	1 Jan 2004	Other	1173531
Michael Ballard Hart Trust	Class b member	1 Jan 2004	Other	xxx-xx-xxxx
Stephanie Ann Hart Trust	Class b member	1 Jan 2004	Other	xxx-xx-xxxx
Bernard Leon Schwartz	Class b member	1 Jun 2012	Other	5795788

Based in Greenwich

The principal office where Cedar Ridge Partners, LLC performs its advisory services is located at 45 E. Putnam Ave., Suite 124, Greenwich, CT 06830, 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 203-422-0080 or by fax 203-422-0768. The normal business hours are 8am - 5pm est on Monday - Friday. You can find more information about the New York firm at cedarridgepartners.com.