Ironwood Capital Advisors Iii LLC (Avon)

Name: Ironwood Capital Advisors Iii LLC
Address: 45 Nod Road, Avon, CT, 06001
Telephone: 860-409-2100

Ironwood Capital Advisors Iii LLC is a large advisory firm based in Avon. It manages $729.71 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Connecticut.

Ironwood Capital Advisors Iii provides 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.

Ironwood Capital Advisors Iii: assets under management

The assets under management (AUM) of Ironwood Capital Advisors Iii LLC is $729.71 million. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $669.19 million in discretionary accounts and $60.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $83.65 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.1 million.

Ironwood Capital Advisors Iii has custody of $17.8 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ironwood Capital Advisors Iii 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 Marc Andrew Reich serves?

The only and largest group of clients of Marc Andrew Reich is pooled investment vehicles with 13 clients and $729.71 million of assets under management. Among the 9 most similar advisory firms, Ironwood Capital Advisors Iii has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $729.71 million for 13 clients. None of the firm’s clients are foreign persons or businesses.

Ironwood Capital Advisors Iii also advises several private funds. Namely, ten private equity funds. The minimum investment commitment required of non-related persons is $1 for each fund.

Careers at Ironwood Capital Advisors Iii LLC

The company employs 19 people that are either part- or full-time employees. 100 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.

Marc Andrew Reich has been acting as President since 1 Jun 2011. Carolyn Cusworth Galiette has served as the Chief Investment Officer since 1 Jun 2011. Dickson Suit joined the executive team most recently as the Member/Membership Interests.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ironwood Capital Holdings Llc	Owner	1 Jun 2011	75% - 100%	80-0517251
Carolyn Cusworth Galiette	Chief investment officer	1 Jun 2011	Other	1270887
Marc Andrew Reich	President	1 Jun 2011	Other	1313901
Ellen Driscoll Stotler	Chief compliance officer and vp, investment operations	1 Jun 2011	Other	2615188
Dickson Suit	Managing director	1 Jun 2011	Other	3150025
James Raymond Barra	Managing director	1 Jun 2011	Other	2971659
Zachary Robert Luce	Chief financial officer	1 Feb 2015	Other	6935825
Carolyn Cusworth Galiette	President and chief investment officer	1 Aug 2015	Other	1270887
Marc Andrew Reich	Chairman and chief executive officer	1 Aug 2015	Other	1313901

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jr. Roger James Roche	Member/membership interests	1 Jun 2011	25% - 50%	6037904
Dickson Suit	Member/membership interests	1 Feb 2015	Other	3150025
James Raymond Barra	Member/membership interests	1 Feb 2015	Other	2971659

Based in Avon

The principal office where Ironwood Capital Advisors Iii LLC performs its advisory services is located at 45 Nod Road, Avon, CT 06001, 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 860-409-2100 or by fax 860-409-2120. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at ironwoodcap.com and its LinkedIn profile.