Pier 88 Investment Partners, LLC (San Francisco)

Name: Pier 88 Investment Partners, LLC
Address: 230 California Street, Suite 410, San Francisco, CA, 94111
Telephone: 415-814-8840

Pier 88 Investment Partners, LLC is a large advisory firm based in San Francisco. It manages $275.63 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Illinois, and Utah.

Pier 88 Investment Partners provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pier 88 Investment Partners: assets under management

The assets under management (AUM) of Pier 88 Investment Partners, LLC is $275.63 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 682% since the beginning of its operation, and $4.02 million of the total AUM is attributable to clients outside of the United States.

The firm manages $275.63 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $34.45 million each.

Pier 88 Investment Partners has custody of $49.84 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pier 88 Investment 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 Pier 88 Investment Partners serves?

The firm provides services to insurance companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Pier 88 Investment Partners is insurance companies with 1 clients and $211.6 million of assets under management. Among the 11 most similar advisory firms, Pier 88 Investment Partners has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $275.63 million for 8 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.

Pier 88 Investment Partners also advises several private funds. Namely, one hedge fund and two other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Pier 88 Investment Partners, LLC

The company employs 4 people that are either part- or full-time employees. 75 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Francis Thomas Timons	Chief executive officer and chief investment officer	1 Aug 2013	25% - 50%	4846539
Leanne Marie Schweitzer	Portfolio manager	1 Aug 2013	Other	5020177
Leanne Schweitzer	Portfolio manager	1 Aug 2013	Other	5020177
Llc Meritage Venture Partners Of Tennessee	Member	1 Sep 2013	Other	46-2689875
Llc Rinconada Partners	Member	1 Sep 2013	Other	46-3699728
Jaclyn Danielle Fertitta	Chief compliance officer and chief operations officer	1 Jan 2014	Other	5251172
Llc Slipstream Ventures	Member	1 Jan 2015	Other	26-0590249
An Interinsurance Exchange The Doctors Company	Member	1 Jan 2016	25% - 50%	95-3014772
Llc Sandusky Investments	Member	1 Jan 2016	Other	26-2303000
Ltd. Nlr Ventures	Member	1 Jan 2016	Other	37-1702196
Gwendylin Dillman	Assistant portfolio manager	1 Mar 2018	Other	4435744

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Bradley Walrod	Managing member	1 Sep 2013	25% - 50%	6047357
George Douglas Edwards	Member	1 Sep 2013	50% - 75%	823661
William Reid Sanders	Member	1 Sep 2013	50% - 75%	2317819
Rick Charles White	Member	1 Jan 2015	75% - 100%	xxx-xx-xxxx
Rick White	Member	1 Jan 2015	50% - 75%	xxx-xx-xxxx
David Gerard Preimesberger	Officer	1 Jan 2016	Other	6606545

Based in San Francisco

The principal office where Pier 88 Investment Partners, LLC performs its advisory services is located at 230 California Street, Suite 410, 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 415-814-8840 or by fax 415-780-4659. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at pier88.com/.