Pax Ellevate Management LLC is a large advisory firm based in Portsmouth. It manages $247.78 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New Hampshire.
Pax Ellevate Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Pax Ellevate Management LLC is $247.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 261% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Pax Ellevate Management LLC for their services and products based on a percentage of assets under management. 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Pax Ellevate Management is investment companies with 1 clients and $236.63 million of assets under management. Among the 9 most similar advisory firms, Pax Ellevate Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $247.78 million for 2 clients. 50% of the firm’s clients are foreign persons or businesses.
Pax Ellevate Management doesn't advise any private funds.
The company employs 30 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 4 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.
The principal office where Pax Ellevate Management LLC performs its advisory services is located at 30 Penhallow Street, Portsmouth, NH 03801, 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 603-431-8022 or by fax 603-431-9175. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at paxellevate.com.