Siharum Advisors, LLC (Boston)


Siharum Advisors, LLC is a large advisory firm based in Boston. It manages $474.76 million of regulatory assets for 389 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Delaware, Kentucky, and 5 other states.

Siharum Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

Siharum Advisors: assets under management

The assets under management (AUM) of Siharum Advisors, LLC is $474.76 million. The firm's AUM has grown by 338% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $288.52 million in discretionary accounts and $186.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $936.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.3 million.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Siharum Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Siharum Advisors serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Siharum Advisors is high net worth individuals with 70 clients and $366.7 million of assets under management. Among the 4 most similar advisory firms, Siharum Advisors has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $456.96 million for 105 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.

Siharum Advisors doesn't advise any private funds.

Careers at Siharum Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 3 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
Balamurugan Cumaresan Board member, president, chief executive officer, chief compliance officer 1 Aug 2008 50% - 75% 4034599
Nainoor Chandres Thakore Non-executive member 1 Aug 2008 Other 4509844
Cumaresan Balamurugan Managing member/chief compliance officer 1 Aug 2008 75% - 100% 4034599
Edward Robert Goldfarb Non-executive member 1 Dec 2008 Other 1597760
Amanda Scipione Director of client service 1 Feb 2010 Other 5766801
Vasanti Patel Thakore Board member 1 Jan 2014 Other 6311811
Vaithehi Muttulingam Board member, treasurer, secretary 1 Jan 2014 Other 4947816
Paul Robert Matherwiez Board member 1 Jan 2014 Other 2779575

Based in Boston

The principal office where Siharum Advisors, LLC performs its advisory services is located at 20 Park Plaza, Boston, MA 02116, 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 (617) 428-7500 or by fax (617) 977-8900. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at siharum.com.