Essential Investment Partners, LLC (Denver)

Name: Essential Investment Partners, LLC
Address: 4600 S. Syracuse St., Denver, CO, 80237
Telephone: 303-333-8498

Essential Investment Partners, LLC is a large advisory firm based in Denver. It manages $130.65 million of regulatory assets for 216 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Colorado and Texas.

Essential Investment Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Essential Investment Partners: assets under management

The assets under management (AUM) of Essential Investment Partners, LLC is $130.65 million. The firm's AUM has grown by 80% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $124.27 million in discretionary accounts and $6.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $578 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.38 million.

Essential Investment Partners has custody of $22.69 million in cash and securities for 27 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Essential Investment Partners, 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.

What kind of clients Essential Investment Partners serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, and corporations or other businesses. The largest group of clients of Essential Investment Partners is high net worth individuals with 46 clients and $108.83 million of assets under management. Among the 11 most similar advisory firms, Essential Investment Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $130.65 million for 78 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.

Essential Investment Partners doesn't advise any private funds.

Careers at Essential Investment Partners, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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
Inc. Essential Advisers	Member	1 Feb 2009	75% - 100%	84-1540400
Marce Lynn Webster	Chief compliance officer & secretary	1 Feb 2009	Other	5510634
Jonathan Frederick Zeschin	Partner, chief executive officer	1 Feb 2009	Other	1440991
Donovan Jerald Paul	Member, partner, chief investment officer	1 Feb 2009	50% - 75%	1066240

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Frederick Zeschin	President & treasurer	1 Oct 2002	75% - 100%	1440991

Based in Denver

The principal office where Essential Investment Partners, LLC performs its advisory services is located at 4600 S. Syracuse St., Denver, CO 80237, 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 303-333-8498 or by fax 303-333-1588. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at essentialinvestment.com.