Twin Focus Capital Partners, LLC (Boston)

Name: Twin Focus Capital Partners, LLC
Address: 75 Park Plaza, Boston, MA, 02116
Telephone: 617-720-4500

Twin Focus Capital Partners, LLC is a large advisory firm based in Boston. It manages $2.47 billion of regulatory assets for 85 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Florida, Maine, and 4 other states.

Twin Focus Capital Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Twin Focus Capital Partners: assets under management

The assets under management (AUM) of Twin Focus Capital Partners, LLC is $2.47 billion. The firm's AUM has grown by 3157% since the beginning of its operation, and $223.85 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.29 billion in discretionary accounts and $180.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $27.94 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $60.06 million.

Twin Focus Capital Partners has custody of $357.21 million in cash and securities for 37 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 41% of the total AUM. The second-largest asset type is investment and business development companies, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Twin Focus Capital Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, 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 Twin Focus Capital Partners serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Twin Focus Capital Partners is high net worth individuals with 47 clients and $2.24 billion of assets under management. Among the 10 most similar advisory firms, Twin Focus Capital Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.3 billion for 81 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Twin Focus Capital Partners doesn't advise any private funds.

Careers at Twin Focus Capital Partners, LLC

The company employs 30 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 17 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
Daniel Adam Bernstein	Managing member / chief compliance officer	1 Apr 2006	75% - 100%	2531346
Paul Karger	Managing member / chief compliance officer	1 Jun 2006	50% - 75%	4050267
Wesley Karger	Managing member	1 Jun 2006	50% - 75%	4708437
Paul (Nmn) Karger	Managing member / chief compliance officer	1 Jun 2006	75% - 100%	4050267
Wesley (Nmn) Karger	Managing member	1 Jun 2006	75% - 100%	4708437
John Pantekidis	Chief legal officer	1 Sep 2014	Other	4733045
Robert Michael Petry	Cco	1 Mar 2015	Other	6407660
Kenneth William Cooperman	Chief compliance officer	1 May 2019	Other	1443557

Based in Boston

The principal office where Twin Focus Capital Partners, LLC performs its advisory services is located at 75 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 617-720-4500 or by fax 617-275-8649. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at twinfocuscapital.com.