Longboard Asset Management, LP (Phoenix)

Name: Longboard Asset Management, LP
Address: 2355 E Camelback Rd, Phoenix, AZ, 85016
Telephone: 800-290-8319

Longboard Asset Management, LP is an investment adviser to an investment company based in Phoenix. It manages $149.1 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Arizona.

Longboard Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, selection of other advisers, and portfolio management for hedge fund. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Longboard Asset Management: assets under management

The assets under management (AUM) of Longboard Asset Management, LP is $149.1 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -71% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $149.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $49.7 million each.

Longboard Asset Management has custody of $11.06 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Longboard Asset Management, LP 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 Longboard Asset Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Longboard Asset Management is investment companies with 2 clients and $138.04 million of assets under management. Among the 8 most similar advisory firms, Longboard Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $149.1 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Longboard Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Longboard Asset Management, LP

The company employs 18 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Cole Mcallister Wilcox	Chief executive officer, partner	1 Dec 2010	25% - 50%	2856470
Eric Ryan Crittenden	Chief investment officer, partner	1 Dec 2010	25% - 50%	4489481
Llc Valle Vista Holdings	Non-voting member	1 Nov 2011	Other	900773834
Curtis Reed Christensen	Chief compliance officer	1 Oct 2013	Other	2892862
Llc Longboard Asset Management Gp	General partner	1 Nov 2016	Other	36-4854776
Jerry Benjamin Pence	President and chief operating officer	1 Mar 2017	Other	6770648
Jerry Pence	President and chief operating officer	1 Mar 2017	Other	6770648
Sarah Elizabeth Baldwin	Chief operating officer	1 Jun 2019	Other	6997056

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Eric Ryan Crittenden	Member	1 Nov 2016	25% - 50%	4489481
Cole Mcallister Wilcox	Member	1 Nov 2016	50% - 75%	2856470

Based in Phoenix

The principal office where Longboard Asset Management, LP performs its advisory services is located at 2355 E Camelback Rd, Phoenix, AZ 85016, 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 800-290-8319 or by fax 602-441-3971. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at longboardfunds.com.