Missionpoint Partners LLC is a large advisory firm based in Westport. It manages $308.89 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Connecticut and Massachusetts.
Missionpoint Partners provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. 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 Missionpoint Partners LLC is $308.89 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 91% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Missionpoint Partners LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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 high net worth individuals and pooled investment vehicles. The largest group of clients of Missionpoint Partners is high net worth individuals with 4 clients and $215.94 million of assets under management. Among the 9 most similar advisory firms, Missionpoint Partners has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $308.89 million for 11 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.
Missionpoint Partners also advises several private funds. Namely, seven venture capital funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $300,000.
The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No 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.
The principal office where Missionpoint Partners LLC performs its advisory services is located at 1135 Post Road East, Westport, CT 06880, which is also the mailing address of the firm. An additional office of the firm is in West Newton, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 203-286-0400 or by fax 203-286-0588. The normal business hours are 9 am - 5pm on Monday - Friday. You can find more information about the New York firm at missionpointcapital.com.