Essex Ridge Capital Group, LLC (St. Louis)

Essex Ridge Capital Group, LLC is a large advisory firm based in St. Louis. It manages $106.18 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2007.

Essex Ridge Capital Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Essex Ridge Capital Group: assets under management

The assets under management (AUM) of Essex Ridge Capital Group, LLC is $106.18 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 117% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $106.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.25 million each.

Essex Ridge Capital Group has custody of $57.06 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is state and local bonds, which make up 35% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Essex Ridge Capital Group, 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 Essex Ridge Capital Group serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Essex Ridge Capital Group is pooled investment vehicles with 5 clients and $57.06 million of assets under management. Among the 11 most similar advisory firms, Essex Ridge Capital Group has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $106.18 million for 14 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.

Essex Ridge Capital Group also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Essex Ridge Capital Group, LLC

The company employs 2 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Christen Goltermann	Chief compliance officer, member	1 Nov 2007	Other	4356028
David Twiggs Mcginnis	Managing director	1 Nov 2007	Other	4445050
David Twiggs Printup	Managing director	1 Nov 2007	75% - 100%	4445050
The David T. Printup Exempt Trust Dtd 9/17/09	Member	1 Oct 2009	75% - 100%	xxx-xx-xxxx
William Patrick Mcginnis Trustee The David T. Printup Exempt Trust Dtd 9/17/09	Member	1 Oct 2009	75% - 100%	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
William Patrick Mcginnis	Trustee	1 Oct 2009	75% - 100%	xxx-xx-xxxx

Based in St. Louis

The principal office where Essex Ridge Capital Group, LLC performs its advisory services is located at 1401 S. Brentwood Blvd., St. Louis, MO 63144, 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 314-961-9405 or by fax 314-965-9406. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.