Aperio Group, LLC (Sausalito)

Name: Aperio Group, LLC
Address: Three Harbor Drive, Sausalito, CA, 94965
Telephone: 415-339-4300

Aperio Group, LLC is a large advisory firm based in Sausalito. It manages $24.74 billion of regulatory assets for 5,022 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

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

Aperio Group: assets under management

The assets under management (AUM) of Aperio Group, LLC is $24.74 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 5563% since the beginning of its operation, and $29.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $24.74 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.93 million each.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aperio Group, LLC for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Paul Richard Greenwood serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Paul Richard Greenwood is high net worth individuals with 4,015 clients and $14.26 billion of assets under management. Among the 12 most similar advisory firms, Aperio Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $20.6 billion for 4,482 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.

Aperio Group also advises several private funds.

Careers at Aperio Group, LLC

The company employs 89 people that are either part- or full-time employees. 27 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.

Paul Richard Greenwood has been acting as President since 1 Jan 2016. Llc Aperio Holdings joined the executive team most recently as the Member Of Aperio Group, Llc.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Solli	Managing member, partner	1 Sep 1999	25% - 50%	1408980
Patrick Geddes	Managing member, managing partner, chief executive officer	1 Sep 1999	25% - 50%	3098131
Robert Newman	Partner, chief compliance officer	1 Jan 2001	25% - 50%	1037553
Guy Arthur Lampard	Managing member, partner	1 Mar 2005	Other	1326611
Robert Newman	Managing member, partner	1 Jan 2015	25% - 50%	1037553
Mark J. Nuti	Chief financial officer, chief compliance officer	1 Jan 2015	Other	2774438
Robert Newman	Managing member	1 Jan 2016	Other	1037553
Paul Richard Greenwood	Director	1 Jan 2016	Other	4982347
Timothy Jacob Carver	Director	1 Jan 2016	Other	2638120
Llc Northern Lights Midco	Member	1 Jan 2016	Other	47-1407415
Peter L Hand	Member	1 Jan 2016	Other	4513005
Elizabeth G Michaels	Member	1 Jan 2016	Other	5312968
Peter L Hand	Member	1 Feb 2016	Other	4513005
Elizabeth G Michaels	Member	1 Feb 2016	Other	5312968
Trent Andrew Erickson	Director	1 Mar 2016	Other	6315273
Richard Michael Daley	Director	1 Jun 2016	Other	3249288
Llc Northern Lights Midco Ii	Member	1 Dec 2016	Other	81-4616701
Lawrence Stewart Hing	Chief compliance officer	1 Jan 2017	Other	6236576
Angela Maren Osborne	Chief operating officer	1 Oct 2017	Other	4222939
Llc Aperio Holdings	Member of aperio group, llc	1 Oct 2018	75% - 100%	83-1993087

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Laird Norton Company	Member	1 Aug 2006	50% - 75%	91-2027437
L.P. Ggc Opportunity Fund Management	General partner of golden gate capital opportunity fund, l.p.	1 Jul 2007	Other	98-0546997
Laird Norton Company	Shareholder	1 Dec 2007	75% - 100%	91-2027437
Inc. White Pine	Member	1 Dec 2007	25% - 50%	26-1630532
Llc Lnc Investment Co.	Member	1 May 2010	25% - 50%	20-5433626
Pacific Current Group Limited	Unitholder	1 Nov 2014	50% - 75%	foreign
Aurora Investment Management Pty Limited	Trustee	1 Nov 2014	Other	foreign
Llc Northern Lights Capital Partners	Unitholder	1 Nov 2014	25% - 50%	20-5650492
Aurora Trust	Member	1 Nov 2014	75% - 100%	foreign
Aurora Trust	Member	1 Dec 2016	75% - 100%	foreign
Llc Northern Lights Midco	Unitholder	1 Dec 2016	75% - 100%	47-1407415
Lp Golden Gate Capital Opportunity Fund	Limited partner of ggc aperio holdings l.p.	1 Oct 2018	50% - 75%	98-0546998
Ggc Aperio Holdings L.P.	Member of aperio holdings, llc	1 Oct 2018	50% - 75%	83-2012903
L.P. Golden Gate Capital Opportunity Fund A	Limited partner of ggc aperio holdings l.p.	1 Oct 2018	25% - 50%	98-0546999

Based in Sausalito

The principal office where Aperio Group, LLC performs its advisory services is located at Three Harbor Drive, Sausalito, CA 94965, 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 415-339-4300 or by fax 415-339-4301. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at aperiogroup.com/.