Aptitude Investment Management LP (Seattle)


Aptitude Investment Management LP is a large advisory firm based in Seattle. It manages $1.39 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Washington.

Aptitude Investment Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and per mandate (e.g. administrative services, transition support services, etc.). It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Aptitude Investment Management: assets under management

The assets under management (AUM) of Aptitude Investment Management LP is $1.39 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -73% since the beginning of its operation, and $1.05 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.39 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.64 million each.
Aptitude Investment Management has custody of $173.8 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in other assets form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aptitude Investment Management LP for their services and products based on a percentage of assets under management 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.

What kind of clients Aptitude Investment Management serves?

The firm provides services to pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Aptitude Investment Management is pension and profit sharing plans with 4 clients and $1.15 billion of assets under management. Among the 10 most similar advisory firms, Aptitude Investment Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.39 billion for 9 clients. 56% of the firm’s clients are foreign persons or businesses.

Aptitude Investment Management also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Aptitude Investment Management LP

The company employs 14 people that are either part- or full-time employees. 50 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Salim Abdul Hirji Shariff has served as the Chief Investment Officer since 1 Mar 2012. Gsam Holdings Llc joined the executive team most recently as the General Partner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Aptitude Investment Management Gp Llc General partner 1 May 2011 Other 45-4486638
Lg Federal Way Lp ("Lgamlp") Limited partner 1 May 2011 50% - 75% 26-1515517
Linda Ann Colwell General counsel and chief compliance officer 1 Mar 2012 Other 3092904
Salim Abdul Hirji Shariff Chief investment officer 1 Mar 2012 Other 4602799
Todd Gordon Keeney Chief financial officer and chief operating officer 1 Mar 2012 Other 4937755
Jeffrey Benjamin Klein Chief executive officer and deputy chief investment officer 1 Mar 2012 Other 4937227
Robberg Investment Llp ("Robberg") Limited partner 1 Jun 2012 Other foreign - none
Bukoba Ltd. Limited partner 1 Dec 2012 Other 46-1607095
Gsam Holdings Llc General partner 1 Dec 2018 75% - 100% 13-4019460
Goldman Sachs Hedge Fund Strategies Llc Limited partner 1 Dec 2018 75% - 100% 13-4019460
Ellen Randy Porges Chief legal officer 1 Dec 2018 Other 4881379
Judith Leah Shandling Chief compliance officer 1 Dec 2018 Other 5775386

Indirect Owners

The SEC currently registers 13 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. The Goldman Sachs Group Member 1 Apr 1997 75% - 100% 13-4019460
Lindsay Goldberg & Bessemer Ii Aiv Lp ("Lg Aiv") Limited partner / member 1 May 2011 50% - 75% 20-8866882
Lindsay Goldberg & Bessemer Iia Nnaiv Lp ("Lg Nnaiv") Limited partner / member 1 May 2011 25% - 50% 20-8867476
Lindsay Goldberg & Bessemer Gp Ii Llc General partner 1 May 2011 Other 20-5182337
Bessemer Lgb Inc ("Blgb") Limited partner 1 May 2011 50% - 75% 74-3121363
Bessemer Securities Llc Stockholder 1 May 2011 75% - 100% 13-3926991
Lg Federal Way Gp Llc General partner 1 Jan 2012 Other 45-4486886
Lg Federal Way Cooperatief U.A. ("Coop") Limited partner / member 1 Jan 2012 75% - 100% 98-1036900
Lg Asset Management Lp Member 1 Jan 2012 75% - 100% 90-0784758
Lg Asset Management Gp Llc General partner 1 Jan 2012 Other 45-4487480
Jeffrey Benjamin Klein Limited partner 1 Jun 2012 75% - 100% 4937227
Salim Abdul Hirji Shariff Limited partner 1 Dec 2012 75% - 100% 4602799
Gsam Holdings Llc Member 1 Feb 2016 75% - 100% 13-4019460

Based in Seattle

The principal office where Aptitude Investment Management LP performs its advisory services is located at Fourth And Madison, 925 Fourth Avenue, Seattle, WA 98104, 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 212-902-1000 or by fax 212-357-5281. The normal business hours are 8:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at aptitudeinvest.com.