Red Spruce Capital, LLC (Berwyn)

Name: Red Spruce Capital, LLC
Address: 1055 Westlakes Drive, Berwyn, PA, 19312
Telephone: 610-727-4270

Red Spruce Capital, LLC is a large advisory firm based in Berwyn. It manages $104.04 million of regulatory assets for 249 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Delaware, Florida, and 7 other states.

Red Spruce Capital provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Red Spruce Capital: assets under management

The assets under management (AUM) of Red Spruce Capital, LLC is $104.04 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -7% since the beginning of its operation, and $159.72 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $104.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $417.84 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Red Spruce Capital, 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 Red Spruce Capital serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Red Spruce Capital is high net worth individuals with 42 clients and $87.53 million of assets under management. Among the 10 most similar advisory firms, Red Spruce Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $104.04 million for 112 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Red Spruce Capital doesn't advise any private funds.

Careers at Red Spruce Capital, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Amish Bhasker Desai	Member	1 Jun 2011	50% - 75%	5961705
Mark Joseph Vasquez	Member & chief compliance officer	1 Jun 2011	50% - 75%	5961702

Based in Berwyn

The principal office where Red Spruce Capital, LLC performs its advisory services is located at 1055 Westlakes Drive, Berwyn, PA 19312, 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 610-727-4270 or by fax 610-727-4001. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at redsprucecapital.com.