Limestone Value Partners, LLC (Houston)

Limestone Value Partners, LLC is a large advisory firm based in Houston. It manages $112.94 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Texas.

Limestone Value 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.

Limestone Value Partners: assets under management

The assets under management (AUM) of Limestone Value Partners, LLC is $112.94 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 41% since the beginning of its operation, and $603 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $112.94 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.06 million each.

Limestone Value Partners has custody of $57.07 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Limestone Value 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.

What kind of clients Limestone Value Partners serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Limestone Value Partners is pooled investment vehicles with 1 clients and $57.07 million of assets under management. Among the 7 most similar advisory firms, Limestone Value Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $112.94 million for 16 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.

Limestone Value Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Limestone Value Partners, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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
Douglas Bradley Dunn	Managing member	1 Nov 2009	75% - 100%	2729956
Stacie Lea Dunn	Chief compliance officer and chief financial officer	1 Feb 2010	Other	5766806
Phillip Jude Ream	Managing director	1 Mar 2010	Other	2095367
Vincent Scott Soler	Managing member	1 Apr 2011	50% - 75%	2753609
Blake Robert Burr	Chief operating officer	1 Nov 2016	Other	6027083

Based in Houston

The principal office where Limestone Value Partners, LLC performs its advisory services is located at 1616 S Voss, Houston, TX 77057, 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 713.800.8001 or by fax 713.800.8011. The normal business hours are 8:30am-5:00pm on Monday - Friday.