Clearpath Capital Partners LLC (San Francisco)

Name: Clearpath Capital Partners LLC
Address: 222 Front Street, 3 Rd Floor, San Francisco, CA, 94111
Telephone: (415) 682-6900

Clearpath Capital Partners LLC is a large advisory firm based in San Francisco. It manages $302.27 million of regulatory assets for 280 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Texas, Virginia, and Washington.

Clearpath Capital Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and financial consulting. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Clearpath Capital Partners: assets under management

The assets under management (AUM) of Clearpath Capital Partners LLC is $302.27 million. The firm's AUM has grown by 764% since the beginning of its operation, and $109.72 million of the total AUM is attributable to clients outside of the United States.

The firm manages $253.89 million in discretionary accounts and $48.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $919.9 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.09 million.

Clearpath Capital Partners has custody of $100.12 million in cash and securities for 50 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in pooled investment vehicles form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clearpath Capital Partners LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Clearpath Capital Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Clearpath Capital Partners is high net worth individuals with 74 clients and $296.82 million of assets under management. Among the 7 most similar advisory firms, Clearpath Capital Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $301.79 million for 87 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Clearpath Capital Partners also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Clearpath Capital Partners LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nathaniel Richard Lane	Managing member/director of client relations/chief compliance officer	1 Aug 1998	25% - 50%	1727948
Paul James Boyd	Managing member/managing director	1 Aug 1998	25% - 50%	1745529
Regan Grant Cherrington	Director of operations	1 Aug 1998	25% - 50%	2700939
Troy Steven Larson	Managing member/director of marketing	1 Jan 2002	25% - 50%	2977125
Brendan Diarmuid Connaughton	Cio	1 Dec 2013	Other	1602941

Based in San Francisco

The principal office where Clearpath Capital Partners LLC performs its advisory services is located at 222 Front Street, 3 Rd Floor, San Francisco, CA 94111, 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) 682-6900 or by fax (415) 682-6899. The normal business hours are 9:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at clearpathcapital.com and its LinkedIn profile.