Clearmark Partners, LLC (Hicksville)

Name: Clearmark Partners, LLC
Address: 25 Newbridge Road, Ste 202, Hicksville, NY, 11801
Telephone: 516-644-5007

Clearmark Partners, LLC is a large advisory firm based in Hicksville. It manages $431.48 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Delaware, New York, and Texas.

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

Clearmark Partners: assets under management

The assets under management (AUM) of Clearmark Partners, LLC is $431.48 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $431.48 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $107.87 million each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 63% of the total AUM. The second-largest asset type is state and local bonds, which make up 20% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clearmark 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 Clearmark Partners serves?

The firm provides services to insurance companies and pension and profit sharing plans. The largest group of clients of Clearmark Partners is insurance companies with 3 clients and $430.74 million of assets under management. Among the 8 most similar advisory firms, Clearmark Partners has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $431.48 million for 4 clients. None of the firm’s clients are foreign persons or businesses.

Clearmark Partners doesn't advise any private funds.

Careers at Clearmark Partners, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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.

Llc Hillcrest Capital Advisors joined the executive team most recently as the Beneficial Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Robert Koo	Chief executive officer	1 Jan 2009	Other	2332316
Llc Hillcrest Capital Advisors	Beneficial owner	1 Jan 2016	50% - 75%	55-0824934
Llc Koo Capital Advisors	Beneficial owner	1 Jan 2016	50% - 75%	46-2081646
George Robert Koo	Chief compliance officer	1 Jan 2017	Other	2332316

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
George Robert Koo	Managing member	1 Dec 2002	75% - 100%	2332316

Based in Hicksville

The principal office where Clearmark Partners, LLC performs its advisory services is located at 25 Newbridge Road, Ste 202, Hicksville, NY 11801, 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 516-644-5007. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at clearmarkpartners.com.