Versa Capital Management, LLC (Philadelphia)

Name: Versa Capital Management, LLC
Address: 2929 Arch Street, Philadelphia, PA, 19104 7324
Telephone: 215-609-3400

Versa Capital Management, LLC is a large advisory firm based in Philadelphia. It manages $926.13 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Pennsylvania.

Versa Capital Management provides 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.

Versa Capital Management: assets under management

The assets under management (AUM) of Versa Capital Management, LLC is $926.13 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $926.13 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $102.9 million each.

Versa Capital Management has custody of $926.13 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Versa Capital Management, LLC 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 Versa Capital Management serves?

The only and largest group of clients of Versa Capital Management is pooled investment vehicles with 9 clients and $926.13 million of assets under management. Among the 5 most similar advisory firms, Versa Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $926.13 million for 9 clients. None of the firm’s clients are foreign persons or businesses.

Versa Capital Management also advises several private funds. Namely, nine private equity funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Versa Capital Management, LLC

The company employs 17 people that are either part- or full-time employees. 82 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.

Paul Benjamin Halpern has served as the Chief Investment Officer since 1 Sep 2004. Kenneth Eck Kummerer joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregory Leo Segall	President, chairman and chief executive officer	1 Sep 2004	Other	6022892
Paul Benjamin Halpern	Chief investment officer	1 Sep 2004	Other	6022893
Raymond Charles French	Chief operating officer	1 Dec 2007	Other	6022894
Thomas Acquinas Kennedy	General counsel and chief compliance officer	1 Dec 2010	Other	6022896
Thomas Aquinas Kennedy	General counsel, chief compliance officer, secretary	1 Dec 2010	Other	6022896
Jonathan Knapp Sprole	Chief administrative officer and general counsel	1 Jul 2011	Other	6022895
L.P. Versa Capital Management	Owner, managing member, versa capital management, llc	1 Sep 2011	75% - 100%	20-1914412
Randall R. Schultz	Chief financial officer	1 Aug 2012	Other	6113206
Kenneth Eck Kummerer	Chief financial officer	1 Apr 2016	Other	6024924

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Versa Capital Group	General partner	1 Sep 2011	Other	45-2843703
L.P. Mantis Investments	Limited partner	1 Sep 2011	50% - 75%	45-2843566
Llc Mantis Management	Sole member, managing member	1 Sep 2011	75% - 100%	45-2843528
L.P. Mantis Group	Managing member	1 Sep 2011	75% - 100%	45-2843528
Inc. Mantis Group	Managing member	1 Sep 2011	Other	45-2843462
Gregory Leo Segall	Partner	1 Sep 2011	75% - 100%	6022892
Llc Versa Fund Management	Managing member	1 Sep 2011	75% - 100%	45-2843953
Llc Versa Gp Capital	General partner	1 Sep 2011	Other	45-2844040
L.P. Mantis Group (Pa)	Member/manager	1 Sep 2011	75% - 100%	45-2843528

Based in Philadelphia

The principal office where Versa Capital Management, LLC performs its advisory services is located at 2929 Arch Street, Philadelphia, PA 19104 7324, 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 215-609-3400 or by fax 215-609-3499. The normal business hours are 9:00am -5:00pm on Monday - Friday. You can find more information about the New York firm at versa.com.