Palladiem LLC (Wayne)

Name: Palladiem LLC
Address: 900 West Valley Road, Wayne, PA, 19087
Telephone: 888-886-4122

Palladiem LLC is a large advisory firm based in Wayne. It manages $646.8 million of regulatory assets for 392 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Pennsylvania and Puerto Rico.

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

Palladiem: assets under management

The assets under management (AUM) of Palladiem LLC is $646.8 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $77.18 million in discretionary accounts and $569.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.6 million.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Palladiem LLC for their services and products based on a percentage of assets under management and fixed 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 Bruce Evans Terker serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Bruce Evans Terker is charitable organizations with 30 clients and $285.8 million of assets under management. Among the 9 most similar advisory firms, Palladiem has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $637.95 million for 395 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.

Palladiem doesn't advise any private funds.

Careers at Palladiem LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Bruce Evans Terker has been acting as President since 1 Oct 2011. Stacey Jean Gillespie joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald George Robinson	Ceo and co-cio	1 Aug 2011	Other	1275998
David Michael Feldman	President and co-cio	1 Aug 2011	Other	1854951
Stephanie F Mackara	Chief marketing officer	1 Aug 2011	Other	2758274
Joseph Julian Scavetti	Chief operating officer	1 Aug 2011	Other	2275422
David Reed Gibson	Chief compliance officer & cfo	1 Aug 2011	Other	4374220
Palladiem Partners L.P.	Member	1 Aug 2011	25% - 50%	158990
David Michael Feldman	President and co-cio	1 Oct 2011	Other	1854951
Joseph Julian Scavetti	Chief operating officer	1 Oct 2011	Other	2275422
David Reed Gibson	Chief financial officer	1 Oct 2011	Other	4374220
Llc Ac Palladiem	Member	1 Oct 2011	25% - 50%	45-3630116
Bruce Evans Terker	Director	1 Oct 2011	Other	4365459
Steven Jay Morgenthal	Director	1 Oct 2011	Other	6001747
Donald George Robinson	Ceo and co-cio	1 Oct 2011	Other	4524823
Stephanie F Mackara	Chief marketing officer	1 Oct 2011	Other	2758274
Richard Alan Kraemer	Chief compliance officer	1 Feb 2012	Other	6024392
Jason Michael Ewasko	Chief compliance officer	1 Jan 2014	Other	4622799
Stacey Jean Gillespie	Chief compliance officer	1 Jan 2016	Other	3137874

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Evans Terker	General partner	1 Jul 1989	75% - 100%	4365459
Inc. Trinity Capital Partners	General partner	1 Jul 2009	Other	23-2615147
Michael Thomas Kennedy	Limited partner	1 Jul 2009	50% - 75%	4360390
Palladiem Gp Llc	General partner	1 Aug 2011	Other	45-3061730
Palladiem Investment Holdings Llc	Limited partner	1 Aug 2011	75% - 100%	45-3061475
L.P. Trinity Capital Partners	Managing member	1 Aug 2011	75% - 100%	26-4327435
Odyssey Capital Group L.P.	Member	1 Oct 2011	25% - 50%	23-2600849

Based in Wayne

The principal office where Palladiem LLC performs its advisory services is located at 900 West Valley Road, Wayne, PA 19087, 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 888-886-4122. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at palladiem.com.