Jl Squared Group, LLC (Philadelphia)

Name: Jl Squared Group, LLC
Address: 2929 Walnut Street, Philadelphia, PA, 19104 2864
Telephone: 215-609-3443

Jl Squared Group, LLC is a large advisory firm based in Philadelphia. It manages $236.73 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Delaware and Pennsylvania.

Jl Squared Group provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Jl Squared Group: assets under management

The assets under management (AUM) of Jl Squared Group, LLC is $236.73 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $236.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $19.73 million each.

Jl Squared Group has custody of $219.47 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in state and local bonds form 28% of the total invested assets.

What kind of clients Jl Squared Group serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Jl Squared Group is pooled investment vehicles with 2 clients and $219.47 million of assets under management. Among the 9 most similar advisory firms, Jl Squared Group has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $236.73 million for 6 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.

Jl Squared Group also advises several private funds. Namely, two hedge funds.

Careers at Jl Squared Group, LLC

The company employs 2 people that are either part- or full-time employees. 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Mark Lubert	Co-managing member	1 Apr 2011	50% - 75%	5041012
Jason Beynon Meldrum	Chief compliance officer/chief financial officer	1 Apr 2011	Other	5076459
Jonathan Reed Liggett	Co-managing member	1 Apr 2011	50% - 75%	5919219

Based in Philadelphia

The principal office where Jl Squared Group, LLC performs its advisory services is located at 2929 Walnut Street, Philadelphia, PA 19104 2864, 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 215-609-3443 or by fax 215-609-3372. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at jlsquaredgroup.com.