Flat Footed LLC (Wilson)

Flat Footed LLC is a large advisory firm based in Wilson. It manages $165.28 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Washington.

Flat Footed 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.

Flat Footed: assets under management

The assets under management (AUM) of Flat Footed LLC is $165.28 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $165.28 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $55.09 million each.

Flat Footed has custody of $165.18 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Flat Footed 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 Flat Footed serves?

The only and largest group of clients of Flat Footed is pooled investment vehicles with 3 clients and $165.28 million of assets under management. Among the 11 most similar advisory firms, Flat Footed has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $165.28 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Flat Footed also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Flat Footed LLC

The company employs 3 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
Marc P. Andersen 2016 Irrevocable Trust	Member	1 Jun 2016	75% - 100%	81-6441986
Marc Patrick Andersen	Managing member, co-ceo,cco	1 Jul 2016	Other	6024088
Paul Justin Carpenter	Co-ceo, co-portfolio manager	1 Jul 2016	Other	5047964

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Marc Patrick Andersen	Trustee	1 Jun 2016	Other	6024088

Based in Wilson

The principal office where Flat Footed LLC performs its advisory services is located at 3415 North Pines Way,, Wilson, WY 83014, which is also the mailing address of the firm. An additional office of the firm is in Seattle, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 917-757-4305. The normal business hours are 9am to 4pm on Monday - Friday.