Pax Ellevate Management LLC (Portsmouth)

Name: Pax Ellevate Management LLC
Address: 30 Penhallow Street, Portsmouth, NH, 03801
Telephone: 603-431-8022

Pax Ellevate Management LLC is a large advisory firm based in Portsmouth. It manages $247.78 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New Hampshire.

Pax Ellevate Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pax Ellevate Management: assets under management

The assets under management (AUM) of Pax Ellevate Management LLC is $247.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 261% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $247.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $123.89 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pax Ellevate Management LLC for their services and products based on a percentage of assets under management. 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 Pax Ellevate Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Pax Ellevate Management is investment companies with 1 clients and $236.63 million of assets under management. Among the 9 most similar advisory firms, Pax Ellevate Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $247.78 million for 2 clients. 50% of the firm’s clients are foreign persons or businesses.

Pax Ellevate Management doesn't advise any private funds.

Careers at Pax Ellevate Management LLC

The company employs 30 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 4 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 compensates 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
Joseph Francis Keefe	Chief executive officer, president, elected manager	1 Jan 2014	Other	2911389
John Aquinas Boese	Chief compliance officer	1 Jan 2014	Other	2695568
Alicia K Dubois	Chief financial officer	1 Jan 2014	Other	4569957
Impax Asset Management Llc	Owner	1 Jan 2014	50% - 75%	27-1374824
Pax World Management Llc	Owner	1 Jan 2014	50% - 75%	27-1374824
Sallie Lee Krawcheck	Chairperson	1 Apr 2014	Other	2269652
Ellevate Asset Management Llc	Direct owner	1 Apr 2014	25% - 50%	46-5427962

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Laurence Arthur Shadek	Chairman of the board and elected manager	1 Sep 1996	Other	419483
James Mcclenahan Shadek	Elected manager	1 Sep 1996	Other	702481
Katherine Shadek Boyle	Elected manager	1 Sep 1996	Other	1344907
Joseph Francis Keefe	Chief executive officer, president and elected manager	1 May 2005	Other	2911389
Christopher Hadley Brown	Chief investment officer and elected manager	1 Jan 2008	Other	1717838
Shadek Family Trust	Owner	1 Dec 2009	25% - 50%	26-6451835
Pwm Corp.	Owner	1 Mar 2013	75% - 100%	02-0280580
Krawcheck Holdings Llc	Owner/managing member	1 Apr 2014	75% - 100%	46-2974304
Joseph Francis Keefe	President and elected manager	1 Jan 2018	Other	2911389
Ian Simm	Elected manager	1 Jan 2018	Other	5298088
Charles David Ridge	Elected manager	1 Jan 2018	Other	5740376

Based in Portsmouth

The principal office where Pax Ellevate Management LLC performs its advisory services is located at 30 Penhallow Street, Portsmouth, NH 03801, 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 603-431-8022 or by fax 603-431-9175. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at paxellevate.com.