Relative Value Partners Group, LLC (Northbrook)

Name: Relative Value Partners Group, LLC
Address: 1033 Skokie Boulevard, Northbrook, IL, 60062
Telephone: 847-513-6300

Relative Value Partners Group, LLC is a large advisory firm based in Northbrook. It manages $1.01 billion of regulatory assets for 758 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.

Relative Value Partners Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Relative Value Partners Group: assets under management

The assets under management (AUM) of Relative Value Partners Group, LLC is $1.01 billion. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.01 billion in discretionary accounts and $3.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.39 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $115.55 thousand.

Relative Value Partners Group has custody of $163.57 million in cash and securities for 40 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Relative Value Partners Group, 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 Relative Value Partners Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Relative Value Partners Group is high net worth individuals with 230 clients and $958.12 million of assets under management. Among the 5 most similar advisory firms, Relative Value Partners Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $965.33 million for 243 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.

Relative Value Partners Group doesn't advise any private funds.

Careers at Relative Value Partners Group, LLC

The company employs 13 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 9 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
Llc Focus Operating	Member (manager)	1 Jul 2015	75% - 100%	20-8161914
Robert Hertzler Huffman	Managing member	1 Jul 2015	Other	1132934
Maury L Fertig	Managing member	1 Jul 2015	Other	1406667
Catherine Cannon Goel	Chief compliance officer	1 Jul 2015	Other	4677138
Maury Leonard Fertig	Managing member	1 Jul 2015	Other	1406667

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
Llc Focus Financial Partners	Member	1 Jul 2015	75% - 100%	16-1728260
L.P. Trident Iv Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Northbrook

The principal office where Relative Value Partners Group, LLC performs its advisory services is located at 1033 Skokie Boulevard, Northbrook, IL 60062, 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 847-513-6300 or by fax 847-513-6306. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at relativevaluepartners.com.