Palladiem LLC (Wayne)


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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. 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.