Crescent Hill Partners LLC (Saratoga Springs)

Crescent Hill Partners LLC is a large advisory firm based in Saratoga Springs. It manages $211.17 million of regulatory assets for 503 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Florida, Georgia, and 12 other states.

Crescent Hill Partners provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Crescent Hill Partners: assets under management

The assets under management (AUM) of Crescent Hill Partners LLC is $211.17 million. The firm's AUM has grown by 76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $58.76 million in discretionary accounts and $152.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $632.43 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Crescent Hill Partners 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 Crescent Hill Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Crescent Hill Partners is high net worth individuals with 30 clients and $181.09 million of assets under management. Among the 8 most similar advisory firms, Crescent Hill Partners has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $211.17 million for 225 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.

Crescent Hill Partners doesn't advise any private funds.

Careers at Crescent Hill Partners 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. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Raymond Nmn Martin	Cco	1 Nov 2012	75% - 100%	1876256

Based in Saratoga Springs

The principal office where Crescent Hill Partners LLC performs its advisory services is located at 18 Division Street, Saratoga Springs, NY 12866, which is also the mailing address of the firm. An additional office of the firm is in Franklin, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-744-3705 or by fax 866-798-3522. The normal business hours are 8:30am - 5:00pm on Monday - Friday.