Solamere Capital, LLC (Boston)

Name: Solamere Capital, LLC
Address: 137 Newbury Street, Boston, MA, 02116
Telephone: 857-362-9200

Solamere Capital, LLC is a large advisory firm based in Boston. It manages $2.23 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Massachusetts and New York.

Solamere Capital provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Solamere Capital: assets under management

The assets under management (AUM) of Solamere Capital, LLC is $2.23 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 858% since the beginning of its operation, and $16.93 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.23 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $139.08 million each.

Solamere Capital has custody of $73.73 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Solamere Capital, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Solamere Capital serves?

The only and largest group of clients of Solamere Capital is pooled investment vehicles with 16 clients and $2.23 billion of assets under management. Among the 8 most similar advisory firms, Solamere Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.23 billion for 16 clients. 1% of the firm’s clients are foreign persons or businesses.

Solamere Capital also advises several private funds. Namely, sixteen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Solamere Capital, LLC

The company employs 7 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
Taggart Mitt Romney	Managing partner	1 Feb 2008	25% - 50%	5680183
Eric Franz Scheuermann	Managing partner	1 Feb 2008	25% - 50%	5680194
Spencer Johnson Zwick	Managing partner	1 Feb 2008	25% - 50%	5680287
Allan A Dowds	Chief compliance officer and chief financial officer	1 Oct 2008	Other	5904175
Llc Black Horse Holdings	Managing member	1 Jan 2013	25% - 50%	27-4329202
James Killian	Chief compliance officer and chief financial officer	1 Aug 2015	Other	5132467
James Michael Killian	Chief compliance officer and chief financial officer	1 Aug 2015	Other	5132467

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Eric Franz Scheuermann	Managing member	1 Jan 2013	75% - 100%	5680194

Based in Boston

The principal office where Solamere Capital, LLC performs its advisory services is located at 137 Newbury Street, Boston, MA 02116, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 857-362-9200 or by fax 781-915-0746. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at solameregroup.com.