Greenline Partners, LLC (New York)

Name: Greenline Partners, LLC
Address: 521 Fifth Avenue, New York, NY, 10175
Telephone: 212-292-4294

Greenline Partners, LLC is a large advisory firm based in New York. It manages $471 million of regulatory assets for 29 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Greenline Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and asset allocation advisory. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Greenline Partners: assets under management

The assets under management (AUM) of Greenline Partners, LLC is $471 million. The firm's AUM has grown by 963% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $457 million in discretionary accounts and $14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $16.32 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $14 million.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is government bonds, which make up 24% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greenline Partners, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Greenline Partners serves?

The only and largest group of clients of Greenline Partners is high net worth individuals with 24 clients and $177 million of assets under management. Among the 12 most similar advisory firms, Greenline Partners has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $177 million for 24 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.

Greenline Partners doesn't advise any private funds.

Careers at Greenline Partners, LLC

The company employs 5 people that are either part- or full-time employees. 40 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 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
Peter Dierks Joers	Cco, member	1 Apr 2012	25% - 50%	2169200
Maneesh Shanbhag	Member	1 Apr 2012	25% - 50%	6082879
Andrew Alexander Medvedev	Member	1 Apr 2012	25% - 50%	4367484
Lucuk Alexander Ivan	Chief compliance officer	1 Feb 2018	Other	6919252

Based in New York

The principal office where Greenline Partners, LLC performs its advisory services is located at 521 Fifth Avenue, New York, NY 10175, 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 212-292-4294 or by fax 646-863-4416. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at glinepartners.com.