Hartwell J M Ltd Partnership (New York)

Name: Hartwell J M Ltd Partnership
Address: 515 Madison Ave, New York, NY, 10022
Telephone: 212-308-3355

Hartwell J M Ltd Partnership is a large advisory firm based in New York. It manages $534.74 million of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 16 other states.

Hartwell J M Ltd Partnership provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hartwell J M Ltd Partnership: assets under management

The assets under management (AUM) of Hartwell J M Ltd Partnership is $534.74 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 18% since the beginning of its operation, and $147.31 million of the total AUM is attributable to clients outside of the United States.

The firm manages $534.74 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.15 million each.

Hartwell J M Ltd Partnership has custody of $5.02 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 91% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hartwell J M Ltd Partnership 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 Hartwell J M Ltd Partnership serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Hartwell J M Ltd Partnership is high net worth individuals with 35 clients and $503.51 million of assets under management. Among the 7 most similar advisory firms, Hartwell J M Ltd Partnership has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $518.82 million for 52 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Hartwell J M Ltd Partnership also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Hartwell J M Ltd Partnership

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Millwill Corporation	Limited partner	1 May 1994	Other	13-3759588
William Christian Iv Miller	Principal	1 May 1994	Other	335760
Amg New York Holdings Corp.	Limited partner	1 May 1994	Other	04-3546127
Jmh Management Corporation	General partner	1 May 1994	50% - 75%	13-2647102
Boulderwood Corporation	Limited partner	1 May 1994	Other	13-3759590
B. Nicholson Corporation	Limited partner	1 May 1994	Other	13-3759586
Elias Alexander Lazor	Principal	1 May 1994	Other	601347
Barbara Nicholson Romeo	Principal	1 May 1994	Other	1735180
Inc. Affiliated Managers Group	Sharehholder of general partner	1 Oct 1995	Other	04-3218510
Ecclefechan Holding Inc.	Limited partner	1 Jan 1996	Other	13-3946138
Adrian Stewart Dawes	Principal	1 Jan 1996	Other	2622285
Ecclefechan Holdings Inc.	Limited partner	1 Jan 1996	Other	13-3946138
Jordan S Press	Principal & chief compliance officer	1 Jan 2004	Other	4782992
William Daniel Jones	Principal	1 Jan 2004	Other	261879
Press Capital Llc	Limited partner	1 Dec 2006	Other	20-8186935
Sambarun Llc	Limited partner	1 Dec 2006	Other	20-8525800
O'ceallaigh Capital Llc	Limited partner	1 Mar 2007	Other	20-1113483
Kevin Patrick Kelly	Principal	1 Mar 2007	Other	2540402
Hwl Holdings Corporation	General partner	1 Jul 2009	50% - 75%	61-1569275

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Affiliated Managers Group	Sole member	1 May 1994	75% - 100%	04-3218510
Affiliated Managers Group Inc.	Shareholder	1 May 1994	75% - 100%	04-3218510
Inc Affiliated Managers Group	Shareholder	1 May 1994	75% - 100%	04-3218510
Jordan S Press	Sole member	1 Dec 2006	75% - 100%	4782992
William Daniel Jones	Sole member	1 Dec 2006	75% - 100%	261879
Inc Affiliated Managers Group	Shareholder	1 Jul 2009	75% - 100%	04-3218510

Based in New York

The principal office where Hartwell J M Ltd Partnership performs its advisory services is located at 515 Madison Ave, New York, NY 10022, 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 212-308-3355 or by fax 212-980-0376. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at jmhartwell.com.