Aptitude Investment Management LP is a large advisory firm based in Seattle. It manages $1.39 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Washington.
Aptitude Investment Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and per mandate (e.g. administrative services, transition support services, etc.). It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Aptitude Investment Management LP is $1.39 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -73% since the beginning of its operation, and $1.05 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Aptitude Investment Management LP for their services and products based on a percentage of assets under management and performance-based 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.
The firm provides services to pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Aptitude Investment Management is pension and profit sharing plans with 4 clients and $1.15 billion of assets under management. Among the 10 most similar advisory firms, Aptitude Investment Management has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $1.39 billion for 9 clients. 56% of the firm’s clients are foreign persons or businesses.
Aptitude Investment Management also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.
The company employs 14 people that are either part- or full-time employees. 50 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.
Salim Abdul Hirji Shariff has served as the Chief Investment Officer since 1 Mar 2012. Gsam Holdings Llc joined the executive team most recently as the General Partner.
The principal office where Aptitude Investment Management LP performs its advisory services is located at Fourth And Madison, 925 Fourth Avenue, Seattle, WA 98104, 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 212-902-1000 or by fax 212-357-5281. The normal business hours are 8:00 to 5:00 on Monday - Friday. You can find more information about the New York firm at aptitudeinvest.com.