The Ithaka Group, LLC (Bethesda)

Name: The Ithaka Group, LLC
Address: 3 Bethesda Metro Center, Bethesda, MD, 20814
Telephone: 240-395-5000

The Ithaka Group, LLC is a large advisory firm based in Bethesda. It manages $553.32 million of regulatory assets for 217 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Florida, Illinois, and 11 other states.

The Ithaka Group provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

The Ithaka Group: assets under management

The assets under management (AUM) of The Ithaka Group, LLC is $553.32 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1168% since the beginning of its operation, and $6.92 million of the total AUM is attributable to clients outside of the United States.

The firm manages $553.32 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.55 million each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Ithaka Group, LLC 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.

What kind of clients The Ithaka Group serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of The Ithaka Group is high net worth individuals with 157 clients and $211.76 million of assets under management. Among the 11 most similar advisory firms, The Ithaka Group has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $553.32 million for 217 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

The Ithaka Group doesn't advise any private funds.

Careers at The Ithaka Group, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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
William Lee Johnson	Manager, chief executive officer, chief investment officer	1 Feb 2008	Other	833840
Scott Ellis O'gorman	Manager, president	1 Jun 2008	Other	1218049
Andrew Joseph Colyer	Manager, vice-president, director of research	1 Jun 2008	Other	2365598
Llc Odysseus Management	Member	1 Jun 2008	75% - 100%	26-2750785
L.P. Wtm Partners	Member	1 Jun 2008	25% - 50%	26-2757583
William Cattell Trimble	Manager	1 Jun 2008	Other	1756708
Robert Alan Katzen	Chief financial officer, chief compliance officer	1 Jul 2008	Other	5580728
Scott Ellis O'gorman	Chief operating officer	1 Sep 2009	Other	1218049
Robert Alan Katzen	Chief operating officer	1 May 2010	Other	5580728
Scott Ellis O'gorman	Chief operating officer	1 Sep 2013	Other	1218049
Scott Ellis O'gorman	Manager, president, co-chief investment officer	1 Jun 2018	Other	1218049

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
William Lee Johnson	Member	1 May 2008	25% - 50%	833840
Scott Ellis O'gorman	Member	1 May 2008	25% - 50%	1218049
Curtin Winsor	Member	1 Jun 2008	50% - 75%	2482899
Llc Wtm Holdings	General partner	1 Jun 2008	Other	26-2757583
John Peter Mcniff	General partner	1 Jun 2008	Other	4360374
Curtin Winsor Iii Living Trust	Member	1 Dec 2012	50% - 75%	46-6624051
Deborah Winsor	Trustee	1 Dec 2012	Other	6480578
Anita Winsor	Trustee	1 Dec 2012	Other	6480584

Based in Bethesda

The principal office where The Ithaka Group, LLC performs its advisory services is located at 3 Bethesda Metro Center, Bethesda, MD 20814, 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 240-395-5000. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ithakagroup.com.