Ll Funds, LLC (Philadelphia)

Ll Funds, LLC is a large advisory firm based in Philadelphia. It manages $1.58 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Pennsylvania.

Ll Funds provides 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.

Ll Funds: assets under management

The assets under management (AUM) of Ll Funds, LLC is $1.58 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 60% since the beginning of its operation, and $48.11 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.58 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $87.73 million each.

Investments

The firm invests in pooled investment vehicles the most. They account for 43% of the total AUM. The second-largest asset type is other assets, which make up 38% of the firm’s portfolio. Investments in non-exchange traded securities form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ll Funds, 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 Ll Funds serves?

The only and largest group of clients of Ll Funds is pooled investment vehicles with 17 clients and $1.36 billion of assets under management. Among the 7 most similar advisory firms, Ll Funds has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.36 billion for 17 clients. 28% of the firm’s clients are foreign persons or businesses.

Ll Funds also advises several private funds. Namely, three other private funds and nine private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Ll Funds, LLC

The company employs 15 people that are either part- or full-time employees. 47 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
Roberto Marco Sella	Managing partner, portfolio manager	1 Mar 2009	50% - 75%	2660500
Fabio Terlevich	Partner, head of client service	1 Mar 2010	Other	4641859
Paul David Thompson	Partner, head of operations	1 Jan 2011	Other	2707411
Paul Anthony Frick	Vice president, chief compliance officer	1 Feb 2012	Other	1610381
Marek Skawinski	Partner, portfolio manager	1 Jan 2013	Other	5188140
Ronald Richard Reese	Partner, chief financial officer	1 Jan 2014	Other	2245277
Shivraj Mundy	Partner, portfolio manager	1 Jan 2017	Other	6763485
James Andrew Morrissey	Partner, portfolio manager	1 Apr 2017	Other	2631815

Based in Philadelphia

The principal office where Ll Funds, LLC performs its advisory services is located at 2400 Market Street, Philadelphia, PA 19103, 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 267-298-5493 or by fax 215-764-5145. The normal business hours are 9 am - 5 pm on Monday - Friday.