Valstone Partners, LLC (Birmingham)

Name: Valstone Partners, LLC
Address: 260 E. Brown St., Suite 250, Birmingham, MI, 48009 6231
Telephone: 248-646-9200

Valstone Partners, LLC is a large advisory firm based in Birmingham. It manages $767.19 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Maryland and Michigan.

Valstone Partners 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.

Valstone Partners: assets under management

The assets under management (AUM) of Valstone Partners, LLC is $767.19 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 496% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $767.19 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $45.13 million each.

Valstone Partners has custody of $767.19 million in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

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

The only and largest group of clients of Valstone Partners is pooled investment vehicles with 16 clients and $767.11 million of assets under management. Among the 11 most similar advisory firms, Valstone Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $767.11 million for 16 clients. None of the firm’s clients are foreign persons or businesses.

Valstone Partners also advises several private funds. Namely, ten real estate funds. The minimum investment commitment required of non-related persons ranges from $75,658 to $722,000.

Careers at Valstone Partners, LLC

The company employs 9 people that are either part- or full-time employees. 100 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
Eric Richard Abel	Member - valstone partners, llc	1 Mar 1999	Other	2157532
Larry Elias Jennings	Manager/member - valstone partners, llc	1 Mar 1999	25% - 50%	1698729
Gerald Charles Timmis	Manager/member - valstone partners, llc	1 Mar 1999	50% - 75%	1658091
Theresa Foxen Timmis	Member	1 Mar 1999	25% - 50%	2674807
Shelagh Crook Merenius	Chief compliance officer	1 Mar 2006	Other	5121096
Richard A Colletta	Chief financial officer	1 Oct 2007	Other	5446709
Katherine Veronica Jennings	Member	1 Oct 2009	Other	4452622
Katherine Veronica Jennings	Member - valstone partners, llc	1 Dec 2009	25% - 50%	4452622
Shelagh Crook Merenius	Chief financial officer	1 Aug 2010	Other	5121096
Eric Richard Abel	Member - valstone partners iv(b), llc ("relying advisor")	1 Oct 2010	Other	2157532
Deborah S Abel	Member - valstone partners iv(b), llc ("relying advisor")	1 Oct 2010	Other	6044998
Larry Elias Jennings	Manager/member - valstone partners iv(b), llc ("relying advisor")	1 Oct 2010	25% - 50%	1698729
Gerald Charles Timmis	Manager/member - valstone partners iv(b), llc ("relying advisor")	1 Oct 2010	50% - 75%	1658091
Katherine Veronica Jennings	Member - valstone partners iv(b), llc ("relying advisor")	1 Oct 2010	25% - 50%	4452622
Deborah Susan Abel	Member - valstone partners iv(b), llc ("relying advisor")	1 Oct 2010	Other	6044998
Llc Dundalk Lane	Member - valstone partners iv(b), llc ("relying advisor")	1 Oct 2010	25% - 50%	20-4095690
Heejin Yi	Chief compliance officer	1 Mar 2011	Other	4570534
Eric Richard Abel	Member - valstone partners v, llc ("relying advisor")	1 Oct 2011	Other	2157532
Deborah S Abel	Member - valstone partners v, llc ("relying advisor")	1 Oct 2011	Other	6044998
Gerald Charles Timmis	Manager/member - valstone partners v, llc ("relying advisor")	1 Oct 2011	50% - 75%	1658091
Larry Elias Jennings	Manager/member - valstone partners v, llc ("relying advisor")	1 Oct 2011	Other	1698729
Deborah Susan Abel	Member - valstone partners v, llc ("relying advisor")	1 Oct 2011	Other	6044998
Katherine Veronica Jennings	Member - valstone partners v, llc ("relying advisor")	1 Oct 2011	25% - 50%	4452622
Llc Dundalk Lane	Member - valstone partners v, llc ("relying advisor")	1 Oct 2011	25% - 50%	20-4095690
Eric Richard Abel	Chief financial officer	1 Jan 2012	Other	2157532
Llc Ainsely Trust	Member - valstone partners v, llc ("relying advisor")	1 Nov 2012	25% - 50%	27-4444260
Llc Dundalk Lane	Member - valstone partners, llc (effective 06/2013)	1 Mar 2014	50% - 75%	20-4095690
Michael Steven Zuehlke	Chief compliance officer	1 Apr 2015	Other	6463132
Shana Ashley Weiss	Chief compliance officer	1 May 2016	Other	6772382
Eric Richard Abel	Member - valstone partners vi, llc ("relying advisor")	1 Sep 2016	Other	2157532
Deborah Susan Abel	Member - valstone partners vi, llc ("relying advisor")	1 Sep 2016	Other	6044998
Larry Elias Jennings	Manager/member - valstone partners vi, llc ("relying advisory")	1 Sep 2016	Other	1698729
Gerald Charles Timmis	Manager/member - valstone partners vi, llc ("relying advisory")	1 Sep 2016	50% - 75%	1658091
Deborah S Abel	Member - valstone partners vi, llc ("relying advisor")	1 Sep 2016	Other	6044998
Tartan5000 Llc	Member - valstone partners, llc	1 May 2017	Other	218885501
Tiger8000 Llc	Member - valstone partners, llc	1 May 2017	75% - 100%	430292955

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Larry Elias Jennings	Manager/member	1 Aug 1999	75% - 100%	1698729
Katherine Veronica Jennings	Member	1 Aug 1999	Other	4452622
Theresa Foxen Timmis	Member, dundalk lane, llc, member of valstone partners iv(b), llc ("relying advisor")	1 Oct 2010	75% - 100%	2674807
Theresa Foxen Timmis	Member, dundalk lane, member of valstone partners v, llc ("relying advisor")	1 Oct 2011	75% - 100%	2674807
Larry Elias Jennings	Manager/member, ansley trust, llc, member of valstone partners v, llc ("relying advisor")	1 Nov 2012	25% - 50%	1698729
Katherine Veronica Jennings	Member, ansley trust, llc, member of valstone partners v, llc ("relying advisor")	1 Nov 2012	25% - 50%	4452622
Theresa Foxen Timmis	Member, dundalk lane, llc, member of valstone partners, llc (effective 06/2013)	1 Mar 2014	25% - 50%	2674807
Gerald Charles Timmis	Manager/member, dundalk lane, llc, member of valstone partners, llc (effective 06/2013)	1 Mar 2014	50% - 75%	1658091
Katherine Veronica Jennings	Member, ainsley trust, llc, member of valstone partners vi, llc ("relying advisor")	1 Feb 2016	25% - 50%	4452622
Larry Elias Jennings	Member, ainsley trust, llc, member of valstone partners vi, llc ("relying advisor")	1 Feb 2016	25% - 50%	1698729
Larry Elias Jennings	Manager/member, tartan5000 llc, member of valstone partners, llc	1 May 2017	75% - 100%	1698729
Katherine Veronica Jennings	Member, tiger8000 llc, member of valstone partners, llc	1 May 2017	75% - 100%	4452622

Based in Birmingham

The principal office where Valstone Partners, LLC performs its advisory services is located at 260 E. Brown St., Suite 250, Birmingham, MI 48009 6231, which is also the mailing address of the firm. An additional office of the firm is in Baltimore, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-646-9200 or by fax 248-646-3322. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at valstonepartners.com.