Merricks Capital Pty Ltd (Melbourne)

Name: Merricks Capital Pty Ltd
Address: Level 18, 90 Collins Street, Melbourne, 3000
Telephone: +613 8319 8111

Merricks Capital Pty Ltd is a large advisory firm based in Melbourne. It manages $295.61 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2011.

Merricks Capital Pty 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.

Merricks Capital Pty: assets under management

The assets under management (AUM) of Merricks Capital Pty Ltd is $295.61 million. The firm's AUM has grown by 108% since the beginning of its operation, and $295.61 million of the total AUM is attributable to clients outside of the United States.

The firm manages $216.49 million in discretionary accounts and $79.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $30.93 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $39.56 million.

Merricks Capital Pty has custody of $295.61 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 88% of the total AUM. The second-largest asset type is derivatives, which make up 12% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Merricks Capital Pty Ltd for their services and products based on a percentage of assets under management, fixed fees, 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 Justin Liberman serves?

The only and largest group of clients of Justin Liberman is pooled investment vehicles with 7 clients and $216.49 million of assets under management. Among the 9 most similar advisory firms, Merricks Capital Pty has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $216.49 million for 7 clients. 100% of the firm’s clients are foreign persons or businesses.

Merricks Capital Pty also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Merricks Capital Pty Ltd

The company employs 19 people that are either part- or full-time employees. 42 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.

Justin Liberman has been acting as President since 1 Aug 2008. Andrew Colin Torrington joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Henry A Lindell	Chief operating officer, chief compliance officer and director	1 Jul 2007	Other	5913928
Jrjj Capital Pty Ltd	Corporate owner	1 Jul 2007	75% - 100%	foreign
Richard Gethin Davies	Director	1 Jan 2008	Other	2928604
Adrian Redlich	Chief executive officer, chief investment officer and director	1 May 2008	25% - 50%	4206427
Justin Liberman	Director	1 Aug 2008	Other	5913929
Andrew Colin Torrington	Chief compliance officer	1 Jan 2018	Other	6042929

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bori Liberman	Direct individual owner	1 Apr 1996	75% - 100%	5913930
Adrian Redlich	Direct individual owner	1 Feb 2006	75% - 100%	4206427
Jagen Nominees Pty Ltd	Corporate owner	1 May 2007	75% - 100%	foreign
Jint1 Unit Trust	Corporate owner	1 May 2007	75% - 100%	foreign
Jrjj Management Unit Trust	Corporate owner	1 May 2007	75% - 100%	foreign
Jint1 Pty Ltd	Corporate owner	1 Jul 2007	25% - 50%	foreign
Jrjj Management Pty Ltd	Corporate owner	1 Jul 2007	50% - 75%	foreign
Greenwich Street Pty Ltd	Corporate owner	1 May 2008	50% - 75%	foreign

Based in Melbourne

The principal office where Merricks Capital Pty Ltd performs its advisory services is located at Level 18, 90 Collins Street, Melbourne, 3000, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number +613 8319 8111 or by fax +613 8319 8110. The normal business hours are 8 a.m. to 7 p.m. (aest time) on Monday - Friday. You can find more information about the New York firm at merrickscapital.com/.