Genesee Investments LLC (Bellevue)

Name: Genesee Investments LLC
Address: One 100 Th Ave. Ne, Bellevue, WA, 98004
Telephone: 425-283-1600

Genesee Investments LLC is a related adviser based in Bellevue. It manages $398.2 thousand of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Washington.

Genesee Investments provides portfolio management for pooled investment vehicles, selection of other advisers, and portfolio management for hedge funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Genesee Investments: assets under management

The assets under management (AUM) of Genesee Investments LLC is $398.2 thousand, all of which is managed in discretionary accounts. The firm's AUM has gone down by -100% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $398.2 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $99.55 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Genesee Investments 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 Genesee Investments serves?

The only and largest group of clients of Genesee Investments is pooled investment vehicles with 2 clients and $398.2 thousand of assets under management. Among the 4 most similar advisory firms, Genesee Investments has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $398.2 thousand for 2 clients. None of the firm’s clients are foreign persons or businesses.

Genesee Investments also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Genesee Investments LLC

The company employs 4 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’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald R. Morken	President, treasurer/secretary, unit holder	1 Jul 2002	75% - 100%	1061617
Sonya A. Prata	Unit holder	1 Jul 2002	Other	4581973
Howard A. Coleman	Managing director	1 Jan 2003	Other	4637806
Donald E. Stout	Managing director, unit holder	1 Jan 2003	Other	4637811
Michelle Kline	Director of operations, unit holder	1 Jan 2003	Other	4637812
Coldstream Capital Management Inc	Parent company	1 Mar 2011	75% - 100%	108805
Erika Eng Yelle	Chief compliance officer	1 Mar 2011	Other	1632625
Darren David Ritchie	Senior analyst	1 Jul 2011	Other	5992686

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Roger Clifford Reynolds	Partner	1 Apr 1996	25% - 50%	3024255
Kevin Michael Fitzwilson	Managing shareholder	1 Oct 1997	25% - 50%	2511528

Based in Bellevue

The principal office where Genesee Investments LLC performs its advisory services is located at One 100 Th Ave. Ne, Bellevue, WA 98004, 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 425-283-1600 or by fax 425-283-5100. The normal business hours are 7:30a.m to 4:30p.m. on Monday - Friday. You can find more information about the New York firm at geneseeinv.com/.