Northwest Passage Capital Advisors LLC (Milwaukee)

Name: Northwest Passage Capital Advisors LLC
Address: 172 N Broadway, Milwaukee, WI, 53202
Telephone: 414-755-0461

Northwest Passage Capital Advisors LLC is a large advisory firm based in Milwaukee. It manages $1 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Wisconsin.

Northwest Passage Capital Advisors provides 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.

Northwest Passage Capital Advisors: assets under management

The assets under management (AUM) of Northwest Passage Capital Advisors LLC is $1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $200.23 million each.

Investments

The firm invests in sovereign bonds the most. They account for 70% of the total AUM. The second-largest asset type is other assets, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Northwest Passage Capital Advisors LLC for their services and products based on a percentage of assets under management. 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 Northwest Passage Capital Advisors serves?

The firm provides services to insurance companies and corporations or other businesses. The largest group of clients of Northwest Passage Capital Advisors is insurance companies with 1 clients and $957.84 million of assets under management. Among the 6 most similar advisory firms, Northwest Passage Capital Advisors has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $1 billion for 2 clients. None of the firm’s clients are foreign persons or businesses.

Northwest Passage Capital Advisors doesn't advise any private funds.

Careers at Northwest Passage Capital Advisors LLC

The company employs 9 people that are either part- or full-time employees. 56 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 compensates 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
Jefferson Vincent Deangelis	Managing member	1 Nov 2013	25% - 50%	1241530
2012 Jefferson V Deangelis 2012 Irrevocable Trust U/T/D December 28	Member	1 Nov 2013	Other	xxx-xx-xxxx
William Callaway Slaughter	Member	1 Nov 2013	Other	3048806
Michael Patrick Mcguire	Member	1 Nov 2013	Other	5002718
Julie Kay Behling	Chief compliance officer	1 Oct 2015	Other	4053871
Patrick Thomas Kennedy	Member	1 Apr 2016	Other	1297245

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Shannon Allen	Trustee	1 Dec 2012	Other	6564096

Based in Milwaukee

The principal office where Northwest Passage Capital Advisors LLC performs its advisory services is located at 172 N Broadway, Milwaukee, WI 53202, 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 414-755-0461 or by fax N/A. The normal business hours are 8 am - 5 pm cst on Monday - Friday. You can find more information about the New York firm at nwpcapital.com and its LinkedIn profile.