National Private Shares, Inc. is a related adviser based in Boca Raton. It manages $486.33 million of regulatory assets for 39 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, New York, and Washington.
National Private Shares provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of National Private Shares, Inc. is $486.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay National Private Shares, Inc. for their services and products based on a percentage of assets under management 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.
The only and largest group of clients of Glenn Charles Worman is pooled investment vehicles with 39 clients and $486.33 million of assets under management. Among the 5 most similar advisory firms, National Private Shares has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $486.33 million for 39 clients. None of the firm’s clients are foreign persons or businesses.
National Private Shares also advises several private funds. Namely, thirty two private equity funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $100,000.
The company employs 8 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.
Glenn Charles Worman has been acting as President since 1 Oct 2018. Daniel Ortega joined the executive team most recently as the Chief Supervisory Officer.
The principal office where National Private Shares, Inc. performs its advisory services is located at 5000 T Rex Avenue, Boca Raton, FL 33431, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 561-981-1000 or by fax 561-283-3366. The normal business hours are 8 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at yournational.com/private-shares/.