Sortino Advisory Partners, LLC (Louisville)

Name: Sortino Advisory Partners, LLC
Address: 401 South 4 Th Avenue, Louisville, KY, 40202
Telephone: (502) 371-9850

Sortino Advisory Partners, LLC is a large advisory firm based in Louisville. It manages $156.28 million of regulatory assets for 353 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Indiana, Kentucky, and Michigan.

Sortino Advisory Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and fiduciary consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sortino Advisory Partners: assets under management

The assets under management (AUM) of Sortino Advisory Partners, LLC is $156.28 million. The firm's AUM has grown by 43% since the beginning of its operation, and $1.54 million of the total AUM is attributable to clients outside of the United States.

The firm manages $125.51 million in discretionary accounts and $30.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $375.77 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.62 million.

Investments

The firm invests in investment and business development companies the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Sortino Advisory Partners is high net worth individuals with 40 clients and $111.83 million of assets under management. Among the 8 most similar advisory firms, Sortino Advisory Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $156.28 million for 126 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Sortino Advisory Partners doesn't advise any private funds.

Careers at Sortino Advisory Partners, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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
Daniel Joseph Hutcherson	Managing member & chief compliance officer	1 Sep 2014	50% - 75%	3221907
Kevin Neal Maynard	Managing member	1 Sep 2014	50% - 75%	5994921

Based in Louisville

The principal office where Sortino Advisory Partners, LLC performs its advisory services is located at 401 South 4 Th Avenue, Louisville, KY 40202, 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 (502) 371-9850 or by fax (502) 371-9849. The normal business hours are 9:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at sortinoadvisory.com and its LinkedIn profile.