Thornapple River Capital LLC (Middleville)

Thornapple River Capital LLC is an adviser based in Middleville. It manages $39.49 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Michigan.

Thornapple River Capital provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and family office consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Thornapple River Capital: assets under management

The assets under management (AUM) of Thornapple River Capital LLC is $39.49 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $39.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.94 million each.

Thornapple River Capital has custody of $39.5 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thornapple River Capital LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Thornapple River Capital serves?

The only and largest group of clients of Thornapple River Capital is pooled investment vehicles with 8 clients and $39.49 million of assets under management. Among the 3 most similar advisory firms, Thornapple River Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $39.49 million for 8 clients. None of the firm’s clients are foreign persons or businesses.

Thornapple River Capital also advises several private funds. Namely, two hedge funds, one real estate fund, four private equity funds, and one venture capital fund. The minimum investment commitment required of non-related persons ranges from $25,000 to $100,000.

Careers at Thornapple River Capital LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 2 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
Brandon Joel Kanitz	Manager	1 Oct 2015	25% - 50%	4608631
Jr. Revocable Living Trust Edgar D. Jannotta	Member	1 Jan 2017	25% - 50%	xxx-xx-xxxx
Genesis Quezon Guanga	Manager & chief compliance officer	1 Mar 2017	25% - 50%	5494630

Based in Middleville

The principal office where Thornapple River Capital LLC performs its advisory services is located at 8949 River Ridge Road, Middleville, MI 49333, 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 616-308-1865. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday.