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Hartwell J M Ltd Partnership (New York)


Hartwell J M Ltd Partnership is a large advisory firm based in New York. It manages $534.74 million of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 16 other states.

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Hartwell J M Ltd Partnership provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and 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.

Hartwell J M Ltd Partnership: assets under management

The assets under management (AUM) of Hartwell J M Ltd Partnership is $534.74 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 18% since the beginning of its operation, and $147.31 million of the total AUM is attributable to clients outside of the United States.


The firm manages $534.74 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.15 million each.
Hartwell J M Ltd Partnership has custody of $5.02 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 91% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hartwell J M Ltd Partnership 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 Hartwell J M Ltd Partnership serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Hartwell J M Ltd Partnership is high net worth individuals with 35 clients and $503.51 million of assets under management. Among the 7 most similar advisory firms, Hartwell J M Ltd Partnership has the highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $518.82 million for 52 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Hartwell J M Ltd Partnership also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Hartwell J M Ltd Partnership

The company employs 7 people that are either part- or full-time employees. 86 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Millwill Corporation Limited partner 1 May 1994 Other 13-3759588
William Christian Iv Miller Principal 1 May 1994 Other 335760
Amg New York Holdings Corp. Limited partner 1 May 1994 Other 04-3546127
Jmh Management Corporation General partner 1 May 1994 50% - 75% 13-2647102
Boulderwood Corporation Limited partner 1 May 1994 Other 13-3759590
B. Nicholson Corporation Limited partner 1 May 1994 Other 13-3759586
Elias Alexander Lazor Principal 1 May 1994 Other 601347
Barbara Nicholson Romeo Principal 1 May 1994 Other 1735180
Inc. Affiliated Managers Group Sharehholder of general partner 1 Oct 1995 Other 04-3218510
Ecclefechan Holding Inc. Limited partner 1 Jan 1996 Other 13-3946138
Adrian Stewart Dawes Principal 1 Jan 1996 Other 2622285
Ecclefechan Holdings Inc. Limited partner 1 Jan 1996 Other 13-3946138
Jordan S Press Principal & chief compliance officer 1 Jan 2004 Other 4782992
William Daniel Jones Principal 1 Jan 2004 Other 261879
Press Capital Llc Limited partner 1 Dec 2006 Other 20-8186935
Sambarun Llc Limited partner 1 Dec 2006 Other 20-8525800
O'ceallaigh Capital Llc Limited partner 1 Mar 2007 Other 20-1113483
Kevin Patrick Kelly Principal 1 Mar 2007 Other 2540402
Hwl Holdings Corporation General partner 1 Jul 2009 50% - 75% 61-1569275

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Affiliated Managers Group Sole member 1 May 1994 75% - 100% 04-3218510
Affiliated Managers Group Inc. Shareholder 1 May 1994 75% - 100% 04-3218510
Inc Affiliated Managers Group Shareholder 1 May 1994 75% - 100% 04-3218510
Jordan S Press Sole member 1 Dec 2006 75% - 100% 4782992
William Daniel Jones Sole member 1 Dec 2006 75% - 100% 261879
Inc Affiliated Managers Group Shareholder 1 Jul 2009 75% - 100% 04-3218510

Based in New York

The principal office where Hartwell J M Ltd Partnership performs its advisory services is located at 515 Madison Ave, New York, NY 10022, 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 212-308-3355 or by fax 212-980-0376. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at jmhartwell.com.


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