Clarkston Capital Partners, LLC (Bloomfield Hills)

Name: Clarkston Capital Partners, LLC
Address: 91 West Long Lake Road, Bloomfield Hills, MI, 48304
Telephone: 248-723-8000

Clarkston Capital Partners, LLC is a large advisory firm based in Bloomfield Hills. It manages $3.42 billion of regulatory assets for 1,365 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Arizona, California, and 12 other states.

Clarkston Capital Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Clarkston Capital Partners: assets under management

The assets under management (AUM) of Clarkston Capital Partners, LLC is $3.42 billion. The firm's AUM has grown by 17876% since the beginning of its operation, and $548.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.41 billion in discretionary accounts and $8.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.18 million.

Clarkston Capital Partners has custody of $1.43 billion in cash and securities for 691 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in investment and business development companies form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clarkston Capital Partners, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Salvatore F. Gianino serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Salvatore F. Gianino is investment companies with 4 clients and $801.26 million of assets under management. Among the 11 most similar advisory firms, Clarkston Capital Partners has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $3.36 billion for 810 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.

Clarkston Capital Partners also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $20,000 for each fund.

Careers at Clarkston Capital Partners, LLC

The company employs 29 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 9 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.

Salvatore F. Gianino has been acting as President since 1 Jan 2009. Jeffrey Anthony Hakala has served as the Chief Investment Officer since 1 Feb 2007. Gerald Wayne Hakala joined the executive team most recently as the Managing Partner, Equities.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Anthony Hakala	Chief investment officer	1 Feb 2007	25% - 50%	4763815
Gerald Wayne Hakala	Director of research	1 Jul 2007	25% - 50%	4763821
Gerald W. Hakala	Managing member/director of research/chief compliance officer	1 Jul 2007	50% - 75%	4763821
Llc Ccp Investors	Member	1 Jan 2009	Other	27-0402482
Jeffrey D. (Mi Only) Bergeron	Member	1 Jan 2009	Other	5686868
Salvatore F. (Mi Only) Gianino	Managing director/chief compliance officer	1 Jan 2009	Other	5686878
Mackinac Financial	Member	1 Jan 2009	Other	38-2062816
Jeffrey Bergeron	Member	1 Jan 2009	Other	5686868
Salvatore F. Gianino	President	1 Jan 2009	Other	5686878
Jeremy J. Modell Revocable Living Trust Dtd 11/6/2003	Member	1 Jan 2012	25% - 50%	38-1942464
Jeremy Joseph Modell	Managing partner	1 Jan 2012	25% - 50%	2729149
Dated October 27 1999 And Amended April 9 2002 James L. Bellinson Living Trust	Member	1 Jan 2013	Other	37-7547756
Salvatore F. (Mi Only) Gianino	Chief financial officer	1 Jan 2016	Other	5686878
Amy Leigh Eisenbeis	Chief compliance officer	1 Mar 2016	Other	2206493
Jeffrey Anthony Hakala	Chief executive officer/chief investment officer	1 Mar 2017	25% - 50%	4763815
Gerald Wayne Hakala	Managing partner, equities	1 Mar 2017	25% - 50%	4763821
Jeremy Joseph Modell	Managing partner and portfolio manager, fixed income / trustee of jeremy j. modell revocable living trust dtd 11/6/2003	1 Mar 2017	25% - 50%	2729149
Kevin Roger Kuhl	Chief operating officer	1 Mar 2017	Other	6775434

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James L. Bellinson	Trustee	1 Oct 1999	75% - 100%	6430889
Jeremy Joseph Modell	Trustee	1 Nov 2003	75% - 100%	2729149
Irving M. (Mi Only) Rollingher	Member	1 Jan 2009	75% - 100%	5686888
Irving Rollingher	Member	1 Jan 2009	75% - 100%	5686888

Based in Bloomfield Hills

The principal office where Clarkston Capital Partners, LLC performs its advisory services is located at 91 West Long Lake Road, Bloomfield Hills, MI 48304, 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 248-723-8000 or by fax 248-723-8090. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at clarkstoncapital.com.