Fairway Sports Management, LLC (Cleveland)

Name: Fairway Sports Management, LLC
Address: 6060 Parkland Blvd Ste 100, Cleveland, OH, 44124
Telephone: 216-916-8420

Fairway Sports Management, LLC is a large advisory firm based in Cleveland. It manages $321.47 million of regulatory assets for 302 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Ohio, and Texas.

Fairway Sports Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fairway Sports Management: assets under management

The assets under management (AUM) of Fairway Sports Management, LLC is $321.47 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 83% since the beginning of its operation, and $5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $321.47 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.06 million each.

Fairway Sports Management has custody of $321.47 million in cash and securities for 131 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fairway Sports Management, LLC for their services and products based on a percentage of assets under management 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 Fairway Sports Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Fairway Sports Management is high net worth individuals with 20 clients and $198.36 million of assets under management. Among the 10 most similar advisory firms, Fairway Sports Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $321.47 million for 123 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Fairway Sports Management doesn't advise any private funds.

Careers at Fairway Sports Management, LLC

The company employs 15 people that are either part- or full-time employees. 7 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 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
David Alan Lightner	Member	1 Jun 2007	25% - 50%	4374749
Terrence Patrick Fergus	Member	1 Jul 2007	25% - 50%	5380286
Fred David Disanto	Member	1 Jul 2007	Other	1467798
Thomas John Bertsch	Member	1 Jul 2007	Other	4677882
Thomas J Wilson	Member	1 Jul 2007	Other	5463381
Timothy Carneval	Member	1 Jul 2007	Other	5390057
Peter A. Carfagna	Member	1 Jul 2007	Other	4380915
Timothy C. Carneval	Member	1 Jul 2007	Other	5390057
Jennifer Ann Rasmussen	Chief operating officer	1 Nov 2007	Other	5463389
Richard M Weinberg	Member	1 Jan 2010	Other	5907801
Christina Jean Perry	Chief financial officer, chief compliance officer	1 Jan 2010	Other	5733491
Christopher Maclaren	Chief compliance officer	1 Sep 2016	Other	6715259

Based in Cleveland

The principal office where Fairway Sports Management, LLC performs its advisory services is located at 6060 Parkland Blvd Ste 100, Cleveland, OH 44124, 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 216-916-8420 or by fax 216-916-8421. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at fsmcap.com.