Ottawa Avenue Private Capital, LLC (Grand Rapids)

Ottawa Avenue Private Capital, LLC is a large advisory firm based in Grand Rapids. It manages $9.41 billion of regulatory assets for 66 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Michigan.

Ottawa Avenue Private Capital provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ottawa Avenue Private Capital: assets under management

The assets under management (AUM) of Ottawa Avenue Private Capital, LLC is $9.41 billion. The firm's AUM has grown by 100% since the beginning of its operation, and $41.83 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.63 billion in discretionary accounts and $5.78 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $330.1 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $105.14 million.

Ottawa Avenue Private Capital has custody of $6.3 billion in cash and securities for 66 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 62% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 36% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ottawa Avenue Private Capital, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ottawa Avenue Private Capital serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Ottawa Avenue Private Capital is high net worth individuals with 51 clients and $7.32 billion of assets under management. Among the 6 most similar advisory firms, Ottawa Avenue Private Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $9.25 billion for 62 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.

Ottawa Avenue Private Capital also advises several private funds. Namely, eleven private equity funds. The minimum investment commitment required of non-related persons ranges from $10,000,000 to $20,000,000.

Careers at Ottawa Avenue Private Capital, LLC

The company employs 49 people that are either part- or full-time employees. 55 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 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.

Llc Ottawa Avenue Partners Ii joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jerry L Tubergen	Chief executive officer	1 Dec 2015	Other	4380940
Michael Patrick Lunt	Chief compliance officer	1 Dec 2015	Other	6596435
Robert Henry Schierbeek	Chief operating officer	1 Dec 2015	Other	6596432
Llc Ottawa Avenue Partners	Member	1 Dec 2015	75% - 100%	81-0873942
Llc Ottawa Avenue Partners Ii	Member	1 Mar 2017	75% - 100%	38-2977544

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Suzanne Cheryl Devos	Trustee	1 Jan 1992	Other	3253608
Jerry L Tubergen	Trustee	1 Jan 1992	Other	4380940
Richard Marvin Devos	Shareholder	1 Dec 1994	25% - 50%	3253604
Daniel George Devos	Shareholder	1 Dec 1994	25% - 50%	3253613
Douglas Lee Devos	Shareholder	1 Dec 1994	25% - 50%	3253615
Suzanne Cheryl Devos Revocable Trust	Shareholder	1 Dec 1994	25% - 50%	xxx-xx-xxxx
Jerry L Tubergen	Shareholder	1 Feb 2000	75% - 100%	4380940
Inc. Buttonwood Capital	General partner	1 Nov 2000	Other	38-3518162
Jlt 309 Trust	Limited partner	1 Mar 2009	75% - 100%	26-6850171
Jerry L Tubergen	Trustee	1 Mar 2009	Other	4380940
Robert Henry Schierbeek	Trustee	1 Mar 2009	Other	6596432
Rdv Corporation	Member	1 Dec 2015	75% - 100%	38-2977544
Llc Heritage Capital Management	Member	1 Dec 2015	Other	38-3571839
Rdv Corporation	Member	1 Mar 2017	75% - 100%	38-2977544

Based in Grand Rapids

The principal office where Ottawa Avenue Private Capital, LLC performs its advisory services is located at 126 Ottawa Avenue Nw, Grand Rapids, MI 49503, 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 616-278-6000 or by fax 616-454-4654. The normal business hours are 9am - 5pm on Monday - Friday.