Heard Capital LLC (Chicago)

Name: Heard Capital LLC
Address: 1 North Wacker, Chicago, IL, 60606
Telephone: 312-786-5212

Heard Capital LLC is an adviser based in Chicago. It manages $50.6 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2018.

Heard Capital 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.

Heard Capital: assets under management

The assets under management (AUM) of Heard Capital LLC is $50.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 143% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $50.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.23 million each.

Heard Capital has custody of $11.6 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 60% of the total AUM. The second-largest asset type is other assets, which make up 40% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Heard Capital LLC 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 Heard Capital serves?

The firm provides services to charitable organizations, other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Heard Capital is other investment advisers with 1 clients and $20 million of assets under management. Among the 5 most similar advisory firms, Heard Capital has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $50.6 million for 7 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Heard Capital 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 Heard Capital LLC

The company employs 3 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William E Heard	Managing member, chief compliance officer	1 Jan 2010	75% - 100%	4578165
Llc Wolf Creek Investments	Passive owner	1 Oct 2013	Other	45-4834851

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Levoyd Elia Robinson	Owner	1 Jan 2001	75% - 100%	4245145

Based in Chicago

The principal office where Heard Capital LLC performs its advisory services is located at 1 North Wacker, Chicago, IL 60606, 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 312-786-5212. The normal business hours are 9:00am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at heardcapital.com.