Two Fish Management, LLC (Indianapolis)


Two Fish Management, LLC is an adviser based in Indianapolis. It manages $24.34 million of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Indiana.

Two Fish Management provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Two Fish Management: assets under management

The assets under management (AUM) of Two Fish Management, LLC is $24.34 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -77% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $24.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.01 million each.
Two Fish Management has custody of $2.36 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 57% of the total AUM. The second-largest asset type is derivatives, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Two Fish Management, 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 Two Fish Management serves?

The firm provides services to other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Two Fish Management is other investment advisers with 2 clients and $11.53 million of assets under management. Among the 2 most similar advisory firms, Two Fish Management has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $24.34 million for 22 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.

Two Fish Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Two Fish Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Michael Patrick Morris Manager 1 Jan 2008 25% - 50% 4847333
John Robert Sauder Manager and cco 1 Jan 2008 25% - 50% 4432146
Michael J Kessling Manager 1 Apr 2014 Other 4764516

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
John D Sauder Member 1 Jan 2008 Other 5645860
Jon P Schwab Member 1 Jan 2008 Other 5645861
Llc Sheaff Brock Capital Management Passive owner without any voting interest 1 Jul 2014 Other 45-4059000

Based in Indianapolis

The principal office where Two Fish Management, LLC performs its advisory services is located at 9333 N. Meridian, Indianapolis, IN 46260, 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 317-218-3804. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at twofishmgmt.com.