Structured Portfolio Management, L.L.C (Stamford)

Name: Structured Portfolio Management, L.L.C
Address: 700 Canal Street, Stamford, CT, 06902
Telephone: 203-351-2870

Structured Portfolio Management, L.L.C is a large advisory firm based in Stamford. It manages $5.97 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Connecticut.

Structured Portfolio Management, L.L.C provides 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.

Structured Portfolio Management, L.L.C: assets under management

The assets under management (AUM) of Structured Portfolio Management, L.L.C is $5.97 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 872% since the beginning of its operation, and $311.72 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.97 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $351.33 million each.

Structured Portfolio Management, L.L.C has custody of $1.77 billion in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Structured Portfolio Management, L.L.C 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 Kenneth Cron serves?

The only and largest group of clients of Kenneth Cron is pooled investment vehicles with 17 clients and $5.97 billion of assets under management. Among the 9 most similar advisory firms, Structured Portfolio Management, L.L.C has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.97 billion for 17 clients. 35% of the firm’s clients are foreign persons or businesses.

Structured Portfolio Management, L.L.C also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Structured Portfolio Management, L.L.C

The company employs 31 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Kenneth Cron has been acting as President since 1 Apr 2007. Donald Ian Brownstein joined the executive team most recently as the Executive Chairman (Spm, Spm Iii, Spm Products).

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald Ian Brownstein	Chief executive officer (spm, spm iii, spm products)	1 Mar 1997	Other	4364423
Christopher Gerard Russell	Chief operating officer/chief compliance officer (spm, spm iii, spm products)	1 Mar 1997	Other	4364432
L.L.C. Upper Shad Associates	Member/manager (spm)	1 Mar 1997	50% - 75%	13-3921476
Yong Liu	Sr. vice president - mortgage	1 Jun 1997	Other	4364438
Ronald Warren Sellers	Member of management committee	1 Jan 2000	Other	1474762
William Sydney Cook	Member of management committee	1 Jan 2000	Other	2895859
L.L.C. Atlantic Asset Management	Owner/member/manager	1 Jan 2000	25% - 50%	22-3484717
Monumental Life Insurance Company	Member/manager	1 Jan 2000	Other	42-1333264
Jeffrey Kong	Sr. vice president - trading	1 Mar 2000	Other	1653091
L.L.C Structured Portfolio Management	Owner/member/manager (spm iii, spm products)	1 Jan 2003	75% - 100%	108756
William Leong Mok	Managing director/head of portfolio management/chief investment officer (spm, spm products)	1 Feb 2003	Other	1904217
Jenelle Renee Scanlon	Senior vice president of operations/compliance manager (spm, spm iii, spm products)	1 Apr 2003	Other	4761996
William Leong Mok	Managing director/head of portfolio management/chief investment officer (spm iii)	1 Jan 2004	Other	1904217
Jenelle Renee Scanlon	Compliance officer/assistant vice president	1 Mar 2004	Other	4761996
Llc Nsp	Owner (class b interest)	1 Apr 2006	75% - 100%	51-0666918
Llc Structured Affiliates	Owner (class b interest)	1 Apr 2006	75% - 100%	51-0666918
Kenneth Dale Cron	President (spm, spm iii, spm products)	1 Apr 2007	Other	5316858
Kenneth Cron	President	1 Apr 2007	Other	5316858
L.L.C. Structured Partners	Member/manager (spm)	1 Dec 2007	25% - 50%	20-3275532
Llc Structured Affiliates	Owner of class b interest (spm, spm iii)	1 Jan 2008	75% - 100%	51-0666918
Ward James Mcgraw	Chief financial officer (spm, spm iii, spm products)	1 Jul 2008	Other	2039132
Marc Holtz	Chief risk officer	1 Oct 2008	Other	1746764
Timothy John Yves Roberts	Managing director (spm iii)	1 Mar 2011	Other	2307754
Nicholas Pierre Vassalli	Managing director	1 Mar 2011	Other	5444049
Stephen Comer Ellwood	Chief compliance officer (spm, spm iii, spm products)	1 Apr 2015	Other	2966159
Angela Wu	Chief financial officer (spm, spm products, spm iii)	1 Mar 2017	Other	6776834
Donald Ian Brownstein	Executive chairman (spm, spm iii, spm products)	1 Apr 2017	Other	4364423
Kenneth Dale Cron	Chief executive officer (spm, spm iii, spm products)	1 Apr 2017	Other	5316858

Indirect Owners

The SEC currently registers 26 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ronald Warren Sellers	Owner	1 Jun 1996	25% - 50%	1474762
Donald Ian Brownstein	Managing member	1 Oct 1996	50% - 75%	4364423
Lp Putnam Lovell Equity Partners	Owner	1 Jun 2003	25% - 50%	95-4802256
Putnam Lovell Equity Advisors Llc	General partner	1 Jun 2003	Other	95-4802253
Services Depot Cdpq Us Inc	Limited partner	1 Jun 2003	25% - 50%	00-0000000
Pf Insurance Company	Limited partner	1 Jun 2003	25% - 50%	39-0989781
Putnam Lovell Capital Partners Inc.	Managing member	1 Jun 2003	75% - 100%	95-4653753
Putnam Lovell Group Inc.	Sole shareholder	1 Jun 2003	75% - 100%	95-3283346
National Bank Of Canada	Sole shareholder	1 Jun 2003	75% - 100%	00-0000000
Caisse Depot El Placement Du Quebec	Shareholder	1 Jun 2003	75% - 100%	00-0000000
Aegon Usa Inc.	Shareholder	1 Jun 2003	75% - 100%	42-1310237
Aegon N.V.	Shareholder	1 Jun 2003	75% - 100%	00-0000000
Lovell Minnick Equity Partners Lp	Owner	1 Jun 2003	25% - 50%	95-4802256
Lovell Minnick Equity Advisors Llc	General partner	1 Jun 2003	Other	95-4802253
Pf Life Insurance Company	Limited partner	1 Jun 2003	25% - 50%	39-0989781
Lovell Minnick Partners Llc	Sole managing member	1 Feb 2004	Other	20-0493456
Llc Lovell Minnick Holdings	Sole managing member	1 Feb 2004	Other	20-0498914
Jeffrey Dale Lovell	Co-managing member	1 Feb 2004	50% - 75%	1095362
James Edward Minnick	Co-managing member	1 Feb 2004	25% - 50%	716204
Jennings Jay Newcom	Co-managing member	1 Feb 2004	25% - 50%	4358060
Bowman Partners Lp	Limited partner	1 Nov 2004	25% - 50%	00-0000000
Bowman Partners Gp Co.	General partner	1 Nov 2004	Other	00-0000000
Frank Russell Investments (Cayman) Ltd	Shareholder	1 Nov 2004	75% - 100%	00-0000000
Frank Russell Company	Shareholder	1 Nov 2004	75% - 100%	91-1175091
Pantheon Global Secondary Fund Ii Limited	Limited partner	1 Nov 2004	25% - 50%	00-0000000
Kenneth Dale Cron	Manager/member/owner	1 Jun 2007	75% - 100%	5316858

Based in Stamford

The principal office where Structured Portfolio Management, L.L.C performs its advisory services is located at 700 Canal Street, Stamford, CT 06902, 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 203-351-2870 or by fax 203-351-2879. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at spmllc.com.