Who is Monticello Associates?
Monticello Associates is an independent investment consulting firm. The firm is headquartered in Denver, CO, on historic Larimer Street, with an additional offices in Cleveland, OH and Boston, MA.
How long has Monticello Associates been in business?
Monticello Associates has provided highly specialized, research-driven services to its clients since 1992.
What kind of services does Monticello Associates provide?
The firm provides a variety of asset management consulting services, including developing investment policies and objectives, analyzing asset allocation and diversification, researching investment managers for client selection, providing due diligence and performance monitoring of managers, and supplying periodic performance reports.
Does Monticello have any affiliate relationships?
No. Monticello has no subsidiary or affiliate relationships and has no ties to any brokerage firms. The firm does not sell any products, nor does it provide consulting services to investment managers or offer investment banking services.
Who are Monticello’s clients?
Monticello works primarily with endowments, foundations, and high net worth individuals, including many of the most prominent museums, hospitals, schools and families in the United States.
How many clients does Monticello have?
As of December 31, 2020, Monticello worked with 174 client relationships representing approximately $107 billion dollars in assets under advisement.
How many employees does Monticello have?
The firm consists of 53 employees. With a deliberate low client-to-employee ratio, Monticello Associates maintains a level of personal service found nowhere else in the industry.
Who Are The Firm’s Key Executives?
- B. Grady Durham, Founder and President
- Amanda L. Adams, Managing Director
- Montgomery C. Cleworth, CFA, Managing Director
- W. Christopher Doyle, Managing Director
- Steven E. Halvorsen, CFA, Managing Director
- Brian P. Harrigan, CFA, CPA, Managing Director
- Westley M. Hays, Managing Director
- J. Eric Riedlin, CAIA, Managing Director
- Jeffrey D. Sletten, Managing Director
- Patrick F. Sullivan, Managing Director
- Andrew G. Terborgh, Managing Director
- Kevin A. Zimmerman, Managing Director
Does Monticello manage money for its clients?
No. Monticello does not have custody of client funds or securities, nor does it accept discretionary authority to manage securities accounts on behalf of clients or authority to vote client securities.
What kind of strategy does the consulting team employ?
Monticello recommends investment managers to its clients based heavily on research and performance. The firm’s professionals evaluate investment managers based on two main components: investment merit, which includes both a quantitative and qualitative analysis, and operational capability. Managers ultimately selected offer numerous types of investments, including hedge funds, mutual funds, and private equity funds.
How does Monticello get paid?
The firm derives 100% of its revenue from the consulting fees it charges clients. Monticello’s consulting fee does not include investment management fees, transaction costs, or custodial fees that are charged by other service providers. Neither Monticello nor its employees accept performance based fees.
What reporting does Monticello provide clients?
Monticello prepares in-depth performance measurement reports for its clients on a quarterly basis, as requested. These reports also include information regarding asset allocation and risk analysis. The reports are presented to clients by Monticello’s Investment Consultants.