Overview
Union Square Investment Company (“USQ”) was formed on February 9, 1998 to provide investment
advisory and other professional services to clients. USQ is registered with the SEC as an investment
adviser. USQ’s sole owner is a grantor trust of which Alexander Hamilton Schilling is the sole
trustee. Union Square Global Wealth Management has been filed as USQ’s primary business name
in March 2017.
USQ is the investment adviser to private investment funds, in addition to individually managed
accounts. USQ advises its clients regarding investments in mutual funds, exchange traded funds
(ETFs), investment accounts managed by other professional investment advisers, and private
investment funds, including hedge funds, venture funds and buyout funds. USQ provides advice
about asset allocation and portfolio structure. USQ also advises its clients regarding cash
management and recommends custodians. USQ generally does not advise its clients regarding the
purchase and sale of individual securities, although it can do so on occasion if permitted under the
terms of the investment management agreement with the client.
As of December 31, 2023, USQ had total discretionary regulatory assets under management of
approximately $351 million and total non-discretionary regulatory assets under management of
approximately $3 million.
For individually managed accounts, USQ tailors its services to the individual needs
of each account
as follows:
Manages each such account based on the client’s financial situation and investment
objectives and in accordance with any restrictions that the client imposes on managing
the account.
At least annually, contacts each client (either in person or by telephone) to ask about any
changes in the client’s financial situation or investment objectives and whether the client
desires to impose or modify any restrictions on managing the account.
At least annually, USQ reviews with client any changes in the financial situation or
investment objectives, or if the client desires to impose or modify any restrictions on
managing the account.
Separately from its investment advisory services, USQ provides accounting, cash planning and
compliance and related services to individual clients, pursuant to professional services agreements.
ERISA Accounts: Union Square Global Wealth Management is deemed to be a fiduciary to advisory
clients that are employee benefit plans or individual retirement accounts (IRAs) pursuant to the
Employee Retirement Income and Securities Act ("ERISA"), and regulations under the Internal
Revenue Code of 1986 (the "Code"), respectively. As such, our firm is subject to specific duties and
obligations under ERISA and the Internal Revenue Code that include among other things, restrictions
concerning certain forms of compensation.
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