EARNEST Partners, LLC (hereinafter “we, us, Firm”) provides investment management services
and we have been in business since 1999.
We generally may offer investment advice on a variety of securities including without limitation
the following: equity securities, equity-linked securities, mutual fund shares, limited partnership
interests, membership interests, fixed income securities, notes, debentures, convertible securities,
depositary receipts, related rights, options (including without limitation, listed and over-the-
counter options and the writing of options, whether or not covered), warrants, other securities,
currencies and commodities, futures contracts, forward contracts, swaps, options on the foregoing,
other derivative instruments and hybrid instruments, and other instruments and investments, in
each case of every kind and character, traded on United States and non-United States markets
(including over-the-counter markets) and exchanges.
We generally will not advise or act for clients in legal proceedings, including class actions or
bankruptcies, involving securities purchased or held in clients’ accounts. Commercially
reasonable efforts are used to transmit copies of class action notices we receive to the client or the
client’s designee and we will not be responsible for reasonable delays in transmission.
The Firm provides investment advisory services and in some cases execution of client transactions
for wrap fee programs, but does not sponsor wrap fee programs. Other than the range of allowed
client-imposed restrictions and trading related aspects, wrap fee accounts are generally managed
to the same investment strategies as non-wrap fee accounts. A portion of the wrap fee is paid to
us as the compensation for our services.
The Firm is greater
than 25% owned by Westchester Limited EP, LLC. Paul E. Viera indirectly
owns more than 25% of the Firm through Westchester Limited EP, LLC and The PEV Revocable
Living Trust.
The amount of client assets managed as of December 31, 2023:
Discretionary basis: $35,213,018,855
Non-discretionary basis: $ 76,433,368
Total: $35,289,452,223
For purposes of claiming compliance with the CFA Institute’s Global Investment Performance
Standards (GIPS®), the Firm has defined its Institutional Division and Non-Institutional Division
as separate firms. The Non-Institutional Division currently consists of advisory programs under
which a fee, not based directly upon transactions in a client’s account, is charged for investment
advisory services and in some cases the execution of client transactions (i.e. wrap fee programs).
Only the Institutional Division claims compliance with GIPS® and as a result, the Institutional
Division’s assets under management (AUM) will be presented when marketing the Institutional
Division’s investment performance. The AUM for both Divisions will be shown for regulatory
purposes (i.e. Form ADV, prospectuses, etc.). The Non-Institutional Division performance will be
related performance which means the performance results of one or more related portfolios as a
composite aggregation of all portfolios falling within the stated criteria. Related portfolio means a
portfolio with substantially similar investment policies, objectives, and strategies as those of the
services being offered in the advertisement. Actual client portfolios and actual client performance
may vary significantly from related portfolios and related performance, depending on client
restrictions, guidelines, inception date, size of the account, and other factors.