ThirtyNorth Investments, LLC (hereinafter
referred to as “the Company”, “we”, “us” and
“our”) was founded in 1997. The Company is
organized under the laws of the state of
Louisiana. Advisean Partners, LLC ("Advisean"),
is 94% owner, TNI Holdings, LLC is a 5% owner,
and Latitude Holdings LLC is a 1% owner.
Suzanne T. Mestayer is majority owner of
Advisean and is the Managing Principal of the
Company. Fritz Gomila is a majority owner of
TNI Holdings, LLC and is a Principal of the
Company. Sarah Bomhoff is a majority owner of
Latitude Holdings, LLC and is a Principal of the
Company.
Services Offered
1) Discretionary Investment
Management - The Company
provides discretionary investment
management services for individuals,
high net worth individuals, individual
retirement accounts, trusts, estates,
non-profit organizations, and
qualified retirement plans. We
believe in a disciplined approach to
investing that includes a strategic,
global asset allocation. Our
investment committee determines
the overall global allocation of our
portfolios and selects professional
money managers and/or index-
linked securities to implement the
allocation. We do not attempt to
time short-term movements in the
financial markets and believe that
asset allocation is the primary
determinant of investor returns over
time. Most of our discretionary
accounts are invested in mutual
funds, exchange-traded funds (ETFs),
individual stocks, cash or cash
equivalents, and structured notes.
We determine each client’s investment
objectives, time horizon, and risk
tolerance before selecting the
appropriate investments for that
client’s portfolio.
The Company also manages the Women
Impact Strategy, a portfolio of the
stocks of companies that are leaders in
gender representation within Boards of
Directors and executive teams. The
strategy is actively managed to
maintain gender benchmarks,
established positive economic
indicators, and to mirror the sector
weighting of the Russell 3000 Index.
2) Non-Discretionary Investment
Management – The Company offers
non-discretionary investment
management services to a limited
number of clients. Because there are
potential limitations to our ability to
manage non-discretionary accounts, the
performance of these accounts may
vary from the performance of our
discretionary accounts. We evaluate
non-discretionary arrangements on a
case-by-case basis and prefer to limit
the number of non-discretionary
account relationships.
3) Participant Account Management
(Discretionary) -
We use a third party platform to
facilitate management of held away
assets such as defined contribution plan
participant accounts, with discretion.
The platform allows us to avoid being
considered to have custody of Client
funds since we do not have direct
access to Client log-in credentials to
affect trades. We are not affiliated with
the platform in any way and receive no
compensation from them for using their
platform. A link will be provided to the
Client allowing them to connect an
account(s) to the platform. Once Client
account(s) is connected to the platform,
Adviser will review the current account
allocations. When deemed necessary,
Adviser will rebalance the account
considering client investment goals and
risk tolerance, and any change in
allocations will consider current
economic and market trends. The goal
is to improve account performance over
time, minimize loss during difficult
markets, and manage internal fees that
harm account performance. Client
account(s) will be reviewed at least
quarterly and allocation changes will be
made as deemed necessary.
4) Qualified Retirement Plan Consultant –
The Company provides consulting
services to qualified retirement plans
such as 401(k) and profit-sharing plans.
Our services include record-keeper
evaluation and selection, assistance
with third-party administrator (TPA)
selection, plan design and feature
review, investment line-up review and
recommendations, and, in some cases,
consultation with plan participants
individually. We provide both ERISA
3(21) consultative services and/or ERISA
3(38) investment advisory services to
our clients depending upon their needs.
We believe that with proper plan design
and appropriate participant education
retirement plans are an excellent
benefit capable of playing the anchor
role in an employee’s retirement
planning. Further, we believe the
proper measure of plan success lies in
the retirement readiness of its
participants.
5) Financial Planning Services - We offer
financial planning services to our
investment advisory clients, which
typically involve providing a variety of
advisory services to clients regarding
the management of their financial
resources based upon an analysis of
their individual needs. If you retain our
Company for financial planning services,
we will meet with you to gather
information about your financial
circumstances and objectives. We may
also
use financial planning software to
determine your current financial
position and to define and quantify
your long-term goals and objectives.
We may outsource the processing of
the data for the plan. Once we specify
those long-term objectives (both
financial and non-financial), we will
develop shorter-term, targeted
objectives. Once we review and analyze
the information you provide to our
Company and the data derived from the
financial planning software, we will
deliver a written plan to you, designed
to help you achieve your stated
financial goals and objectives.
Financial plans are based on your
financial situation at the time we
present the plan to you, and on the
financial information you provide to us.
You must promptly notify our Company
if your financial situation, goals,
objectives, or needs change.
You are under no obligation to act on
our financial planning
recommendations. Should you choose
to act on any of our recommendations,
you are not obligated to implement the
financial plan through the accounts for
which we provide investment advisory
services. Moreover, you may act on our
recommendations by placing securities
transactions with any brokerage firm.
6) Institutional Consultant - The
Company offers customized services
to meet the diverse needs of
institutional clients. The company
offers review and recommendations
on investment policies, asset
allocation analysis, investment
manager search and evaluation,
ongoing performance measurement,
and rebalancing analysis as well as
ancillary services as needed by
clients.
7) Retirement Plan Benchmarking – The
Company provides independent
assessment reports that can be used by
plan sponsors to determine if plan
costs, features, investment options,
participation rates, and compliance
procedures are comparable to plans of
similar size.
8) Rollover Accounts – When we provide
investment advice to you regarding
your retirement plan account or
individual retirement account, we are
fiduciaries within the meaning of Title I
of the Employee Retirement Income
Security Act and/or the Internal
Revenue Code, as applicable, which are
laws governing retirement accounts.
The way we make money creates some
conflicts with your interests, so we
operate under a special rule that
requires us to act in your best interest
and not put our interest ahead of yours.
Under this special rule’s provisions, we
must:
• Meet a professional standard of
care when making investment
recommendations (give prudent
advice);
• Never put our financial interests
ahead of yours when making
recommendations (give loyal advice);
• Avoid misleading statements about
conflicts of interest, fees, and
investments;
• Follow policies and procedures
designed to ensure that we give
advice that is in your best interest;
• Charge no more than is reasonable
for our services; and
• Give you basic information about
conflicts of interest.
We benefit financially from the rollover
of your assets from an ERISA account to
an account that we manage or provide
investment advice, because the assets
increase our assets under management
and our advisory fees. In contrast, we
receive less or no compensation if
assets remain in the current plan or are
rolled over to another Company plan in
which you may participate.
We manage the investments for our clients in
the same manner our owners, advisors, and
staff manage many of their own investments.
Discretionary money manager role - Building
and maintaining investment models starts and
continues with research on global economics,
markets, and historical information. The
information comes from a variety of sources
including books, periodicals, websites, blogs,
wire-houses, mutual fund companies,
conference calls, and in person meetings at
conferences and due diligence meetings.
There are many investment management styles
that we do not use when managing client
portfolios but which may be beneficial to the
client individually.
Assets Under Management
The assets under management for ThirtyNorth
Investments, LLC total approximately
$279,173,000 (balances on accounts currently
managed as of December 31, 2023). Most of
these assets are held at Charles Schwab & Co.,
Inc. (“Schwab”), Voya Financial, Ascensus
Trust, TIAA, Met Life, Principal, Fidelity and
Vanguard.
Discretionary accounts total $192,921,000, and
non-discretionary total $86,252,000. Included
in these numbers are 401(k) participant
accounts. Asset totals are calculated using end
of month figures downloaded from custodians'
websites and quarterly paper statements for a
few smaller custodial relationships.
Discretionary accounts are those where the
client has given specific written authorization to
the Company to select securities and execute
trades on behalf of that client without obtaining
prior consent. Discretion is convenient for
clients and enables the Company to more
efficiently manage investments.