Broadcore Investments Lp
- Regulatory AUM
- $13.0M
- Discretionary
- $13.0M
- Clients
- 5
- Avg AUM / client
- $2.6M
- Accounts
- 6
- Employees
- 3
AUM over time
Annual snapshots from Form ADV filings · as of Sep 20, 2024
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 5 | $7.7M | 59.6% |
| Pension and profit sharing plans | Fewer than 5 clients | $5.3M | 40.4% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| International Union Of Painters And Allied Trades District Council No. 21 Annuity Fund International Union Of Painters & Allied Trades Dc No. 21 Annuity Fund | 2024 | |
| Iron Workers Locals 40, 361 & 417 Pension Fund Board Of Trustees Iron Workers Locals 40, 361 & 417 Pension Fund | 2024 |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mermelstein, Stephen, Jay | Chief Financial Officer/Limited Partner | Jul 2011 (15y) | Less than 5% | |
| Thomas Mo Wong | Chief Compliance Officer/Limited Partner | Jul 2011 (15y) | ≈ 18.75% – 50% via Broadcore Investments Llc | |
| Zona, Grace, Ann | Limited Partner | Jul 2011 (15y) | ≈ 18.75% – 50% via Broadcore Investments Llc |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Broadcore Investments Llc | General Partner | Jun 2011 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Thomas Mo Wong: 25% – 50% of Broadcore Investments Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Zona, Grace, Ann: 25% – 50% of Broadcore Investments Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| International Union Of Painters And Allied Trades District Council No. 21 Annuity Fund | International Union Of Painters & Allied Trades Dc No. 21 Annuity Fund | 5,163 | $220M | 07/01/2024 |
| Iron Workers Locals 40, 361 & 417 Pension Fund | Board Of Trustees Iron Workers Locals 40, 361 & 417 Pension Fund | 1,826 | $729M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 09/20/2024 | 1.17 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: FAILURE REASONABLY TO SUPERVISE A NOW-DECEASED PORTFOLIO MANAGER WHO ALLEGEDLY ENGAGED IN FRAUDULENT TRADE ALLOCATIONS. Status: Final Sanction Detail: SUSPENDED FROM ASSOCIATION IN A SUPERVISORY CAPACITY WITH ANY INVESTMENT ADVISOR FOR A PERIOD OF SIX MONTHS. A $50,000 FINE WAS PAID BY MR. MERMELSTEIN ON DECEMBER 14, 2009, NO AMOUNT OF THE FINE WAS WAIVED . Summary: WHILE SERVING AS CHIEF OPERATING OFFICER OF ARK ASSET MANAGEMENT, MR. MERMELSTEIN WAS CHARGED WITH FAILING TO SUPERVISE A NOW-DECEASED PORTFOLIO, MANAGER WHO ALLEGEDLY ENGAGED IN FRAUDULENT TRADE ALLOCATIONS. WITHOUT ADMITTING OR DENYING THE CHARGES, MR.MERMELSTEIN SETTLED THE MATTER BY ACCEPTING A SIX MONTH SUSPENSION FROM ACTING IN A SUPERVISORY CAPACITY WITH AN INVESTMENT ADVISOR AND A $50,000,00 FINE.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $16.3M (60% of AUM) Mar 2023
- E*TRADE (Morgan Stanley) $8.5M (25% of AUM) Mar 2022
- Morgan Stanley $7.1M (55% of AUM) Sep 2024
- Wells Fargo $5.7M (16% of AUM) Mar 2022
- Principal Trust Company $5.3M (40% of AUM) Sep 2024
- UBS $1.1M (3% of AUM) Mar 2021
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Sep 20, 2024.
View current Form ADV (SEC/IAPD) ↗