Phraction Management LLC

RIASEC RegisteredEst. 2018
Total AUM
$626M
Discretionary
$626M
100% of AUM
Avg account
$4.8M
Accounts
130
Employees
7
Advisory reps
4

Firm details

Headquarters
Colchester, Connecticut
CRD number
298633
Registered since
October 4, 2018
Website
www.phraction.net
Custodians
CHARLES SCHWAB & CO., INC., MORGAN STANLEY & CO. LLC, CITIGROUP GLOBAL MARKETS INC.
Fee structure
Percentage of AUM, Fixed Fees, Other
Client types
  • Corporations / Businesses61.24%
  • HNWI38.76%
Services
Portfolio Management for Individuals

Firm profile

FINTRX

Overview

Phraction Management LLC is an SEC-registered investment adviser formed as an LLC and operating since 2018. The firm manages portfolios for individuals, families and institutions, and its stated advisory activity focuses on portfolio management for individuals and small businesses. Fee arrangements include percentage-of-AUM, fixed fees and other structures. Phraction does not identify as an active ESG investor and is not described as a capital allocator; its classification in the source data is unclassified. Phraction’s client base spans high-net-worth individuals and institutional entities. The firm’s stated investment preference is equities, with a sizable allocation to exchange-traded instruments and a mix of third-party alternative managers for less liquid exposures.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 63%, US Government Bonds 22%, Investment Grade Corp Bonds 10%, Public Funds/Mutual Funds 2%, Cash & Cash Equivalents 2%, Sovereign Bonds 1%, Non-Investment Grade Corp Bonds 1%, Derivatives 1%, Private Funds 1%63%
  • Exchange Traded Equities63%
  • US Government Bonds22%
  • Investment Grade Corp Bonds10%
  • Public Funds/Mutual Funds2%
  • Cash & Cash Equivalents2%

Owners & executives

1 of 1
  • Christine Wright

    Christine Wright

    Chief Operating OfficerCRD 5684282

Contacts

3 of 3
  • Jeffrey Sjovall

    Jeffrey Sjovall

    CCOCRD 8056072

  • Jason Stollman

    Jason Stollman

    ManagerCRD 5276190

  • Nathaniel Baldi

    Nathaniel Baldi

    Senior Investment AnalystCRD 8141253

Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 15

Active vs passive

$12.3M in ETFs

Passive

100%

$12.3M

Active

0%

$0

ETFProviderStyleCategoryValueShares% of portfolio
ISHARES BITCOIN TRUST ETF (IBIT)BlackRockPassiveDigital Assets$2.5M75,20020.38%
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Location

Primary office

Colchester, CT

New London

Location

Colchester, CT

Headquartered in Colchester, CT, anchoring the Hartford-East Hartford, CT metro in the Northeast.

Metro area
Hartford-East Hartford, CT
Region
Northeast
County
New London
Address
139 S Main St
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth