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Glenmede Investment Management Review

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Glenmede Investment Management, LP

Glenmede Investment Management, LP

Formerly Glenmede Advisers, Glenmede Investment Management, LP is an institutional investment management company that offers equity, fixed income and liquid alternatives portfolios. The Philadelphia firm employs 24 people who perform investment advisory services, including research analysts, portfolio managers and equity and bond traders. Together, they manage nearly $15.3 billion in assets.

Glenmede Investment Management Background

Glenmede Investment is a subsidiary of The Glenmede Trust Company, N.A. The firm was founded in 2007, while its parent company harks back to 1956. Six current employees have small stakes in the firm, including Chief Administrative Officer Mary Ann Wirts and Chief Investment Officer Gordon Fowler, both of whom were with Glenmede at its formation. (Fowler is also president and CEO of the parent company.)

What Types of Clients Does Glenmede Investment Management Accept?

Glenmede Investment works primarily with institutional clients, including corporate pension and profit-sharing plans, Taft-Hartley plans, charitable institutions, foundations, endowments, municipalities, corporations and the Glenmede Funds. It also serves high-net-worth individuals through sub-advisory contracts with its parent company. 

Glenmede Investment Management Minimum Account Sizes

Minimums vary, depending on the financial product. Generally, investment requirements for its mutual funds range from $5 million to $25 million. For its wrap fee program accounts, Glenmede sets the floor at $100,000. The firm may waive or lower minimums for long-standing clients of its parent company or affiliates.

Services Offered by Glenmede Investment Management

Glenmede Investment offers discretionary investment management services through separately managed accounts and mutual funds. It also manages the investments of wrap fee programs sponsored by other investment companies.  

Glenmede Investment Management Investing Philosophy

Glenmede Investment’s strategies span the investment continuum, covering equites, fixed income, liquid alternatives and what it calls “impact.” Equity strategies include large, mid and small cap securities using growth, value and blended styles. Fixed income strategies subdivide into taxable and tax-exempt categories, with varying duration approaches. Liquid alternatives include long/short strategies, secured options strategies and multi-strategies. Finally, impact strategies include models that invest in environmental equity, socially responsible equity, responsible ESG equity and women in leadership equity.

The firm primarily invests in U.S. companies, though it did launch a quantitatively oriented international strategy in 2014. It uses technical, fundamental and charting methods of analysis to evaluate investments, and it may utilize long- and short-term trading, short sales and options trading.  

Fees Under Glenmede Investment Management

Like most firms, Glenmede Investment collects management fees based on a percentage of assets under management (AUM). The percentage varies, depending on the product and the investment amount. Here are two standard fee schedules for separately managed accounts:

Product: Small Cap
AUM Annual Fee
First $20 million 1.00%
Next $30 million 0.80%
Assets more than $50 million 0.70%

 

Product: Large Cap
AUM Annual Fee
First $10 million 0.75%
Next $40 million  0.55%
Next $50 million 0.45%
Assets more than $100 million  0.40%


Glenmede Investment Management Awards and Recognition

In 2016, Vladimir de Vassal, portfolio manager of quantitative equity strategies, received the Lipper Award for Excellence in Fund Management. 

What to Watch Out For

Glenmede Investment does not work with small investors. It also does not offer financial planning or customized portfolio services. If you are looking for a financial advisor who offers personalized financial services, use SmartAsset’s pro matching tool to find someone who would be a better fit for your needs.

Disclosures

Glenmede Investment had no legal or disciplinary actions in the past 10 years to disclose in its most recent filings with the Securities and Exchange Commission.

Opening an Account With Glenmede Investment Management

For general inquiries, call Jarrett Naiden, a business development associate, at (215) 419-6793 or email him at jarrett.naiden@glenmede.com.

Where Is Glenmede Investment Management Located?

The firm is located at 1650 Market Street, Suite 1200, Philadelphia, Pennsylvania 19103.

All information was accurate as of the writing of this article. 

Tips for Hiring the Right Financial Advisor 

  • Use SmartAsset’s five-minute matching tool to find a financial advisor who specializes in your needs. Simply answer questions about your financial situation and preferences, and the program will connect you with up to three suitable advisors in your area.
  • Ask advisor candidates what their formal training is. Surprisingly, you don’t need to have any to be a financial advisor. So those who have professional certifications will have that much more preparation - and probably a specialty.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research