Formerly Glenmede Advisers, Glenmede Investment Management is an institutional investment management company that offers equity, fixed-income and liquid alternatives portfolios. The Philadelphia firm employs advisors who perform investment advisory services, including research analysts, portfolio managers and equity and bond traders. Together, they manage billions 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. A handful of current employees have small stakes in the firm.
In 2016, Vladimir de Vassal, portfolio manager of quantitative equity strategies, received the Lipper Award for Excellence in Fund Management.
Glenmede Investment Management Client Types and Minimum Account Sizes
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.
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:
|Small-Cap Fee Schedule|
|Small-Cap Equity||0.70% - 0.80%|
|Quantitative U.S. Small-Cap Equity||0.70% - 0.80%|
|Mid-Cap Equity||0.50% - 0.60%|
|SMID-Cap Equity||0.50% - 0.60%|
|Large-Cap Fee Schedule|
|U.S. Large-Cap Value Equity||0.30% - 0.45%|
|U.S. Large-Cap Growth Equity||0.30% - 0.45%|
|U.S. Large-Cap Core||0.30% - 0.45%|
|U.S. Large-Cap Environmental Equity||0.75%|
|U.S. Large-Cap Low Carbon Equity||0.75%|
|U.S. Large-Cap Socially Responsible Equity||0.75%|
|Responsible ESG U.S. Equity||0.75%|
|Women in Leadership U.S. Equity||0.75%|
|Quantitative International Strategy||0.75%|
What to Watch Out For
Glenmede Investment has one disclosure on its SEC record. This is attributed to an advisory affiliate of Glenmede.
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 firstname.lastname@example.org.
All information is accurate as of the writing of this article.
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