A. The Firm and Principal Owners
Square Advisors, LLC (“Square Advisors” or the “Firm”) provides investment advisory
services to ultra high net worth and high net worth individuals, as well as institutions. The
Firm was founded in 2011. The principal owners of the Firm are Romain Hatchuel, who is
the Managing Member, and Square Capital, LLP, a-UK based private investment
management firm (“the Affiliate”). Mr. Hatchuel owns 51%, and the Affiliate owns 49% of
the Firm.
B. Types of Services Offered
We provide investment management services to clients both on a discretionary and non-
discretionary basis.
We construct diversified portfolios comprised of the major asset classes (e.g., equities,
mutual funds, exchange traded funds, bonds, commodities (in the form of exchange traded
funds)), alternative investments, real estate investments and cash equivalents for clients
utilizing an active asset allocation approach. We offer our clients affiliated pooled
investment vehicles (“the Real Estate Funds”) that invest in real estate.
In addition, we will act as a subadvisor to the Affiliate. In this capacity, we will provide
investment management services, including portfolio construction services, securities
selection, and investment research.
The actual investment strategies and processes employed by the Firm, as well as associated
risks are discussed in detail in Item 8 below.
C. Level of Service Offered
We provide discretionary investment management services (“Discretionary Mandates”),
and advisory services where the client makes the final investment decision (“Advisory
Mandates”). In both cases, we create an investment profile for the client that defines the
client’s objectives and risk profile. Based upon the investment profile, we construct a
customized portfolio as described above. Furthermore, clients are permitted to impose
reasonable restrictions on investing in certain securities or types of securities.
In the case of a Discretionary Mandate client, we implement and manage the portfolio
based upon the client's objectives. For Advisory Mandate clients, we provide the client with
proposed portfolios and the client makes the investment decisions. We also monitor the
portfolio and make recommendations to modify the portfolio if required.
D. Portfolio Management Services to Wrap Fee Programs
We do not provide portfolio management services to wrap fee programs.
E. Assets Under Management
As of December 31, 2022, our total assets under management are $406,007,856 of which
$296,422,823 are managed on a non-discretionary basis and $109,585,033 are managed on
a discretionary basis. Our Regulatory Assets under Management are $315,791,325 of which
$206,206,292 are managed on a non-discretionary basis and $109,585,033 are managed on
a discretionary basis. The difference between our total assets under management and
Regulatory Assets under Management is attributable to Limited Liability Companies which
invest in real estate (“the Real Estate Funds”) for which we provide investment advice.