Elbrus Partners, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Elbrus Partners is a small SEC‑registered investment adviser that manages about $11.2 million for roughly 22 individual and high‑net‑worth clients. It offers discretionary portfolio management through its Elbrus Partners Managed Asset Program (EPMAP) wrap‑fee program and prepares an Investment Policy Statement for each client as the basis for ongoing account administration.
The firm’s investment process blends global tactical asset allocation (GTAA) with cyclical, fundamental, and quantitative/qualitative analysis and can employ model allocations tailored to client objectives and restrictions. Portfolios are constructed primarily with equities, mutual funds and ETFs (including precious‑metals ETFs), and the firm discloses the use of derivatives in separately managed accounts—such as options strategies and short sales—alongside its recommendation of a specific broker‑dealer for trade execution.
Noteworthy for a firm of this size, Elbrus Partners acts as the sponsor of its own wrap fee program and explicitly incorporates derivatives and short‑selling in client strategies, with written disclosures about associated risks and allocation policies. The firm manages all client assets in‑house, does not accept performance‑based fees, conducts at least quarterly reviews, and provides clients with custodial reporting and proxy materials directly.
Client services
Expertise
Fee options
$50,000 - $1,000,000: 1.00% $1,000,001 - $2,000,000: 0.90% $2,000,001 - $3,000,000: 0.80% $3,000,001+: 0.70%
Account minimum: $50,000
Main office
Baldwin MD
Advisors at this office
1
Most active in
Florida · Maryland · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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