Saga Partners is a registered investment advisor based in Cleveland, Ohio, that has been in business since 2011. Led by Joe Frankenfield, the firm specializes in managing concentrated portfolios of individual stocks for individuals and high-net-worth clients. Saga Partners focuses on long-term capital growth by using fundamental analysis to identify undervalued public equities, primarily common stocks, along with exchange-traded real estate investment trusts and American depositary receipts when appropriate. Typical client portfolios are highly concentrated, holding between 5 and 15 securities, which can lead to greater volatility than the broader stock market. The firm tailors its investment management services to meet each client's specific investment objectives, risk tolerance, cash needs, and any written investment restrictions. Saga Partners operates on a discretionary and non-discretionary basis, does not hold client funds or securities, and does not provide financial planning services.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.50% |
Variable management fees range from 0% to 1.5% annually, billed quarterly in arrears. Alternatively, a fixed management fee may be negotiated between the client and Saga Partners.