Systematic Financial Management Lp
SEC-registered
Investment Adviser · Mid-sized ($1B–$10B)
CRD 106146
· SEC file 801-48908
· Teaneck, NJ
· WWW.SFMLP.COM
☆ Save with Pro
ADV data as of Mar 30, 2026
- Regulatory AUM
- $4.2B
- Discretionary
- $4.2B
- Clients
- 177
- Avg AUM / client
- $23.8M
- Accounts
- 177
- Employees
- 22
AUM over time
$2.3B
$14.0B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 91 | $32.9M | 0.78% |
| High net worth individuals | 14 | $33.9M | 0.81% |
| Investment companies | 3 | $565M | 13.4% |
| Pooled investment vehicles (non-investment companies) | 2 | $90.9M | 2.16% |
| Pension and profit sharing plans | 11 | $837M | 19.9% |
| Charitable organizations | 16 | $95.0M | 2.26% |
| State or municipal government entities | 14 | $2.0B | 47.0% |
| Corporations and other businesses | 12 | $63.7M | 1.51% |
| Other | 14 | $510M | 12.1% |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Mercy Health Services Inc EIN 522173382 | Baltimore, MD | 06/30/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Local Union No. 124 I. B. E. W. Pension Trust Fund Ibew Local Union No. 124 Pension Trust Fund | 2024 | |
| Michigan Laborers' Pension Plan Board Of Trustees Michigan Laborers' Pension Fund | 2024 | |
| Western Glaziers Retirement Plan Board Of Trustees, Western Glaziers Retirement Plan | 2024 | |
| Walmart 401(k) Plan Walmart Inc. | 2024 | |
| Atmos Energy Corporation Pension Account Plan Atmos Energy Corporation | 2024 | |
| Pension Fund United Scenic Artists Local 829 Board Of Trustees Of Pension Fund | 2024 | |
| Oshkosh Corporation Hourly Employees' Retirement Plan Oshkosh Corporation | 2024 | |
| Pierce Manufacturing Inc. Pension Plan Pierce Manufacturing, Inc. | 2024 | |
| Utah Pipe Trades Pension Trust Fund Board Of Trustees, Utah Pipe Trades Pension | 2024 | |
| Western Unite Here And Employers Pension Fund Board Of Trustees, Western Unite Here And Employers | 2024 | |
| Insulators Local No. 2 Pension Plan Board Of Trustees Insulators Local No. 2 Pension Plan | 2024 | |
| Gundersen Lutheran Employees' Retirement Plan Gundersen Lutheran Administrative Services, Inc. | 2024 |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kenneth Burgess | Chief Investment Officer/Portfolio Manager & Management Committee Member | CFA | Mar 1997 (29y) | Less than 5% |
| Kohler, Karen, Elizabeth | Chief Operating Officer/Chief Compliance Officer & Management Committee Member | Mar 2006 (20y) | Less than 5% | |
| James Vincent Wallerius | Registered representative | Jun 2002 (24y) | ||
| Walter Ryan Wick | Registered representative | CFA | Oct 2018 (8y) | |
| Richard Scott Plummer | Registered representative | CFA | Jun 2023 (3y) | |
| Matthew James Tangel | Registered representative | CFA | Sep 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Titan Nj Lp Holdings Llc | General Partner | Dec 2010 | A | 75% or more |
| Affiliated Managers Group, Inc. | Series A Member | Dec 2010 | B | ≈ 56.25% – 100% via Titan Nj Lp Holdings Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Affiliated Managers Group, Inc.: 75% – 100% of Titan Nj Lp Holdings Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (12)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Local Union No. 124 I. B. E. W. Pension Trust Fund | Ibew Local Union No. 124 Pension Trust Fund | 2,514 | $384M | 09/01/2024 |
| Michigan Laborers' Pension Plan | Board Of Trustees Michigan Laborers' Pension Fund | 12,152 | $1.3B | 09/01/2024 |
| Western Glaziers Retirement Plan | Board Of Trustees, Western Glaziers Retirement Plan | 887 | $414M | 07/01/2024 |
| Walmart 401(k) Plan | Walmart Inc. | 1,670,732 | $50.8B | 02/01/2024 |
| Atmos Energy Corporation Pension Account Plan | Atmos Energy Corporation | 1,717 | $580M | 01/01/2024 |
| Pension Fund United Scenic Artists Local 829 | Board Of Trustees Of Pension Fund | 2,834 | $534M | 01/01/2024 |
| Oshkosh Corporation Hourly Employees' Retirement Plan | Oshkosh Corporation | 885 | $166M | 01/01/2024 |
| Pierce Manufacturing Inc. Pension Plan | Pierce Manufacturing, Inc. | 813 | $157M | 01/01/2024 |
| Utah Pipe Trades Pension Trust Fund | Board Of Trustees, Utah Pipe Trades Pension | 1,181 | $263M | 01/01/2024 |
| Western Unite Here And Employers Pension Fund | Board Of Trustees, Western Unite Here And Employers | 68,191 | $3.7B | 01/01/2024 |
| Insulators Local No. 2 Pension Plan | Board Of Trustees Insulators Local No. 2 Pension Plan | 421 | $206M | 01/01/2024 |
| Gundersen Lutheran Employees' Retirement Plan | Gundersen Lutheran Administrative Services, Inc. | 9,660 | $2.9B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Mercy Health Services Inc | Public charity | $52.0M | 06/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.09 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $954M (23% of AUM) Mar 2026
- BNY Mellon $875M (21% of AUM) Mar 2026
- Northern Trust $664M (16% of AUM) Mar 2026
- J.P. Morgan $495M (10% of AUM) Mar 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗