Phraction Management Llc
- Regulatory AUM
- $626M
- Discretionary
- $626M
- Clients
- 73
- Avg AUM / client
- $8.6M
- Accounts
- 130
- Employees
- 7
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 03, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 50 | $242M | 38.8% |
| Corporations and other businesses | 23 | $383M | 61.2% |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Gagnier, Thomas, James | Chief Compliance Officer | Aug 2018 (8y) | Less than 5% | |
| Stollman, Jason, Lee | Manager; Chief Investment Officer | Aug 2018 (8y) | ≈ 56.25% – 100% via Mapfair Llc | |
| Nathaniel Richard Baldi | Registered representative | CFA | Aug 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Mapfair Llc | Member | Aug 2018 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Stollman, Jason, Lee: 75% – 100% of Mapfair 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.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/03/2026 | 886 KB | 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
- • Fixed fees
- • Other fees
- • A PERCENTAGE OF AUM SUBJECT TO A MINIMUM FEE
Services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- Charles Schwab & Co. $252M (48% of AUM) Nov 2025
- Morgan Stanley $167M (32% of AUM) Nov 2025
- Citigroup Global Markets Inc. $66.4M (13% of AUM) Nov 2025
- Interactive Brokers $56.0M (16% of AUM) Jan 2023
- J.P. Morgan $25.7M (7% of AUM) Jan 2023
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 03, 2026.
View current Form ADV (SEC/IAPD) ↗