Phoenix Investment Adviser LLC is a large advisory firm based in New York. It manages $594.08 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of New York.
Phoenix Investment Adviser provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Phoenix Investment Adviser LLC is $594.08 million. The firm's AUM has grown by 749% since the beginning of its operation, and $332.72 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Phoenix Investment Adviser LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to other investment advisers and pooled investment vehicles. The largest group of clients of Phoenix Investment Adviser is pooled investment vehicles with 14 clients and $541.97 million of assets under management. Among the 12 most similar advisory firms, Phoenix Investment Adviser has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $543.95 million for 15 clients. 52% of the firm’s clients are foreign persons or businesses.
Phoenix Investment Adviser also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.
The company employs 20 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Phoenix Investment Adviser LLC performs its advisory services is located at 420 Lexington Avenue, New York, NY 10170, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-359-6230. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at phoenixinvadv.com.