Hilbert 8, LLC (New York)

Name: Hilbert 8, LLC
Address: 420 Lexington Avenue, New York, NY, 10170 1799
Telephone: (212) 804-8730

Hilbert 8, LLC is a mid-sized advisory firm based in New York. It manages $63.85 million of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Hilbert 8 provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hilbert 8: assets under management

The assets under management (AUM) of Hilbert 8, LLC is $63.85 million. The firm's AUM has grown by 166% since the beginning of its operation, and $58.9 million of the total AUM is attributable to clients outside of the United States.

The firm manages $8.19 million in discretionary accounts and $55.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.19 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.24 million.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hilbert 8, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hilbert 8 serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Hilbert 8 is high net worth individuals with 42 clients and $55.66 million of assets under management. Among the 3 most similar advisory firms, Hilbert 8 has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $63.85 million for 43 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 93% of the firm’s clients are foreign persons or businesses.

Hilbert 8 also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Hilbert 8, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc The Galois Group	Member	1 May 2013	25% - 50%	46-2633719
K&E Capital Partners M.E.P.E.	Member	1 May 2013	25% - 50%	n/a
Marina Nmn Spyridakis	Member; principal; investor relations	1 Sep 2015	25% - 50%	6687351
Marcantonio Massimo Antamoro	Managing member; chief compliance officer	1 May 2016	Other	2197272
Konstantinos Nmn Argyropoulos	Principal; chief risk officer	1 May 2016	Other	6685622
Konstantinos Christodoulos Argyropoulos	Managing member, chief risk officer	1 May 2016	Other	6685622
Llc The Galois Group	Direct owner	1 Jun 2016	25% - 50%	46-2633719
Ibrahim Ahmed Diane	Managing member	1 Nov 2016	Other	5787751
Marina Nmn Spyridakis	Managing member; investor relations	1 May 2018	25% - 50%	6687351

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Konstantinos Nmn Argyropoulos	Member	1 May 2013	25% - 50%	6685622
Konstantinos Argyropoulos	Principal, cro	1 May 2013	75% - 100%	6685622
Marina Nmn Spyridakis	Member	1 May 2013	25% - 50%	6687351
Konstantinos Christodoulos Argyropoulos	Member	1 May 2013	25% - 50%	6685622

Based in New York

The principal office where Hilbert 8, LLC performs its advisory services is located at 420 Lexington Avenue, New York, NY 10170 1799, 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) 804-8730 or by fax (646) 868-5848. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at hilbert8.com.