Aip, LLC (New York)

Name: Aip, LLC
Address: 450 Lexington Avenue, New York, NY, 10017
Telephone: 212-627-2360

Aip, LLC is a large advisory firm based in New York. It manages $3.77 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2012.

Aip provides 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.

Aip: assets under management

The assets under management (AUM) of Aip, LLC is $3.77 billion. The firm's AUM has grown by 231% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.7 billion in discretionary accounts and $76.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $923.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $76.43 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aip, 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 Aip serves?

The only and largest group of clients of Aip is pooled investment vehicles with 5 clients and $3.77 billion of assets under management. Among the 9 most similar advisory firms, Aip has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.77 billion for 5 clients. None of the firm’s clients are foreign persons or businesses.

Aip also advises several private funds. Namely, two hedge funds and four private equity funds. The minimum investment commitment required of non-related persons ranges from $2,000,000 to $10,000,000.

Careers at Aip, LLC

The company employs 44 people that are either part- or full-time employees. 77 percent of the employees work as investment advisers or researchers. No 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
Kim Adams Marvin	Managing member	1 Oct 2005	25% - 50%	2529074
John Michael Becker	Managing member	1 Oct 2005	25% - 50%	6029851
Dino Michael Cusumano	Managing member	1 Oct 2005	25% - 50%	6029853
Paul Joseph Bamatter	Chief financial officer	1 Feb 2006	Other	6029856
Stanley Edme	Chief compliance officer/controller	1 Jan 2011	Other	3025813
Stanley Edme	Chief compliance officer/controller	1 Apr 2011	Other	3025813
Stanley Nmn Edme	Chief compliance officer/partner	1 Apr 2011	Other	3025813
Stephen John Bordes	Chief financial officer/partner	1 Nov 2017	Other	6931702
Stephen J Bordes	Chief financial officer	1 Nov 2017	Other	6931702

Based in New York

The principal office where Aip, LLC performs its advisory services is located at 450 Lexington Avenue, New York, NY 10017, 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 212-627-2360 or by fax 212-627-2372. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at americanindustrial.com.