Highmore Group Advisors, LLC is a large advisory firm based in New York. It manages $632.58 million of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, New Jersey, New York, and Texas.
Highmore Group Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as direct lending services senior & mezzanine loans.
The assets under management (AUM) of Highmore Group Advisors, LLC is $632.58 million. The firm's AUM has grown by 496% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Highmore Group Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, 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.
The firm provides services to insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Highmore Group Advisors is high net worth individuals with 15 clients and $347.3 million of assets under management. Among the 6 most similar advisory firms, Highmore Group Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $632.58 million for 26 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 22% of the firm’s clients are foreign persons or businesses.
Highmore Group Advisors also advises several private funds. Namely, three hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $200,000 to $1,000,000.
The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There are 2 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 Highmore Group Advisors, LLC performs its advisory services is located at 750 Lexington Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-255-2221 or by fax 646-467-6737. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at highmore.com.