Investure, LLC is a large advisory firm based in Charlottesville. It manages $24.61 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Texas and Virginia.
Investure provides portfolio management for individuals and small businesses, 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 doesn't engage in other business activities.
The assets under management (AUM) of Investure, LLC is $24.61 billion. The firm's AUM has grown by 1438% since the beginning of its operation, and $2.66 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Investure, 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 charitable organizations and pooled investment vehicles. The largest group of clients of Alice W Handy is pooled investment vehicles with 18 clients and $13.14 billion of assets under management. Among the 11 most similar advisory firms, Investure has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $23.52 billion for 30 clients. 3% of the firm’s clients are foreign persons or businesses.
Investure also advises several private funds. Namely, eighteen hedge funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $5,000,000.
The company employs 41 people that are either part- or full-time employees. 34 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 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.
Alice W Handy has been acting as President since 1 Dec 2003. Andrew Varnes joined the executive team most recently as the Chief Accounting Officer.
The principal office where Investure, LLC performs its advisory services is located at 126 Garrett Street, Charlottesville, VA 22902, 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 434-220-0280 or by fax 434-220-0285. The normal business hours are 8 a.m. until 6 p.m. on Monday - Friday. You can find more information about the New York firm at investure.com.