Peconic Partners LLC is a large advisory firm based in New York. It manages $368.23 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New York.
Peconic Partners provides portfolio management for individuals and small businesses, 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 Peconic Partners LLC is $368.23 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3435% 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 Peconic Partners 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 high net worth individuals and pooled investment vehicles. The largest group of clients of Peconic Partners is pooled investment vehicles with 3 clients and $257.58 million of assets under management. Among the 11 most similar advisory firms, Peconic Partners has the 5th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $322.06 million for 8 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Peconic Partners also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.
The company employs 13 people that are either part- or full-time employees. 46 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.
The principal office where Peconic Partners LLC performs its advisory services is located at 599 Lexington Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in East Quogue, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-904-0440 or by fax 212-935-6547. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at peconic.com.