Central Park Advisers, LLC is a large advisory firm based in New York. It manages $2.28 billion of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2007.
Central Park Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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 Central Park Advisers, LLC is $2.28 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1221% 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 Central Park Advisers, 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 investment companies and pooled investment vehicles. The largest group of clients of Central Park Advisers is investment companies with 5 clients and $1.44 billion of assets under management. Among the 7 most similar advisory firms, Central Park Advisers has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $2.28 billion for 24 clients. None of the firm’s clients are foreign persons or businesses.
Central Park Advisers also advises several private funds. Namely, four hedge funds, three real estate funds, and twelve private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.
The company employs 36 people that are either part- or full-time employees. 28 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 Central Park Advisers, LLC performs its advisory services is located at 805 Third Avenue, 18 Th Floor, New York, NY 10022, 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 212-317-9200 or by fax 212-813-1543. The normal business hours are 8:30 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at centralparkgroup.com/.