Normandy Real Estate Management, LLC (Morristown)

Name: Normandy Real Estate Management, LLC
Address: 53 Maple Avenue, Morristown, NJ, 07960
Telephone: (973)-898-1160

Normandy Real Estate Management, LLC is a large advisory firm based in Morristown. It manages $205.47 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New Jersey.

Normandy Real Estate Management provides 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 also engages as real estate management/property management & devel.

Normandy Real Estate Management: assets under management

The assets under management (AUM) of Normandy Real Estate Management, LLC is $205.47 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -85% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $205.47 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $22.83 million each.

Normandy Real Estate Management has custody of $205.47 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Normandy Real Estate Management, 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.

What kind of clients Normandy Real Estate Management serves?

The only and largest group of clients of Normandy Real Estate Management is pooled investment vehicles with 9 clients and $205.47 million of assets under management. Among the 10 most similar advisory firms, Normandy Real Estate Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $205.47 million for 9 clients. None of the firm’s clients are foreign persons or businesses.

Normandy Real Estate Management also advises several private funds. Namely, nine real estate funds.

Careers at Normandy Real Estate Management, LLC

The company employs 120 people that are either part- or full-time employees. 26 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
David Thomas Welsh	Founder and partner	1 Aug 2004	25% - 50%	4237892
Finn Wentworth	Founder and partner	1 Aug 2004	25% - 50%	6174129
Jeffrey Kirk Gronning	Founder, partner, and chief compliance officer	1 Jan 2010	25% - 50%	2333501
Llc Ud Nrem Investment	Member	1 Apr 2017	Other	90-1021186

Based in Morristown

The principal office where Normandy Real Estate Management, LLC performs its advisory services is located at 53 Maple Avenue, Morristown, NJ 07960, which is also the mailing address of the firm. An additional office of the firm is in Needham, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (973)-898-1160 or by fax (973)-898-1140. The normal business hours are 8:30 am to 5:30pm on Monday - Friday. You can find more information about the New York firm at normandyrealty.com.