16 Th Amendment Advisors LLC (New York)
16 Th Amendment Advisors LLC is a large advisory firm based in New York. It manages $130.51 million of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida, New York, South Carolina, and Tennessee.
16 Th Amendment Advisors provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
16 Th Amendment Advisors: assets under management
The assets under management (AUM) of 16 Th Amendment Advisors LLC is $130.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2800% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in state and local bonds the most. They account for 100% of the total AUM.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay 16 Th Amendment Advisors LLC for their services and products based on a percentage of assets under management, fixed fees, 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 16 Th Amendment Advisors serves?
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of 16 Th Amendment Advisors is high net worth individuals with 35 clients and $89.56 million of assets under management. Among the 10 most similar advisory firms, 16 Th Amendment Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $130.51 million for 36 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.
16 Th Amendment Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
Careers at 16 Th Amendment Advisors LLC
The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 8 indirect owners.Based in New York
The principal office where 16 Th Amendment Advisors LLC performs its advisory services is located at One Rockefeller Plaza, New York, NY 10020, 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 212-332-1600 or by fax 212-332-1601. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at 16thadvisors.com.
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