Inherent Group, LP (New York)

Name: Inherent Group, LP
Address: 510 Laguardia Place, New York, NY, 10012
Telephone: 646-494-0202

Inherent Group, LP is a large advisory firm based in New York. It manages $551.22 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Inherent Group 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.

Inherent Group: assets under management

The assets under management (AUM) of Inherent Group, LP is $551.22 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 366% since the beginning of its operation, and $69.42 million of the total AUM is attributable to clients outside of the United States.

The firm manages $551.22 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $91.87 million each.

Inherent Group has custody of $22.9 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 30% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 28% of the firm’s portfolio. Investments in exchange traded securities form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Inherent Group, LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Inherent Group serves?

The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Inherent Group is pooled investment vehicles with 3 clients and $357.4 million of assets under management. Among the 11 most similar advisory firms, Inherent Group has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $551.22 million for 6 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 33% of the firm’s clients are foreign persons or businesses.

Inherent Group also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Inherent Group, LP

The company employs 13 people that are either part- or full-time employees. 69 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.

Llc Inherent Holdings joined the executive team most recently as the Limited Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Anthony Lynn Davis	Chief executive officer	1 Aug 2017	75% - 100%	2931436
Michael Aaron Ellis	Managing director, chief operating officer, chief compliance officer	1 Aug 2017	Other	6877094
Llc Inherent Group Gp	General partner	1 Aug 2017	Other	82-2893021
Danielle "Nmn" Schaefer Klyap	Chief financial officer	1 Jan 2018	Other	5273631
Llc Inherent Holdings	Limited partner	1 Mar 2018	75% - 100%	82-4988172

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Anthony Lynn Davis	Managing member	1 Jan 2018	50% - 75%	2931436
Ald 2018 Gst Trust	Managing member	1 Mar 2018	50% - 75%	xxx-xx-xxxx

Based in New York

The principal office where Inherent Group, LP performs its advisory services is located at 510 Laguardia Place, New York, NY 10012, 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 646-494-0202. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at inherentgroup.com.