Primary Wave Ip Investment Management LLC (New York)


Primary Wave Ip Investment Management LLC is a large advisory firm based in New York. It manages $360.47 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2017.

Primary Wave Ip Investment Management provides 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.

Primary Wave Ip Investment Management: assets under management

The assets under management (AUM) of Primary Wave Ip Investment Management LLC is $360.47 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 172% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $360.47 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $180.24 million each.
Primary Wave Ip Investment Management has custody of $359.47 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Primary Wave Ip Investment 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 Primary Wave Ip Investment Management serves?

The only and largest group of clients of Primary Wave Ip Investment Management is pooled investment vehicles with 2 clients and $360.47 million of assets under management. Among the 9 most similar advisory firms, Primary Wave Ip Investment Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $360.47 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Primary Wave Ip Investment Management also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Primary Wave Ip Investment Management 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 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.

Pwmp Ventures Llc joined the executive team most recently as the Owner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Pwmp Ventures Llc Owner 1 Jun 2016 75% - 100% 46-2636802
William Genaro Cisneros Owner, president, chief compliance officer 1 Jun 2016 Other 4426849
Lawrence Scott Mestel Chief executive officer 1 Jun 2016 Other 6838202

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Lawrence Scott Mestel Owner 1 Apr 2013 25% - 50% 6838202

Based in New York

The principal office where Primary Wave Ip Investment Management LLC performs its advisory services is located at 116 E 16 Th Street, New York, NY 10003, 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 212-661-6990 or by fax 212-661-8890. The normal business hours are 9:00am- 6:00pm on Monday - Friday. You can find more information about the New York firm at primarywave.com/.