Piton Investment Management, LP is a large advisory firm based in New York. It manages $1.35 billion of regulatory assets for 39 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of New York and Texas.
Piton Investment Management provides portfolio management for individuals and small businesses. 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 Piton Investment Management, LP is $1.35 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 688% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Piton Investment Management, LP for their services and products based on a percentage of assets under management. 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.
The only and largest group of clients of Piton Investment Management is high net worth individuals with 7 clients and $17.84 million of assets under management. Among the 10 most similar advisory firms, Piton Investment Management has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $17.84 million for 7 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.
Piton Investment Management doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
Kristopher Robert Konrad has served as the Chief Investment Officer since 1 Jan 2018 and James Patrick Fortescue is the Chief Executive Officer of Piton Investment Management, LP family office. Narasingarao Eswara joined the executive team most recently as the Chief Compliance Officer.
The principal office where Piton Investment Management, LP performs its advisory services is located at 777 Third Avenue, New York, NY 10017, 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 646-518-2800 or by fax 646-518-2801. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at pitonim.com.