Parplus Partners LLC (New York)
Parplus Partners LLC is a large advisory firm based in New York. It manages $118.03 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2017.
Parplus Partners 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.
Parplus Partners: assets under management
The assets under management (AUM) of Parplus Partners LLC is $118.03 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 273% since the beginning of its operation, and $12.47 million of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Parplus Partners LLC for their services and products based on 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 Parplus Partners serves?
The only and largest group of clients of Parplus Partners is pooled investment vehicles with 3 clients and $118.03 million of assets under management. Among the 10 most similar advisory firms, Parplus Partners has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $118.03 million for 3 clients. 67% of the firm’s clients are foreign persons or businesses.
Parplus Partners 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 Parplus Partners LLC
The company employs 5 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.
Parplus Partners LLC is owned by Addison Miles Sollog. James W Carney joined the executive team most recently as the Member And Manager.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 6 indirect owners.Based in New York
The principal office where Parplus Partners LLC performs its advisory services is located at One World Trade Center, New York, NY 10007, 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 1 917 261 4855 or by fax 1 917 261 4858. The normal business hours are 8am -5pm on Monday - Friday. You can find more information about the New York firm at parpluspartners.com.
Registered investment advisers similar to Parplus Partners LLC
- Baltimore Capital Management
- Intelligent Financial Strategies
- Cbg & Company
- New Perspectives
- The Professional Financial Company
- Seattle Wealth Management
- Arco Capital Management
- Stg Capital Management
- Clariden Asset Management New York
- Pruneyard Financial Group
- Cook David & Associates
- Work Optional
- 3 D Wealth Advisors
- Yoffe Investment Management
- Wynwood Capital