The Praedium Group LLC (New York)


The Praedium Group LLC is a large advisory firm based in New York. It manages $2.12 billion of regulatory assets for 26 client accounts. It has been registered with the SEC as an adviser since 2014.

The Praedium Group 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.

The Praedium Group: assets under management

The assets under management (AUM) of The Praedium Group LLC is $2.12 billion. The firm's AUM has gone down by -32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.9 billion in discretionary accounts and $223.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.25 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $11.75 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Praedium Group 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 The Praedium Group serves?

The only and largest group of clients of The Praedium Group is pooled investment vehicles with 26 clients and $2.12 billion of assets under management. Among the 13 most similar advisory firms, The Praedium Group has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.12 billion for 26 clients. None of the firm’s clients are foreign persons or businesses.

The Praedium Group also advises several private funds. Namely, thirty seven real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $75,000,000.

Careers at The Praedium Group LLC

The company employs 15 people that are either part- or full-time employees. 73 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Albert Floyd Lattin Manager and founding principal 1 Dec 1998 Other 2412461
Lp The Praedium Group Member 1 Dec 1998 50% - 75% 13-4032357
Russell Lewis Appel Manager and founding principal 1 Dec 1998 Other 1689950
Laura Ann Schaffer Vice president and secretary 1 Dec 1998 Other 4897178
The Praedium Group Ii Lp Member 1 Nov 2011 50% - 75% 45-4534976
Ronald William Strobl Vice president, treasurer, chief financial officer and chief compliance officer 1 Feb 2012 Other 2521612
Peter Anthony Calatozzo Vice president and secretary 1 Jun 2014 Other 6473179

Indirect Owners

The SEC currently registers 12 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc Chmra General partners 1 Nov 1998 Other 13-4032354
Russell Lewis Appel Member 1 Nov 1998 75% - 100% 1689950
Llc Afl General partner 1 Nov 1998 Other 13-4058043
Albert Floyd Lattin Member 1 Nov 1998 75% - 100% 2412461
Llc Rapp Limited partner 1 May 1999 50% - 75% 13-4068289
Russell Lewis Appel Member 1 May 1999 75% - 100% 1689950
Llc Flat Limited partner 1 May 1999 25% - 50% 06-4058043
Albert Floyd Lattin Member 1 May 1999 75% - 100% 2412461
Llc Rapp Limited partner 1 Nov 2011 25% - 50% 13-4068289
Llc Chmra General partner 1 Nov 2011 Other 13-4032354
Llc Afl General partner 1 Nov 2011 Other 13-4058043
Llc Flat Limited partner 1 Nov 2011 25% - 50% 06-1554422

Based in New York

The principal office where The Praedium Group LLC performs its advisory services is located at 733 Third Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-224-5600 or by fax 212-224-5698. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at praediumgroup.com and its LinkedIn profile.