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Clarion Operating, LLC (New York)


Clarion Operating, LLC is a large advisory firm based in New York. It manages $296.77 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2013.

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Clarion Operating 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.

Clarion Operating: assets under management

The assets under management (AUM) of Clarion Operating, LLC is $296.77 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.


The firm manages $296.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.92 million each.
Clarion Operating has custody of $271.92 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clarion Operating, LLC 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.

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc Clarion Operating Gp General partner 1 Dec 2012 Other 46-0643826
Marc Alan Utay Managing member 1 Dec 2012 50% - 75% 1174530
Eric D Kogan Managing member 1 Dec 2012 Other 1399827
Eric D Kogan Limited partner 1 Jan 2013 25% - 50% 1399827

Based in New York

The principal office where Clarion Operating, LLC performs its advisory services is located at 110 East 59 Th Street, New York, NY 10022, 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 212-821-0170 or by fax 212-371-7597. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at www.clarion-capital.com.


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