Courant Investment Management LLC (Austin)

Name: Courant Investment Management LLC
Address: 1142 Lost Creek Boulevard, Austin, TX, 78746
Telephone: 512-774-5042

Courant Investment Management LLC is a large advisory firm based in Austin. It manages $154.71 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Texas.

Courant 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.

Courant Investment Management: assets under management

The assets under management (AUM) of Courant Investment Management LLC is $154.71 million. The firm's AUM has grown by 504% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $122.45 million in discretionary accounts and $32.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $122.45 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.06 million.

Courant Investment Management has custody of $154.71 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 50% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Courant Investment Management 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 Courant Investment Management serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Courant Investment Management is pooled investment vehicles with 1 clients and $122.45 million of assets under management. Among the 10 most similar advisory firms, Courant Investment Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $154.71 million for 2 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.

Courant Investment Management 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 Courant Investment Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Claude [Nmn] Leveille	Managing member, chief compliance officer	1 Apr 2010	75% - 100%	5791587
Claude Leveille	Managing member, chief compliance officer	1 Apr 2010	75% - 100%	5791587

Based in Austin

The principal office where Courant Investment Management LLC performs its advisory services is located at 1142 Lost Creek Boulevard, Austin, TX 78746, 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 512-774-5042 or by fax 888-841-3405. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at courantinvestment.com.