Fny Investment Advisers, LLC (New York)

Name: Fny Investment Advisers, LLC
Address: 90 Park Avenue, New York, NY, 10016
Telephone: (212) 848-0600

Fny Investment Advisers, LLC is a large advisory firm based in New York. It manages $3.06 billion of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Florida.

Fny Investment Advisers provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fny Investment Advisers: assets under management

The assets under management (AUM) of Fny Investment Advisers, LLC is $3.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 37% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.53 billion each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fny Investment Advisers, 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.

What kind of clients Fny Investment Advisers serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Fny Investment Advisers is pooled investment vehicles with 1 clients and $3.06 billion of assets under management. Among the 9 most similar advisory firms, Fny Investment Advisers has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.06 billion 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.

Fny Investment Advisers also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Fny Investment Advisers, LLC

The company employs 175 people that are either part- or full-time employees. 71 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
Llc Fny Holdings	Member	1 Mar 2018	75% - 100%	82-4559021
Shawn Fischman	Chief compliance officer	1 Mar 2018	Other	5797185
Michele Gesser	Chief risk officer	1 Mar 2018	Other	3117103
Sandro M Polverino	Chief technology officer	1 Mar 2018	Other	3241733
Donald Eric Motschwiller	Managing member, ceo and chair of the investment committee	1 Mar 2018	Other	1454120
Donna Ann Errigo	Chief operations officers and chief financial officer	1 Mar 2018	Other	2352318
Ferdinand M Di Maria	Chief risk officer	1 Oct 2018	Other	4775818

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Lawrence Friedman	Member and executive board member	1 Mar 2018	25% - 50%	214675

Based in New York

The principal office where Fny Investment Advisers, LLC performs its advisory services is located at 90 Park Avenue, New York, NY 10016, which is also the mailing address of the firm. An additional office of the firm is in West Palm Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (212) 848-0600. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at firstny.com/.