Tiedemann Advisors, LLC (New York)

Name: Tiedemann Advisors, LLC
Address: 520 Madison Avenue, New York, NY, 10022
Telephone: 212-396-5900

Tiedemann Advisors, LLC is a large advisory firm based in New York. It manages $13.92 billion of regulatory assets for 407 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Connecticut, and 16 other states.

Tiedemann Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tiedemann Advisors: assets under management

The assets under management (AUM) of Tiedemann Advisors, LLC is $13.92 billion. The firm's AUM has grown by 13% since the beginning of its operation, and $201.58 million of the total AUM is attributable to clients outside of the United States.

The firm manages $11.57 billion in discretionary accounts and $2.35 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $35.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $28.97 million.

Tiedemann Advisors has custody of $4.85 billion in cash and securities for 370 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 28% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in exchange traded securities form 22% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tiedemann Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Craig Lindsay Smith serves?

The firm provides services to charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Craig Lindsay Smith is high net worth individuals with 374 clients and $12.34 billion of assets under management. Among the 7 most similar advisory firms, Tiedemann Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $13.92 billion for 407 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Tiedemann Advisors also advises several private funds. Namely, ten hedge funds, one real estate fund, one other private fund, and six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $2,000,000.

Careers at Tiedemann Advisors, LLC

The company employs 115 people that are either part- or full-time employees. 70 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.

Craig Lindsay Smith has been acting as President since 1 Jan 2008. Eric Arthur Russell joined the executive team most recently as the Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Tiedemann Wealth Management Holdings	Member	1 Jan 2008	75% - 100%	75-326119
Michael Glenn Tiedemann	Chief executive officer & chief investment officer	1 Jan 2008	Other	2427684
Christopher John Welch	Chief financial officer	1 Jan 2008	Other	4523624
Craig Lindsay Smith	President	1 Jan 2008	Other	5555425
Kevin Patrick Moran	Chief compliance officer/general counsel/chief operating officer	1 Apr 2008	Other	4013476

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Yvesandre Istel	Manager	1 Jan 2008	Other	255652
Craig Lindsay Smith	Manager	1 Sep 2009	Other	5555425
Michael Glenn Tiedemann	Manager	1 Sep 2009	Other	2427684
Brodie Lyle Cobb	Manager	1 Sep 2016	Other	2286448
Nicholas Andrew Merrick	Manager	1 Oct 2016	Other	2479124
Eric Arthur Russell	Manager	1 Jan 2018	Other	1823278

Based in New York

The principal office where Tiedemann Advisors, LLC performs its advisory services is located at 520 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Bethesda, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-396-5900 or by fax 212-396-8772. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at tiedemannadvisors.com.