Ruane, Cunniff & Goldfarb L.P. (New York)

Name: Ruane, Cunniff & Goldfarb L.P.
Address: 9 West 57 Th Street, New York, NY, 10019
Telephone: 212-832-5280

Ruane, Cunniff & Goldfarb L.P. is a large advisory firm based in New York. It manages $10.66 billion of regulatory assets for 1,556 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Ruane, Cunniff & Goldfarb provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ruane, Cunniff & Goldfarb: assets under management

The assets under management (AUM) of Ruane, Cunniff & Goldfarb L.P. is $10.66 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and $31.79 million of the total AUM is attributable to clients outside of the United States.

The firm manages $10.66 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.85 million each.

Ruane, Cunniff & Goldfarb has custody of $50.41 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ruane, Cunniff & Goldfarb L.P. for their services and products based on a percentage of assets under management. 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 Ruane, Cunniff & Goldfarb serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ruane, Cunniff & Goldfarb is investment companies with 1 clients and $3.81 billion of assets under management. Among the 13 most similar advisory firms, Ruane, Cunniff & Goldfarb has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $10.66 billion for 1,557 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.

Ruane, Cunniff & Goldfarb doesn't advise any private funds.

Careers at Ruane, Cunniff & Goldfarb L.P.

The company employs 66 people that are either part- or full-time employees. 39 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
Rcg Gp Llc	General partner	1 Nov 2016	Other	61-1808430
Cunniff & Goldfarb Inc. Ruane	Limited partner	1 Nov 2016	75% - 100%	3994
Michael Nachum Sloyer	Cco & general counsel	1 Nov 2016	Other	5489166
John Brooks Harris	Managing director	1 Nov 2016	Other	3271614
David Martin Poppe	Managing director	1 Nov 2016	Other	1600359
Wendy Dearholt Goodrich	Executive vice president	1 Nov 2016	Other	5255000
Patrick Lewis Dennis	Chief financial officer	1 Nov 2017	Other	6583737

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert David Goldfarb	Shareholder	1 Nov 2005	25% - 50%	224217
David Martin Poppe	Ceo & president	1 Nov 2005	Other	1600359
Michael Nachum Sloyer	General counsel & cco	1 Jan 2014	Other	5489166
Wendy D Goodrich	Executive vice president	1 Nov 2016	Other	5255000
David Martin Poppe	Management committee member	1 Feb 2018	Other	1600359
Michael Nachum Sloyer	Chief compliance officer	1 Feb 2018	Other	5489166
Wendy Dearholt Goodrich	Executive vice president	1 Feb 2018	Other	5255000
John Brooks Harris	Managing partner	1 Feb 2018	Other	3271614
Gregory Alexander	Management committee member	1 Feb 2018	Other	1545329
Patrick Lewis Dennis	Executive vice president and chief financial officer	1 Feb 2018	Other	6583737

Based in New York

The principal office where Ruane, Cunniff & Goldfarb L.P. performs its advisory services is located at 9 West 57 Th Street, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-832-5280 or by fax 212-832-5298. 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 ruanecunniff.com.