Rafferty Asset Management, LLC is a large advisory firm based in New York. It manages $13.79 billion of regulatory assets for 110 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Jersey and New York.
Rafferty Asset Management provides portfolio management for investment companies and 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.
The assets under management (AUM) of Rafferty Asset Management, LLC is $13.79 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3602% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Rafferty Asset Management, LLC 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Lawrence Colin Rafferty is investment companies with 110 clients and $13.78 billion of assets under management. Among the 7 most similar advisory firms, Rafferty Asset Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $13.79 billion for 112 clients. None of the firm’s clients are foreign persons or businesses.
Rafferty Asset Management doesn't advise any private funds.
The company employs 39 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 18 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.
Lawrence Colin Rafferty has been acting as President since 1 Jun 1997. Daniel Dillon O'neill joined the executive team most recently as the Member.
The principal office where Rafferty Asset Management, LLC performs its advisory services is located at 1301 Avenue Of The Americas, New York, NY 10019, 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 646-572-3390 or by fax 646-572-3498. The normal business hours are 9:00 am until 5:00pm on Monday - Friday. You can find more information about the New York firm at direxionfunds.com/.