Kinneret Advisory, LLC (New York)

Name: Kinneret Advisory, LLC
Address: 126 E 56 Th Street, New York, NY, 10022
Telephone: 646-519-4333

Kinneret Advisory, LLC is a large advisory firm based in New York. It manages $1.18 billion of regulatory assets for 85 client accounts. It has been registered with the SEC as an adviser since 2012.

Kinneret Advisory provides 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 doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kinneret Advisory: assets under management

The assets under management (AUM) of Kinneret Advisory, LLC is $1.18 billion. The firm's AUM has grown by 1082% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $829.72 million in discretionary accounts and $352.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.38 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.33 million.

Kinneret Advisory has custody of $888.8 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in investment and business development companies form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kinneret Advisory, 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 Kinneret Advisory serves?

The firm provides services to other investment advisers and pooled investment vehicles. The largest group of clients of Kinneret Advisory is pooled investment vehicles with 6 clients and $795.47 million of assets under management. Among the 8 most similar advisory firms, Kinneret Advisory has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.18 billion for 7 clients. None of the firm’s clients are foreign persons or businesses.

Kinneret Advisory also advises several private funds. Namely, three hedge funds and three other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Kinneret Advisory, LLC

The company employs 13 people that are either part- or full-time employees. 77 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
Mony "Nmn" Rueven	Managing member, chief executive officer and chief compliance officer	1 Feb 2011	25% - 50%	2015499
Daniel Sam Rueven	Managing member	1 Feb 2011	25% - 50%	5773711
Elizabeth J.A. Rueven	Member	1 Feb 2011	Other	6142245
Elana Jessie Rueven	Member	1 Feb 2011	Other	6142248
Llc Gfo Ii	Owner	1 Jan 2014	25% - 50%	26-2563006
John Andrew Lindholm	Chief compliance officer, general counsel, and chief operating officer	1 May 2015	Other	4873450

Based in New York

The principal office where Kinneret Advisory, LLC performs its advisory services is located at 126 E 56 Th Street, New York, NY 10022, 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 646-519-4333. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at kinneretgroup.com.