Broadriver Asset Management, L.P. (New York)

Name: Broadriver Asset Management, L.P.
Address: 350 Fifth Avenue, New York, NY, 10118
Telephone: 212-486-0600

Broadriver Asset Management, L.P. is a large advisory firm based in New York. It manages $1.37 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2011.

Broadriver Asset Management provides 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.

Broadriver Asset Management: assets under management

The assets under management (AUM) of Broadriver Asset Management, L.P. is $1.37 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 584% since the beginning of its operation, and $327.26 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.37 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $341.99 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Broadriver Asset Management, L.P. 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 Broadriver Asset Management serves?

The only and largest group of clients of Broadriver Asset Management is pooled investment vehicles with 4 clients and $1.37 billion of assets under management. Among the 12 most similar advisory firms, Broadriver Asset Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.37 billion for 4 clients. None of the firm’s clients are foreign persons or businesses.

Broadriver Asset Management also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons ranges from $10,000,000 to $150,000,000.

Careers at Broadriver Asset Management, L.P.

The company employs 20 people that are either part- or full-time employees. 35 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
Andrew Howard Plevin	Chief compliance officer	1 Aug 2009	25% - 50%	1691340
Philip Joseph Siller	Co-ceo	1 Aug 2009	25% - 50%	5201012
Andrew Howard Plevin	Limited partner and co-chief executive officer	1 Feb 2011	25% - 50%	1691340
Philip Joseph Siller	Limited partner and co-chief executive officer	1 Feb 2011	25% - 50%	5201012
Llc Bram Gp	General partner	1 Feb 2011	Other	45-1617378
Inc. Bram Gp	General partner	1 Feb 2011	Other	45-1617378
Wendy Ormond	Cco	1 May 2011	Other	5452217
Wendy Ellen Ormond	Chief compliance officer; corporate counsel	1 May 2011	Other	5452217
Andrew Eliot Feldman	Chief legal officer and chief compliance officer	1 Nov 2014	Other	2434802
Emma May Dickson	General counsel and cco	1 Jul 2019	Other	6446437

Based in New York

The principal office where Broadriver Asset Management, L.P. performs its advisory services is located at 350 Fifth Avenue, New York, NY 10118, 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 212-486-0600 or by fax 877-323-7648. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at broadrivercap.com.