Springowl Associates LLC is a large advisory firm based in New York. It manages $183.45 million of regulatory assets for 44 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of New Hampshire and New York.
Springowl Associates provides portfolio management for individuals and small businesses 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 Springowl Associates LLC is $183.45 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -34% since the beginning of its operation, and $81.08 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Springowl Associates 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.
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Barry Arnold Konig is pooled investment vehicles with 5 clients and $71.04 million of assets under management. Among the 12 most similar advisory firms, Springowl Associates has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $87.69 million for 28 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 14% of the firm’s clients are foreign persons or businesses.
Springowl Associates also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people 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.
Barry Arnold Konig has been acting as President since 1 Nov 2013. John Kevin Lewis joined the executive team most recently as the Chief Financial Officer.
The principal office where Springowl Associates LLC performs its advisory services is located at 767 Third Avenue, New York, NY 10017, 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 212-445-7800 or by fax 212-445-7801. The normal business hours are 9:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at aderinv.com.