Row Asset Management, LLC is a large advisory firm based in Newport Beach. It manages $1.15 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of California.
Row Asset Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.
The assets under management (AUM) of Row Asset Management, LLC is $1.15 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1025% since the beginning of its operation, and $475 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Row Asset Management, 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 investment companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Row Asset Management is pooled investment vehicles with 12 clients and $1.02 billion of assets under management. Among the 9 most similar advisory firms, Row Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.15 billion for 15 clients. 67% of the firm’s clients are foreign persons or businesses.
Row Asset Management also advises several private funds. Namely, three hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $50,000 to $1,000,000.
The company employs 12 people that are either part- or full-time employees. 42 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 2 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.
The principal office where Row Asset Management, LLC performs its advisory services is located at 450 Newport Center Drive, Newport Beach, CA 92660, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 949-478-8300 or by fax 949-478-7491. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at rowam.com.