Resource Financial Fund Management, Inc. (New York)


Resource Financial Fund Management, Inc. is a large advisory firm based in New York. It manages $212.74 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Pennsylvania.

Resource Financial Fund 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.

Resource Financial Fund Management: assets under management

The assets under management (AUM) of Resource Financial Fund Management, Inc. is $212.74 million. The firm's AUM has gone down by -92% since the beginning of its operation, and $193 million of the total AUM is attributable to clients outside of the United States.

The firm manages $19.74 million in discretionary accounts and $193 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.82 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $38.6 million.
Resource Financial Fund Management has custody of $19.74 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Resource Financial Fund Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Frank Mcmurry Garrison serves?

The only and largest group of clients of Frank Mcmurry Garrison is pooled investment vehicles with 12 clients and $212.74 million of assets under management. Among the 12 most similar advisory firms, Resource Financial Fund Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $212.74 million for 12 clients. 41% of the firm’s clients are foreign persons or businesses.

Resource Financial Fund Management also advises several private funds. Namely, seven private equity funds and five securitized asset funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $10,000,000.

Careers at Resource Financial Fund Management, Inc.

The company employs 22 people that are either part- or full-time employees. 18 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.

Frank Mcmurry Garrison has been acting as President since 1 Sep 2016. C Iii Capital Partners Llc joined the executive team most recently as the Sole Shareholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Resource America Sole shareholder 1 May 2002 75% - 100% 72-0654145
Jonathan Cohen Chairman & chief executive officer 1 May 2002 Other 4874035
Jeffrey Dean Blomstrom President & managing director 1 Sep 2003 Other 4399686
Darshan Vishnu Patel Vice president, chief legal officer, chief compliance officer & secretary 1 Oct 2004 Other 4477767
Tom Elliott Senior vice president & chief financial officer 1 Nov 2004 Other 4885673
Thomas Charles Elliott Senior vice president & director 1 Nov 2004 Other 4885673
Andrew Parker Shook Senior vice president & managing director 1 Nov 2004 Other 2305850
Christopher Dillon Allen Senior vice president & managing director 1 Nov 2004 Other 4504457
Shivan Govindan Vice president 1 Nov 2004 Other 2778980
Jeffrey Farrell Brotman Executive vice president 1 Nov 2008 Other 5622158
David Grove Stafford Vice president & asst. general counsel 1 Jan 2010 Other 6705156
Brian Stephen Hawkins Senior vice president & chief financial officer 1 Jan 2012 Other 2945829
Jeffrey Patrick Cohen Chief executive officer & director 1 Sep 2016 Other 4054078
Lawrence Steven Block Senior vice president 1 Sep 2016 Other 3006613
Frank Mcmurry Garrison Director 1 Sep 2016 Other 1044606

Indirect Owners

The SEC currently registers 17 indirect owners.

Name Entity Date acquired Ownership Employer ID
Andrew Lawrence Farkas Member 1 Jul 2003 75% - 100% 2364566
Island Capital Group Llc Member 1 Oct 2009 75% - 100% 36-4525612
Island C Iii Directives Llc Managing member 1 Nov 2009 Other 27-1134955
Island C Iii Holdings Llc Member 1 Feb 2010 25% - 50% 27-0457936
Island C Iii Manager Llc Manager 1 Feb 2010 Other 27-1895025
Andrew Lawrence Farkas Member of board of managers 1 Feb 2010 Other 2364566
Jeffrey Patrick Cohen Member of board of managers 1 Feb 2010 Other 4054078
Frank Mcmurry Garrison Member of board of managers 1 Feb 2010 Other 1044606
Sid B Reisman Member of board of managers 1 Feb 2010 Other 5892645
Sidney Joseph Reisman Member of board of managers 1 Feb 2010 Other 5892645
Anubis Advisors Llc Member 1 Mar 2010 75% - 100% 27-2019792
Island Capital Group Llc Member 1 Mar 2010 75% - 100% 36-4525612
Island C Iii Directives Ii Llc Managing member 1 May 2010 Other 27-2594582
Island Capital Group Llc Member 1 May 2010 75% - 100% 36-4525612
Island C Iii Holdings Ii Llc Member 1 May 2010 25% - 50% 27-2594913
Michael Gershon Jesselson Member of board of managers 1 May 2012 Other 1030833
C Iii Capital Partners Llc Sole shareholder 1 Sep 2016 75% - 100% 27-1892368

Based in New York

The principal office where Resource Financial Fund Management, Inc. performs its advisory services is located at 712 5 Th Avenue, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in Philadelphia, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-506-3899 or by fax 215-561-6246. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at trapezafunding.com.