Oldfield Partners LLP (London)

Oldfield Partners LLP is a large advisory firm based in London. It manages $4.24 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2010.

Oldfield Partners provides 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.

Oldfield Partners: assets under management

The assets under management (AUM) of Oldfield Partners LLP is $4.24 billion. The firm's AUM has grown by 23% since the beginning of its operation, and $3.34 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $337.34 million in discretionary accounts and $3.91 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $168.67 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $300.44 million.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Oldfield Partners LLP for their services and products based on a percentage of assets under management. 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 Oldfield Partners serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Oldfield Partners is pension and profit sharing plans with 5 clients and $2.08 billion of assets under management. Among the 10 most similar advisory firms, Oldfield Partners has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $3.84 billion for 13 clients. 60% of the firm’s clients are foreign persons or businesses.

Oldfield Partners also advises several private funds. Namely, eight other private funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $3,000,000.

Careers at Oldfield Partners LLP

The company employs 26 people that are either part- or full-time employees. 54 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

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in London

The principal office where Oldfield Partners LLP performs its advisory services is located at 11 Grosvenor Place, London, Sw1 X 7 Hh, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 44 20 7259 1000 or by fax 44 20 7259 1010. The normal business hours are 8 a.m. to 6 p.m. on Monday - Friday. You can find more information about the New York firm at oldfieldpartners.com.

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