Rafferty Asset Management, LLC (New York)

Name: Rafferty Asset Management, LLC
Address: 1301 Avenue Of The Americas, New York, NY, 10019
Telephone: 646-572-3390

Rafferty Asset Management, LLC is a large advisory firm based in New York. It manages $13.79 billion of regulatory assets for 110 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Jersey and New York.

Rafferty Asset Management provides portfolio management for investment companies 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.

Rafferty Asset Management: assets under management

The assets under management (AUM) of Rafferty Asset Management, LLC is $13.79 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3602% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $13.79 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $125.36 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Rafferty Asset Management, LLC 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 Lawrence Colin Rafferty serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Lawrence Colin Rafferty is investment companies with 110 clients and $13.78 billion of assets under management. Among the 7 most similar advisory firms, Rafferty Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $13.79 billion for 112 clients. None of the firm’s clients are foreign persons or businesses.

Rafferty Asset Management doesn't advise any private funds.

Careers at Rafferty Asset Management, LLC

The company employs 39 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 18 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.

Lawrence Colin Rafferty has been acting as President since 1 Jun 1997. Daniel Dillon O'neill joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence Colin Rafferty	Chairman	1 Jun 1997	Other	1170304
Timothy Peter Hagan	Vice president	1 Jun 1997	Other	1161381
Philip Arthur Harding	Managing director	1 Jun 1997	Other	1666309
Stephen Packard Sprague	Vice president	1 Jun 1997	Other	2516579
Jay Francis Higgins	Member	1 Jun 1997	Other	245369
Rafferty Holdings Llc	Member	1 Jan 1999	25% - 50%	2363413
Daniel Dillon O'neill	Managing director	1 Jun 1999	Other	4387480
Mark Daniel Edwards	Vice president	1 Jan 2000	Other	4387485
Timothy Peter Hagan	Chief compliance officer	1 Sep 2004	Other	1161381
Karin Louie	Ass. chief compliance off.	1 Jan 2007	Other	1560884
Todd Kenneth Warren	Chief compliance officer	1 Jan 2007	Other	5084058
Bernard Frize	Chief compliance officer	1 Nov 2008	Other	2366022
Andrew Mcclary Heath	Assistant cco	1 Nov 2008	Other	1596015
Llc Minakian Partners	Member	1 May 2009	25% - 50%	27-1774550
Patrick James Rudnick	Chief financial officer	1 May 2010	Other	6035334
Angela Mary Brickl	General counsel	1 Oct 2010	Other	4604359
Angela Mary Brickl	Chief compliance officer & general counsel	1 Sep 2012	Other	4604359
Barbara Rafferty Grat	Member	1 Jan 2013	Other	13-3946966
Eric Walter Falkeis	Chief operating officer	1 May 2013	Other	4133585
Brian Jacobs	President	1 Mar 2014	Other	1240138
Robert Damian Nestor	President	1 Apr 2018	Other	2147586
Gst Fbo Kathleen Rafferty Hay & Heirs	Member	1 Jan 2019	Other	83-6672130
Gst Fbo Michael Rafferty & Heirs	Member	1 Jan 2019	Other	83-6668053
Daniel Dillon O'neill	Member	1 Feb 2019	Other	4387480

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence Colin Rafferty	Member	1 Jan 1995	25% - 50%	1170304
Michael Lawrence Rafferty	Member	1 Jan 1999	25% - 50%	2363413
Kathleen Rafferty Hay	Member	1 Nov 2000	25% - 50%	5045127
Daniel Dillon O'neill	Member	1 May 2009	75% - 100%	4387480
Joseph Paul Cipolla	Officer	1 Jan 2019	Other	4177659
Inc. Rafferty Servicing	Non-member manager	1 Jan 2019	Other	13-3734602

Based in New York

The principal office where Rafferty Asset Management, LLC performs its advisory services is located at 1301 Avenue Of The Americas, New York, NY 10019, 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 646-572-3390 or by fax 646-572-3498. The normal business hours are 9:00 am until 5:00pm on Monday - Friday. You can find more information about the New York firm at direxionfunds.com/.