Edgewood Management LLC (New York)

Name: Edgewood Management LLC
Address: 535 Madison Avenue, New York, NY, 10022 4214
Telephone: 212-652-9100

Edgewood Management LLC is a large advisory firm based in New York. It manages $25.04 billion of regulatory assets for 1,171 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Arizona, California, and 33 other states.

Edgewood Management provides portfolio management for individuals and small businesses, 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.

Edgewood Management: assets under management

The assets under management (AUM) of Edgewood Management LLC is $25.04 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 705% since the beginning of its operation, and $5.4 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $25.04 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $21.39 million each.

Edgewood Management has custody of $1.77 billion in cash and securities for 207 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Edgewood 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.

What kind of clients Edgewood Management serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Edgewood Management is investment companies with 1 clients and $11.87 billion of assets under management. Among the 9 most similar advisory firms, Edgewood Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $25.04 billion for 1,171 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Edgewood Management also advises several private funds.

Careers at Edgewood Management LLC

The company employs 35 people that are either part- or full-time employees. 31 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 compensates 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

Name	Entity	Date acquired	Ownership	Employer ID
Donna M Colon	Secretary & member of board of managers	1 Jan 2006	Other	4341767
Alan Whitman Breed	President & managing member of board of managers	1 Jan 2006	Other	1552569
Fausto Rotundo	Chief financial officer, member of board of managers, chief operating officer	1 Jan 2006	Other	4341782
Alexander Manouchehr Farman Farmaian	Vice chairman & member	1 Jan 2006	Other	1817919
Peter Howard Jennison	Member	1 Jan 2006	Other	1483594
Inc. Edgewood Management Company I	Member	1 Jan 2006	75% - 100%	22-2032238
Donna Marie Colon	Secretary & member of board of managers	1 Jan 2006	Other	4341767
Fausto Nmn Rotundo	Chief financial officer, member of board of managers, chief operating officer	1 Jan 2006	Other	4341782
Lawrence Gardiner Creel	Board of managers	1 Jan 2006	Other	1435905
Nicholas Andrew Stephens	Board of managers	1 Jan 2006	Other	1574180
Kevin Ryan Seth	Board of managers	1 Jan 2006	Other	1444529
James William Carrier	Board of managers	1 Jan 2006	Other	1442262
Olivia Fleming	Chief compliance officer	1 Jan 2013	Other	4493233
Olivia Ann Fleming	Chief compliance officer	1 Jan 2013	Other	4493233

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Alan Whitman Breed	President, managing director & stockholder	1 Feb 1994	25% - 50%	1552569

Based in New York

The principal office where Edgewood Management LLC performs its advisory services is located at 535 Madison Avenue, New York, NY 10022 4214, 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 212-652-9100 or by fax 212-652-9101. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at edgewood.com.