Rubenstein Partners, L.P. is a large advisory firm based in Philadelphia. It manages $1.49 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Georgia, Massachusetts, New York, North Carolina, and Pennsylvania.
Rubenstein Partners 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.
The assets under management (AUM) of Rubenstein Partners, L.P. is $1.49 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 342% since the beginning of its operation, and $36.1 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Rubenstein Partners, L.P. 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.
The only and largest group of clients of Rubenstein Partners is pooled investment vehicles with 5 clients and $1.2 billion of assets under management. Among the 5 most similar advisory firms, Rubenstein Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.2 billion for 5 clients. None of the firm’s clients are foreign persons or businesses.
Rubenstein Partners also advises several private funds. Namely, six real estate funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $1,000,000.
The company employs 52 people that are either part- or full-time employees. 40 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.
The principal office where Rubenstein Partners, L.P. performs its advisory services is located at Cira Centre, 2929 Arch Street, Philadelphia, PA 19104 2868, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 215-563-3558 or by fax 215-563-4110. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at rubensteinpartners.com.