Prospect Ridge Advisors LLC (New York)

Prospect Ridge Advisors LLC is a large advisory firm based in New York. It manages $2.04 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of California.

Prospect Ridge Advisors 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.

Prospect Ridge Advisors: assets under management

The assets under management (AUM) of Prospect Ridge Advisors LLC is $2.04 billion. The company doesn't manage any assets belonging to foreign clients.

The firm manages $1.53 billion in discretionary accounts and $505.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $255.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $252.51 million.

Prospect Ridge Advisors has custody of $1.28 billion in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prospect Ridge Advisors LLC 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 Prospect Ridge Advisors serves?

The only and largest group of clients of Prospect Ridge Advisors is pooled investment vehicles with 14 clients and $2.04 billion of assets under management. Among the 12 most similar advisory firms, Prospect Ridge Advisors has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.04 billion for 14 clients. 40% of the firm’s clients are foreign persons or businesses.

Prospect Ridge Advisors also advises several private funds.

Careers at Prospect Ridge Advisors LLC

The company employs 20 people that are either part- or full-time employees. 85 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

Name	Entity	Date acquired	Ownership	Employer ID
Prospect Ridge Midco Llc	Sole member	1 Jul 2018	75% - 100%	61-1898665
Jay Scott Nydick	Co-president	1 Jul 2018	Other	1747033
Adam Jon Brooks	Vice president	1 Jul 2018	Other	2786253
Stephen Joseph Iorio	Vice president	1 Jul 2018	Other	3106113
Hans Erwin Dewitte	Chief compliance officer	1 Jul 2018	Other	4635485
Brahm Stuart Cramer	Co-president	1 Jul 2018	Other	2529009

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Prospect Ridge Management Lp	Managing member	1 Jul 2018	75% - 100%	83-1477228
Prospect Ridge Holdings Llc	General partner	1 Jul 2018	75% - 100%	83-1477228

Based in New York

The principal office where Prospect Ridge Advisors LLC performs its advisory services is located at 888 7 Th Avenue, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-655-7100. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday.