Wl Ross & Co. LLC (New York)

Wl Ross & 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.

Wl Ross &: assets under management

The assets under management (AUM) of Wl Ross & Co. LLC is $2.38 billion. The firm's AUM has gone down by -34% since the beginning of its operation, and $1.19 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.01 billion in discretionary accounts and $372.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $77.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $186.33 million.

Wl Ross & has custody of $2.36 billion in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wl Ross & Co. LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Wl Ross & serves?

The firm provides services to insurance companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Wl Ross & is pooled investment vehicles with 19 clients and $2.28 billion of assets under management. Among the 10 most similar advisory firms, Wl Ross & has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.38 billion for 28 clients. 32% of the firm’s clients are foreign persons or businesses.

Wl Ross & also advises several private funds. Namely, seventeen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Wl Ross & Co. LLC

The company employs 40 people that are either part- or full-time employees. 33 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 25 indirect owners.

Based in New York

The principal office where Wl Ross & Co. LLC performs its advisory services is located at 1166 Avenue Of The Americas, New York, NY 10036, 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 212-826-1100 or by fax 212-317-4892. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at invesco.com/portal/site/us/institutions/wlross.

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