Waterfall Asset Management, LLC is a large advisory firm based in New York. It manages $8.94 billion of regulatory assets for 43 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of New York and Texas.
Waterfall Asset Management provides 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.
The assets under management (AUM) of Waterfall Asset Management, LLC is $8.94 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 20991% since the beginning of its operation, and $5.79 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Waterfall Asset Management, 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.
The firm provides services to insurance companies, investment companies, and pooled investment vehicles. The largest group of clients of Waterfall Asset Management is pooled investment vehicles with 20 clients and $7.09 billion of assets under management. Among the 9 most similar advisory firms, Waterfall Asset Management has the 4th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $8.28 billion for 35 clients. 37% of the firm’s clients are foreign persons or businesses.
Waterfall Asset Management also advises several private funds. Namely, seven hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
The company employs 137 people that are either part- or full-time employees. 51 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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 Waterfall Asset Management, LLC performs its advisory services is located at 1251 Avenue Of The Americas, New York, NY 10020, 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 212-257-4600 or by fax 212-257-4699. The normal business hours are 9:00 a.m - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at waterfallam.com.