Cion Investment Management, LLC (New York)

Name: Cion Investment Management, LLC
Address: 3 Park Avenue, New York, NY, 10016
Telephone: 212-418-4700

Cion Investment Management, LLC is a large advisory firm based in New York. It manages $1.91 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012.

Cion Investment Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cion Investment Management: assets under management

The assets under management (AUM) of Cion Investment Management, LLC is $1.91 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6596% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.91 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.91 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cion Investment 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.

What kind of clients Howard Todd Widra serves?

The only and largest group of clients of Howard Todd Widra is business development companies with 1 clients and $1.91 billion of assets under management. Among the 10 most similar advisory firms, Cion Investment Management has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $1.91 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Cion Investment Management doesn't advise any private funds.

Careers at Cion Investment Management, LLC

The company employs 18 people that are either part- or full-time employees. 67 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.

Howard Todd Widra has been acting as President since 1 Jul 2017. L.P. Apollo Investment Management joined the executive team most recently as the Member Series C Interests.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Gatto	Co-ceo, director	1 Sep 2011	Other	5596285
Michael Adam Reisner	Co-ceo, director	1 Sep 2011	Other	4672941
Keith Scott Franz	Managing director and cfo	1 Sep 2011	Other	5864502
Gregory Michael Schill	Managing director	1 Sep 2011	Other	4981266
Llc Cion Investment Group	Member - series a interests	1 Sep 2011	75% - 100%	45-3275112
Mark Nmn Gatto	Co-president, co-ceo, director	1 Sep 2011	Other	5596285
Charalampos Stavros Giovani	Managing director and chief credit officer	1 Sep 2011	Other	2819744
Llc Icon Investment Group	Member - series a interests	1 Sep 2011	75% - 100%	45-3275112
Joel Saul Kress	Senior managing director	1 Sep 2011	Other	6019189
Gregory M. Schill	Managing director	1 Sep 2011	Other	4981266
Michael Robert Manley	General counsel, chief compliance officer, secretary	1 Oct 2011	Other	6019191
Sean Richard Connor	Managing director	1 Nov 2011	Other	6019182
David John Verlizzo	Chief compliance officer	1 Aug 2013	Other	6273576
Llc Noic Ventures	Member - series b interests	1 Dec 2013	75% - 100%	46-4348065
Stephen Roman	Chief compliance officer	1 Feb 2016	Other	6630227
Gregg Alan Bresner	President and chief investment officer	1 Apr 2016	Other	2528209
Howard Todd Widra	Director	1 Jul 2017	Other	6321407
L.P. Apollo Investment Management	Member - series c interests	1 Jul 2017	75% - 100%	130610

Indirect Owners

The SEC currently registers 24 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Acc Management	General partner	1 Feb 2004	Other	20-0836200
L.P. Apollo Management Holdings	Limited partner	1 Feb 2004	75% - 100%	20-8351069
Leon David Black	Shareholder	1 Aug 2007	25% - 50%	847662
L.P. Apollo Capital Management	Sole member-manager	1 Aug 2007	Other	143161
Llc Apollo Capital Management Gp	General partner	1 Aug 2007	Other	20-8350720
L.P. Apollo Management Holdings	Sole member-manager	1 Aug 2007	Other	20-8351017
L.P. Ap Professional Holdings	Limited partner	1 Aug 2007	50% - 75%	98-0541993
Llc Apollo Management Holdings Gp	General partner	1 Aug 2007	Other	20-8350720
Llc Apollo Global Management	Sole shareholder	1 Aug 2007	75% - 100%	20-8880053
Apo Corp.	Limited partner	1 Aug 2007	25% - 50%	20-8880200
Ltd. Brh Holdings Gp	General partner	1 Aug 2007	Other	98-0547533
L.P. Brh Holdings	Limited partner	1 Aug 2007	75% - 100%	98-0541994
Marc Jeffrey Rowan	Shareholder	1 Aug 2007	25% - 50%	1410799
Joshua Jordan Harris	Shareholder	1 Aug 2007	25% - 50%	1593925
L.P. Black Family Partners	Limited partner	1 Aug 2007	25% - 50%	26-0194398
L.P. Mjh Partners	Limited partner	1 Aug 2007	25% - 50%	26-0664903
Llc Mjr Foundation	Limited partner	1 Aug 2007	25% - 50%	82-0649720
Mark Gatto	Shareholder	1 Mar 2008	25% - 50%	5596285
Michael Adam Reisner	Shareholder	1 Mar 2008	25% - 50%	4672941
L.P. Amh Holdings (Cayman)	Limited partner	1 Oct 2012	75% - 100%	98-1077143
Ltd. Amh Holdings Gp	General partner	1 Oct 2012	Other	98-1077138
Mark Gatto	Member series b	1 Jan 2013	25% - 50%	5596285
Michael Adam Reisner	Member series b	1 Jan 2013	25% - 50%	4672941
Warrenton Capital Corp.	Member series a	1 Jan 2013	75% - 100%	45-1574252

Based in New York

The principal office where Cion Investment Management, LLC performs its advisory services is located at 3 Park Avenue, New York, NY 10016, 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 212-418-4700 or by fax 212-418-4739. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at cioninvestments.com.