Schonfeld Strategic Advisors LLC is a large advisory firm based in New York. It manages $13.02 billion of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Connecticut, Florida, and Texas.
Schonfeld Strategic Advisors provides portfolio management for pooled investment vehicles, selection of other advisers, and advisory services to affiliated family office 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.
Schonfeld Strategic Advisors: assets under management
The assets under management (AUM) of Schonfeld Strategic Advisors LLC is $13.02 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 224% since the beginning of its operation, and $32.16 million of the total AUM is attributable to clients outside of the United States.
The firm manages $13.02 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $651.14 million each.
Schonfeld Strategic Advisors has custody of $13.02 billion in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Schonfeld Strategic 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 Andrew Mark Fishman serves?
The only and largest group of clients of Andrew Mark Fishman is pooled investment vehicles with 20 clients and $13.02 billion of assets under management. Among the 7 most similar advisory firms, Schonfeld Strategic Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $13.02 billion for 20 clients. 40% of the firm’s clients are foreign persons or businesses.
Schonfeld Strategic Advisors also advises several private funds. Namely, eighteen hedge funds. The minimum investment commitment required of non-related persons ranges from $3,000,000 to $25,000,000.
Careers at Schonfeld Strategic Advisors LLC
The company employs 123 people that are either part- or full-time employees. 50 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.
Andrew Mark Fishman has been acting as President since 1 Sep 2015. Ryan Andrew Tolkin has served as the Chief Investment Officer since 1 Sep 2015. Steven Bart Schonfeld joined the executive team most recently as the Trustee.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 6 indirect owners.Based in New York
The principal office where Schonfeld Strategic Advisors LLC performs its advisory services is located at 460 Park Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 646 735 9630. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at schonfeld.com.
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