Formula Growth Management Corp (New York)

Name: Formula Growth Management Corp
Address: 1 Rockefeller Plaza, New York, NY, 10020
Telephone: 917-265-8286

Formula Growth Management Corp is a large advisory firm based in New York. It manages $1.45 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2017.

Formula Growth Management Corp provides portfolio management for pooled investment vehicles and separately managed accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Formula Growth Management Corp: assets under management

The assets under management (AUM) of Formula Growth Management Corp is $1.45 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 85% since the beginning of its operation, and $1.28 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.45 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $161.35 million each.

Formula Growth Management Corp has custody of $1.29 billion in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 39% of the firm’s portfolio. Investments in government bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Formula Growth Management Corp 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 John Philip Liddy serves?

The only and largest group of clients of John Philip Liddy is pooled investment vehicles with 8 clients and $1.29 billion of assets under management. Among the 7 most similar advisory firms, Formula Growth Management Corp has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.29 billion for 8 clients. 78% of the firm’s clients are foreign persons or businesses.

Formula Growth Management Corp also advises several private funds.

Careers at Formula Growth Management Corp

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

John Philip Liddy has been acting as President since 1 Jan 2005. Randall William Kelly joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Philip Liddy	President/director	1 Jan 2005	Other	5109363
Randall William Kelly	Director	1 Jan 2005	Other	5109353
Formula Growth International Limited	Owner	1 Jan 2005	75% - 100%	1142807149
Josyd Inc.	Owner	1 Jan 2005	75% - 100%	1142807149
Argirios John Kiriazidis	Vp operations/ chief compliance officer	1 Dec 2010	Other	6707982

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Philip Liddy	Shareholder	1 Jul 2013	25% - 50%	5109363
Randall William Kelly	Shareholder	1 Jul 2013	25% - 50%	5109353

Based in New York

The principal office where Formula Growth Management Corp performs its advisory services is located at 1 Rockefeller Plaza, 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 917-265-8286. The normal business hours are 9am - 5.30pm on Monday - Friday. You can find more information about the New York firm at formulagrowth.ca.