Royce & Associates, LP is an investment adviser to an investment company based in New York. It manages $12.99 billion of regulatory assets for 31 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Connecticut, New York, and Texas.
Royce & Associates 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 Royce & Associates, LP is $12.99 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -53% since the beginning of its operation, and $1.2 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Royce & Associates, LP 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 investment companies, charitable organizations, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Royce & Associates is investment companies with 18 clients and $11.09 billion of assets under management. Among the 8 most similar advisory firms, Royce & Associates has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $12.99 billion for 31 clients. 16% of the firm’s clients are foreign persons or businesses.
Royce & Associates also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $5,000,000 to $10,000,000.
The company employs 96 people that are either part- or full-time employees. 28 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
The principal office where Royce & Associates, LP performs its advisory services is located at 745 Fifth Avenue, New York, NY 10151, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-508-4500 or by fax 212-223-8478. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at roycefunds.com.