Convoy Investments, LLC (Rego Park)

Name: Convoy Investments, LLC
Address: 62 60 99 Th Street #1023, Rego Park, NY, 11374
Telephone: 302-319-3659

Convoy Investments, LLC is a mid-sized advisory firm based in Rego Park. It manages $41.11 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

Convoy Investments provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and portfolio management for family offices. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Convoy Investments: assets under management

The assets under management (AUM) of Convoy Investments, LLC is $41.11 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 137% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $41.11 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.28 million each.

Convoy Investments has custody of $6.21 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Convoy Investments, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Convoy Investments serves?

The only and largest group of clients of Convoy Investments is pooled investment vehicles with 1 clients and $6 million of assets under management. Among the 2 most similar advisory firms, Convoy Investments has the 0th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Convoy Investments also advises several private funds. Namely, one hedge fund.

Careers at Convoy Investments, LLC

The company employs 2 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Howard Wang	Member, chief investment officer and co-chief executive officer	1 Jul 2012	50% - 75%	6452082
Wenquan Wu	Member, co-chief executive officer and chief compliance officer	1 Jul 2012	25% - 50%	6452083
Howard Wang	Chief investment officer and co-chief executive officer	1 Mar 2014	50% - 75%	6452082
Wenquan Wu	Co-chief executive officer and chief compliance officer	1 Mar 2014	25% - 50%	6452083

Based in Rego Park

The principal office where Convoy Investments, LLC performs its advisory services is located at 62 60 99 Th Street #1023, Rego Park, NY 11374, 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 302-319-3659 or by fax 270-817-0032. The normal business hours are 9am - 6 pm on Monday - Friday. You can find more information about the New York firm at convoyinvestments.com.