Mio Partners, Inc. is a large advisory firm based in New York. It manages $26.23 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2004.
Mio Partners provides financial planning services, portfolio management for pooled investment vehicles, selection of other advisers, and portfolio management for employees securities companies. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mio Partners, Inc. is $26.23 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 685% since the beginning of its operation, and $9.51 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Mio Partners, Inc. for their services and products based on a percentage of assets under management and performance-based fees. 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.
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Timothy J E Church is pooled investment vehicles with 45 clients and $19.75 billion of assets under management. Among the 11 most similar advisory firms, Mio Partners has the 3rd lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $19.75 billion for 262 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 18% of the firm’s clients are foreign persons or businesses.
Mio Partners also advises several private funds. Namely, seven hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.
The company employs 170 people that are either part- or full-time employees. 21 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.
Timothy J E Church has been acting as President since 1 Jan 1998. Lisa Chun joined the executive team most recently as the Chief Compliance Officer.
The principal office where Mio Partners, Inc. performs its advisory services is located at 245 Park Avenue, 13 Th Floor, New York, NY 10167, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-203-4000 or by fax 646-307-6645. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at miopartners.com.