Praxis Partners LLP (London, Greater London)

Name: Praxis Partners LLP
Address: 80 Hammersmith Road, London, Greater London, W14 8 Ud
Telephone: 44-20-7348-3500

Praxis Partners LLP is an adviser based in London, Greater London. It manages $67.7 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018.

Praxis Partners provides 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.

Praxis Partners: assets under management

The assets under management (AUM) of Praxis Partners LLP is $67.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $56.56 million of the total AUM is attributable to clients outside of the United States.

The firm manages $67.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $22.57 million each.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 45% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Praxis Partners LLP 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.

What kind of clients Praxis Partners serves?

The firm provides services to pooled investment vehicles and banking or thrift institutions. The largest group of clients of Praxis Partners is banking or thrift institutions with 5 clients and $53.57 million of assets under management. Among the 2 most similar advisory firms, Praxis Partners has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $67.7 million for 10 clients. 84% of the firm’s clients are foreign persons or businesses.

Praxis Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Praxis Partners LLP

The company employs 8 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Erik Rassmuson	Designated member	1 Feb 2014	Other	3066985
Jonathan Navon	Designated member	1 Feb 2014	Other	2369920
Cf Partners Services (Uk) Limited	Designated member	1 Feb 2014	75% - 100%	foreign entity
James Alex Mcrobbie	Cco	1 Jul 2014	Other	6698058
Rajal Patel	Head of operations	1 Mar 2015	Other	6698059

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Vg Trust And Corporate Services Limited	Shareholder of vg corporate trustee limited	1 Feb 1994	75% - 100%	foreign entity
Vg Holding Limited	Shareholder of vg trust and corporate services limited	1 Sep 2012	75% - 100%	foreign entity
Northern Light Capital Limited	Shareholder of cf partners services (uk) limited	1 Sep 2015	50% - 75%	foreign entity
Dabro Investments Limited	Shareholder of cf partners services (uk) limited	1 Sep 2015	50% - 75%	foreign entity
Northern Light Holdings Limited	Shareholder of northern light capital limited	1 Sep 2015	75% - 100%	foreign entity
Dabro Holdings Limited	Shareholder of dabro investments limited	1 Sep 2015	75% - 100%	foreign entity
Vg Corporate Trustee Limited	Trustee of the rassmuson 2011 settlement	1 Sep 2015	Other	foreign entity

Based in London, Greater London

The principal office where Praxis Partners LLP performs its advisory services is located at 80 Hammersmith Road, London, Greater London, W14 8 Ud, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 44-20-7348-3500 or by fax +44 20 7348 3505. The normal business hours are 8:30am-6:00pm gmt on Monday - Friday. You can find more information about the New York firm at praxisim.com.