Comvest Advisors LLC is a large advisory firm based in West Palm Beach. It manages $3.37 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Florida, Illinois, and New York.
Comvest Advisors provides portfolio management for pooled investment vehicles. 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 Comvest Advisors LLC is $3.37 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 176% since the beginning of its operation, and $149.87 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Comvest Advisors LLC 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 only and largest group of clients of Comvest Advisors is pooled investment vehicles with 17 clients and $3.37 billion of assets under management. Among the 11 most similar advisory firms, Comvest Advisors has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $3.37 billion for 17 clients. 6% of the firm’s clients are foreign persons or businesses.
Comvest Advisors also advises several private funds. Namely, seventeen private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.
The company employs 73 people that are either part- or full-time employees. 66 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.
The principal office where Comvest Advisors LLC performs its advisory services is located at Cityplace Tower, West Palm Beach, FL 33401, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 561-727-2000 or by fax 561-727-2100. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at comvest.com.