Ivy Investment Management Company is a large advisory firm based in Overland Park. It manages $67.78 billion of regulatory assets for 142 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Kansas, Louisiana, and Texas.
Ivy Investment Management Company 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 Ivy Investment Management Company is $67.78 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1623% since the beginning of its operation, and $152.98 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ivy Investment Management Company 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 insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael Durwood Strohm is investment companies with 91 clients and $65.44 billion of assets under management. Among the 11 most similar advisory firms, Ivy Investment Management Company has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $67.54 billion for 133 clients. 1% of the firm’s clients are foreign persons or businesses.
Ivy Investment Management Company also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.
The company employs 145 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Michael Durwood Strohm has been acting as President since 1 Dec 2002. Daniel Partner Hanson joined the executive team most recently as the Senior Vice President, Chief Investment Officer.
The principal office where Ivy Investment Management Company performs its advisory services is located at 6300 Lamar Avenue, Overland Park, KS 66202, 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 913-236-2000. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at ivyfunds.com.