Investure, LLC (Charlottesville)

Name: Investure, LLC
Address: 126 Garrett Street, Charlottesville, VA, 22902
Telephone: 434-220-0280

Investure, LLC is a large advisory firm based in Charlottesville. It manages $24.61 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Texas and Virginia.

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

Investure: assets under management

The assets under management (AUM) of Investure, LLC is $24.61 billion. The firm's AUM has grown by 1438% since the beginning of its operation, and $2.66 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $14.05 billion in discretionary accounts and $10.57 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $438.98 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $754.72 million.

Investure has custody of $14.65 billion in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 91% of the total AUM. The second-largest asset type is government bonds, which make up 5% of the firm’s portfolio. Investments in investment and business development companies form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Investure, LLC 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.

What kind of clients Alice W Handy serves?

The firm provides services to charitable organizations and pooled investment vehicles. The largest group of clients of Alice W Handy is pooled investment vehicles with 18 clients and $13.14 billion of assets under management. Among the 11 most similar advisory firms, Investure has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $23.52 billion for 30 clients. 3% of the firm’s clients are foreign persons or businesses.

Investure also advises several private funds. Namely, eighteen hedge funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $5,000,000.

Careers at Investure, LLC

The company employs 41 people that are either part- or full-time employees. 34 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Alice W Handy has been acting as President since 1 Dec 2003. Andrew Varnes joined the executive team most recently as the Chief Accounting Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alice Warner Handy	Managing member	1 Dec 2003	25% - 50%	2443627
Alice W Handy	President	1 Dec 2003	75% - 100%	2443627
William Hanson West	Member	1 Jan 2004	Other	2380960
Charles Pollard Cocke	Member	1 Jan 2004	Other	4522520
William Epamin Vastardis	Outsourced financial officer	1 Jan 2004	Other	1567393
Bruce Ashton Miller	Member	1 Mar 2004	Other	4917410
Bruce A. Miller	Manager	1 Mar 2004	Other	4917410
Ronald E Wilhelm	Chief compliance officer	1 Oct 2004	Other	3128094
Edward Patrick Meissner	Chief operating officer	1 Nov 2004	Other	4917435
Puja Seam	General counsel	1 Feb 2012	Other	4242591
Richard Matthew Eng	Chief compliance officer, chief operating officer	1 Mar 2012	Other	5069900
Andriy Shapowal	Member	1 Jan 2013	Other	6160699
Chad Ryan Morgan	Member	1 Jan 2015	Other	3113607
Jonathan Warren Hill	Member	1 Jan 2016	Other	4430031
Puja Seam	Member/general counsel	1 Jan 2016	Other	4242591
Alexander Joel Swartz	Chief compliance officer	1 Mar 2017	Other	6772656
Andrew Varnes	Chief accounting officer	1 Jan 2018	Other	6901091
Bruce Ashton Miller	Member/chief executive officer	1 Jan 2018	Other	4917410
Puja Seam	Member/general counsel/chief operating officer	1 Jan 2018	Other	4242591

Based in Charlottesville

The principal office where Investure, LLC performs its advisory services is located at 126 Garrett Street, Charlottesville, VA 22902, 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 434-220-0280 or by fax 434-220-0285. The normal business hours are 8 a.m. until 6 p.m. on Monday - Friday. You can find more information about the New York firm at investure.com.