Aurora Investment Managers, LLC (West Palm Beach)

Name: Aurora Investment Managers, LLC
Address: 801 Northpoint Parkway, West Palm Beach, FL, 33407
Telephone: 617-390-8001

Aurora Investment Managers, LLC is a large advisory firm based in West Palm Beach. It manages $124.56 million of regulatory assets for 313 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and 4 other states.

Aurora Investment Managers provides portfolio management for individuals and small businesses 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.

Aurora Investment Managers: assets under management

The assets under management (AUM) of Aurora Investment Managers, LLC is $124.56 million. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $85.67 million in discretionary accounts and $38.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $291.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.05 million.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Aurora Investment Managers, LLC for their services and products based on a percentage of assets under management. 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 Aurora Investment Managers serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Aurora Investment Managers is high net worth individuals with 16 clients and $66.66 million of assets under management. Among the 7 most similar advisory firms, Aurora Investment Managers has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $124.56 million for 201 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Aurora Investment Managers doesn't advise any private funds.

Careers at Aurora Investment Managers, LLC

The company employs 2 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Shakeel [Nmn] Dewji	Managing member/chief compliance officer	1 Jan 2008	75% - 100%	4170483
Shakeel Dewji	Managing member/chief compliance officer	1 Jan 2008	75% - 100%	4170483

Based in West Palm Beach

The principal office where Aurora Investment Managers, LLC performs its advisory services is located at 801 Northpoint Parkway, West Palm Beach, FL 33407, 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 617-390-8001 or by fax 617-845-0385. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at auroraim.com/.