Edgewood Management LLC is a large advisory firm based in New York. It manages $25.04 billion of regulatory assets for 1,171 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Arizona, California, and 33 other states.
Edgewood Management provides portfolio management for individuals and small businesses, 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 Edgewood Management LLC is $25.04 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 705% since the beginning of its operation, and $5.4 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Edgewood Management 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.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Edgewood Management is investment companies with 1 clients and $11.87 billion of assets under management. Among the 9 most similar advisory firms, Edgewood Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $25.04 billion for 1,171 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.
Edgewood Management also advises several private funds.
The company employs 35 people that are either part- or full-time employees. 31 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 are 4 people 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.
The principal office where Edgewood Management LLC performs its advisory services is located at 535 Madison Avenue, New York, NY 10022 4214, 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 212-652-9100 or by fax 212-652-9101. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at edgewood.com.