New Generation Advisors, LLC is a large advisory firm based in Manchester. It manages $750.67 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Massachusetts and Virginia.
New Generation 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 New Generation Advisors, LLC is $750.67 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 50% since the beginning of its operation, and $420.26 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay New Generation Advisors, 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 only and largest group of clients of New Generation Advisors is pooled investment vehicles with 3 clients and $750.67 million of assets under management. Among the 9 most similar advisory firms, New Generation Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $750.67 million for 3 clients. 66% of the firm’s clients are foreign persons or businesses.
New Generation Advisors also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $1,000,000.
The company employs 13 people that are either part- or full-time employees. 54 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 7 people 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 New Generation Advisors, LLC performs its advisory services is located at 13 Elm Street, Manchester, MA 01944 1366, which is also the mailing address of the firm. An additional office of the firm is in Charlottesville, VA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 978-704-6200 or by fax 978-704-6210. 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 newgenerationadvisors.com.