Red Hook Management LLC (Morristown)

Red Hook Management LLC is a large advisory firm based in Morristown. It manages $300.55 million of regulatory assets for 235 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Louisiana, New Jersey, and New York.

Red Hook Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Red Hook Management: assets under management

The assets under management (AUM) of Red Hook Management LLC is $300.55 million. The firm's AUM has grown by 267% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $284.6 million in discretionary accounts and $15.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.96 million.

Investments

The firm invests in other assets the most. They account for 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Red Hook Management LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Red Hook Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Red Hook Management is high net worth individuals with 38 clients and $235.92 million of assets under management. Among the 10 most similar advisory firms, Red Hook Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $300.55 million for 84 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.

Red Hook Management also advises several private funds. Namely, one private equity fund.

Careers at Red Hook Management LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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 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

Based in Morristown

The principal office where Red Hook Management LLC performs its advisory services is located at 65 Madison Avenue, Morristown, NJ 07960, 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 973-998-6345 or by fax 973-695-1420. 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 redhookmgmt.com.

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