Kore Advisors LP (Boynton Beach)
Kore Advisors LP is a large advisory firm based in Boynton Beach. It manages $1.53 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Florida.
Kore Advisors provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and portfolio management for separately managed account. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Kore Advisors: assets under management
The assets under management (AUM) of Kore Advisors LP is $1.53 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 62% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in pooled investment vehicles the most. They account for 59% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 23% of the firm’s portfolio. Investments in other assets form 10% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Kore Advisors LP for their services and products based on a percentage of assets under management, fixed fees, 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 Kore Advisors serves?
The only and largest group of clients of Kore Advisors is pooled investment vehicles with 7 clients and $836 million of assets under management. Among the 11 most similar advisory firms, Kore Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $836 million for 7 clients. None of the firm’s clients are foreign persons or businesses.
Kore Advisors also advises several private funds. Namely, one hedge fund, one real estate fund, and three private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
Careers at Kore Advisors LP
The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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
Indirect Owners
The SEC currently registers 1 indirect owner.Based in Boynton Beach
The principal office where Kore Advisors LP performs its advisory services is located at 1501 Corporate Drive, Boynton Beach, FL 33426, 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 561-737-1721 or by fax 561-737-1722. The normal business hours are 8:00 - 5:30 on Monday - Friday. You can find more information about the New York firm at korecapital.com.
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