Lepercq De Neuflize Asset Management LLC (New York)

Name: Lepercq De Neuflize Asset Management LLC
Address: 156 W. 56 Th Street, New York, NY, 10019
Telephone: 212-698-0700

Lepercq De Neuflize Asset Management LLC is a large advisory firm based in New York. It manages $694.26 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2002.

Lepercq De Neuflize Asset Management 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.

Lepercq De Neuflize Asset Management: assets under management

The assets under management (AUM) of Lepercq De Neuflize Asset Management LLC is $694.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 395% since the beginning of its operation, and $656.88 million of the total AUM is attributable to clients outside of the United States.

The firm manages $694.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $115.71 million each.

Investments

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

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lepercq De Neuflize Asset 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.

What kind of clients Lepercq De Neuflize Asset Management serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Lepercq De Neuflize Asset Management is pooled investment vehicles with 5 clients and $692.38 million of assets under management. Among the 10 most similar advisory firms, Lepercq De Neuflize Asset Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $694.26 million for 6 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.

Lepercq De Neuflize Asset Management also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $1,000,000.

Careers at Lepercq De Neuflize Asset Management LLC

The company employs 7 people that are either part- or full-time employees. 57 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.

William Kyle Cleeton joined the executive team most recently as the Co Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Francois Letaconnoux	President, cco	1 Feb 2002	Other	858590
De Neuflize & Co. Incorporated Lepercq	Stockholder	1 Feb 2002	75% - 100%	13-3540080
De Neuflize And Co. Incorporated Lepercq	Stockholder	1 Feb 2002	50% - 75%	13-3540080
Tsering Ngudu	Director, coo, compliance officer	1 Feb 2002	Other	1454706
Peter Gerard Hartnedy	Secretary, treasurer	1 Feb 2002	Other	1316382
De Neuflize/Tocqueville Securities L.P. Lepercq	Stockholder	1 May 2002	25% - 50%	26001
Tocqueville Securities L.P.	Stockholder	1 May 2002	25% - 50%	26001
Debasish Banerjee	Compliance officer	1 Jan 2005	Other	1555979
Jerome Kushnick	Treasurer	1 Apr 2005	Other	1305280
Gwenole Le Blevennec	Chief operating officer	1 Jan 2008	Other	5564268
Gwenole Le Blevennec	Treasurer	1 Jul 2010	Other	5564268
Ryan Michael Tie	Chief investment officer, funds	1 Apr 2014	Other	4822056
Charles Murray Stucke	Chief executive officer	1 Oct 2015	25% - 50%	2768636
Joshua Marc Fremed	Chief operating officer / chief compliance officer	1 Oct 2015	Other	4985772
William Kyle Cleeton	Co-chief investment officer	1 Jun 2019	Other	7148065

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Group Dassault	Shareholder	1 Jan 1968	75% - 100%	foreign
Serge (Nmn) Dassault	Shareholder	1 Apr 1986	25% - 50%	6544139
Nicole Raffel Dassault	Shareholder	1 Apr 1986	25% - 50%	6544823
Lepercq Group Ltd.	Stockholder	1 Sep 1989	50% - 75%	foreign
Inc. Lepercq	Stockholder	1 Sep 1989	75% - 100%	13-3540080
Tocqueville Asset Management Lp	Stockholder	1 May 2002	50% - 75%	105690
Tocqueville Management Corp.	Stockholder	1 May 2002	Other	13-3547559
Inc. Ln Securities	Stockholder	1 May 2002	25% - 50%	2554
Sitam S.A.	Shareholder	1 Apr 2014	25% - 50%	foreign
Lepercq Charitable Foundation	Shareholder	1 May 2015	75% - 100%	foreign
Thomas A. Riboud Seydoux	Director	1 May 2019	75% - 100%	7148761
Rs Uk Holdco Limited	Stockholder	1 Jun 2019	50% - 75%	foreign entity

Based in New York

The principal office where Lepercq De Neuflize Asset Management LLC performs its advisory services is located at 156 W. 56 Th Street, New York, NY 10019, 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 212-698-0700 or by fax 212-262-0155. 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 lepercq.com/?go=lepercq-de-neuflize-asset-management-llc.