Baffin Advisors LLC (Rye Brook)

Name: Baffin Advisors LLC
Address: 800 Westchester Ave., Rye Brook, NY, 10573
Telephone: 914-371-2992

Baffin Advisors LLC is a mid-sized advisory firm based in Rye Brook. It manages $92.21 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of New York.

Baffin Advisors provides portfolio management for individuals and small businesses and 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.

Baffin Advisors: assets under management

The assets under management (AUM) of Baffin Advisors LLC is $92.21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 576% since the beginning of its operation, and $84.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $92.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.42 million each.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Baffin Advisors LLC for their services and products based on a percentage of assets under management. 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 Baffin Advisors serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Baffin Advisors is high net worth individuals with 16 clients and $84.13 million of assets under management. Among the 6 most similar advisory firms, Baffin Advisors has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $92.21 million for 17 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 73% of the firm’s clients are foreign persons or businesses.

Baffin Advisors doesn't advise any private funds.

Careers at Baffin Advisors 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. No 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

Name	Entity	Date acquired	Ownership	Employer ID
Baffin Capital Group Llc	Member	1 Jul 2009	75% - 100%	27-0595402

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Martin Salvador Anidjar	Manager	1 Jul 2009	50% - 75%	3188053
Luis R Secco	Member	1 Jul 2009	25% - 50%	5705283

Based in Rye Brook

The principal office where Baffin Advisors LLC performs its advisory services is located at 800 Westchester Ave., Rye Brook, NY 10573 The mailing address of the firm is 500 Mamaroneck Ave., Harrison, NY 10528. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-371-2992 or by fax 914-371-6742. The normal business hours are 9am-6pm on Monday - Friday. You can find more information about the New York firm at baffinadvisors.com/.