Valueworks LLC (New York City)

Name: Valueworks LLC
Address: One World Trade, New York City, NY, 10007
Telephone: 212-819-1818

Valueworks LLC is a large advisory firm based in New York City. It manages $169.73 million of regulatory assets for 158 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Arizona, California, and 5 other states.

Valueworks 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.

Valueworks: assets under management

The assets under management (AUM) of Valueworks LLC is $169.73 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 126% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $169.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.07 million each.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Valueworks 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 Valueworks serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Valueworks is individuals with 89 clients and $67.83 million of assets under management. Among the 11 most similar advisory firms, Valueworks has the 6th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $169.73 million for 158 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Valueworks also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Valueworks LLC

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Charles Spencer Lemonides	Chief compliance officer	1 Oct 2001	75% - 100%	1394147
Zell Isaac Steven	Coo	1 Jun 2008	Other	6931615

Based in New York City

The principal office where Valueworks LLC performs its advisory services is located at One World Trade, New York City, NY 10007, 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 212-819-1818 or by fax 212-819-1463. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at valueworksllc.com and its LinkedIn profile.