Tolis Advisors, LP (New York)

Name: Tolis Advisors, LP
Address: 447 Broadway, New York, NY, 10013 2562
Telephone: 646-863-6120

Tolis Advisors, LP is a large advisory firm based in New York. It manages $517.88 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2014.

Tolis Advisors 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.

Tolis Advisors: assets under management

The assets under management (AUM) of Tolis Advisors, LP is $517.88 million. The firm's AUM has grown by 361% since the beginning of its operation, and $467.43 million of the total AUM is attributable to clients outside of the United States.

The firm manages $514.86 million in discretionary accounts and $3.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $171.62 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.02 million.

Tolis Advisors has custody of $50.45 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tolis Advisors, LP 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 Tolis Advisors serves?

The only and largest group of clients of Tolis Advisors is pooled investment vehicles with 4 clients and $517.88 million of assets under management. Among the 11 most similar advisory firms, Tolis Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $517.88 million for 4 clients. 90% of the firm’s clients are foreign persons or businesses.

Tolis Advisors also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Tolis Advisors, LP

The company employs 8 people that are either part- or full-time employees. 63 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

Name	Entity	Date acquired	Ownership	Employer ID
Eric David Banks	C0-cio, portfolio manager and managing member of tolis advisors gp,llc, limited partner	1 Dec 2007	50% - 75%	3214294
Llc Tolis Advisors Gp	General partner	1 Dec 2007	Other	11-3831170
Spencer H. Parker	Co-chief investment officer & portfolio manager, limited partner	1 Oct 2012	Other	4211110
Salvatore Louis Puliafico	Chieif operating officer/chief financial officer/chief compliance officer, limited partner	1 Dec 2012	Other	2250356
Jerome Michael Thomas	Head of business development & investor relations	1 Mar 2013	Other	2773719
Ron Portnoy	Trading & portfolio management, limited partner	1 Sep 2014	Other	4559797

Based in New York

The principal office where Tolis Advisors, LP performs its advisory services is located at 447 Broadway, New York, NY 10013 2562, 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 646-863-6120 or by fax 917-599-0407. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at tolisadvisors.com.