Cowen Investment Advisors, LLC is a large advisory firm based in New York. It manages $849.5 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2018.
Cowen Investment Advisors provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and advise proprietary securities portfolios. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cowen Investment Advisors, LLC is $849.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -34% since the beginning of its operation, and $471.57 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Cowen Investment Advisors, 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Cowen Investment Advisors is pooled investment vehicles with 15 clients and $614.85 million of assets under management. Among the 5 most similar advisory firms, Cowen Investment Advisors has the lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $811.73 million for 17 clients. 60% of the firm’s clients are foreign persons or businesses.
Cowen Investment Advisors also advises several private funds. Namely, nine hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $10,000 to $1,000,000.
The company employs 49 people that are either part- or full-time employees. 10 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.
The principal office where Cowen Investment Advisors, LLC performs its advisory services is located at 599 Lexington Ave., New York, NY 10022, 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 646-562-1010. 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 cowen.com.