Algonquin Advisors LLC is a large advisory firm based in Greenwich. It manages $212.1 million of regulatory assets for 27 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 3 other states.
Algonquin Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, and research on investment managers. 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 Algonquin Advisors LLC is $212.1 million. The firm's AUM has grown by 268% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Algonquin Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Roger Marment is pooled investment vehicles with 8 clients and $121.52 million of assets under management. Among the 9 most similar advisory firms, Algonquin Advisors has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $198.02 million for 21 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.
Algonquin Advisors also advises several private funds. Namely, one hedge fund, one other private fund, and three private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.
The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Roger Marment has been acting as President since 1 Apr 2004. Jonathan Clay Jennings joined the executive team most recently as the Unaffiliated Party.
The principal office where Algonquin Advisors LLC performs its advisory services is located at One Greenwich Office Park North, Greenwich, CT 06831, 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 203-629-2114 or by fax 203-629-7074. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at algadv.com.