West Side Advisors, LLC (New York)

Name: West Side Advisors, LLC
Address: 1995 Broadway, New York, NY, 10023
Telephone: 212-712-2100

West Side Advisors, LLC is a large advisory firm based in New York. It manages $2.09 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2014.

West Side Advisors provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

West Side Advisors: assets under management

The assets under management (AUM) of West Side Advisors, LLC is $2.09 billion. The firm's AUM has grown by 29% since the beginning of its operation, and $1.71 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.05 billion in discretionary accounts and $39.41 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $170.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $39.41 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay West Side Advisors, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 West Side Advisors serves?

The firm provides services to pooled investment vehicles and banking or thrift institutions. The largest group of clients of West Side Advisors is pooled investment vehicles with 12 clients and $2.05 billion of assets under management. Among the 11 most similar advisory firms, West Side Advisors has the 6th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.09 billion for 13 clients. 62% of the firm’s clients are foreign persons or businesses.

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

Careers at West Side Advisors, LLC

The company employs 10 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
Gary Allan Lieberman	President and managing member	1 Oct 1997	75% - 100%	714605
Tonya Jane Joly	Chief financial officer	1 Aug 2001	Other	4521209
Stewart E Eichner	General counsel, chief compliance officer	1 Jan 2015	Other	4922195

Based in New York

The principal office where West Side Advisors, LLC performs its advisory services is located at 1995 Broadway, New York, NY 10023, 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 212-712-2100 or by fax 212-712-2540. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at wsadv.com.