Icg Advisors, LLC (Los Angeles)

Name: Icg Advisors, LLC
Address: 11111 Santa Monica Boulevard, Los Angeles, CA, 90025
Telephone: 424-270-8900

Icg Advisors, LLC is a large advisory firm based in Los Angeles. It manages $4.71 billion of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California and New York.

Icg Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and administrative services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Icg Advisors: assets under management

The assets under management (AUM) of Icg Advisors, LLC is $4.71 billion. The firm's AUM has grown by 67% since the beginning of its operation, and $55.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $564.98 million in discretionary accounts and $4.15 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $70.62 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $60.13 million.

Icg Advisors has custody of $250.03 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 63% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in exchange traded securities form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Icg 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 Blenner H Jonathan serves?

The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Blenner H Jonathan is high net worth individuals with 65 clients and $3.46 billion of assets under management. Among the 11 most similar advisory firms, Icg Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.69 billion for 76 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.

Icg Advisors also advises several private funds. Namely, two hedge funds, one real estate fund, and three other private funds. The minimum investment commitment required of non-related persons ranges from $38,500 to $5,000,000.

Careers at Icg Advisors, LLC

The company employs 20 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 2 people 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.

Blenner H Jonathan has been acting as President since 1 Jan 2009. Allison Virginia Petchenick joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Thomas Oneill	Member	1 Oct 2002	75% - 100%	2820875
Joseph Jeffrey Assaf	Member	1 Jul 2008	75% - 100%	1428157
Diana V. Bouch	Chief compliance officer	1 Jan 2009	Other	4346261
Blenner H Jonathan	Director	1 Jan 2009	Other	5764718
Robert Benjamin Edelstein	Managing director	1 Jan 2009	Other	5582141
Diana L. Vega Bouch	Chief compliance officer	1 Jan 2009	Other	4346261
Pippy Corp.	Owner	1 Jan 2015	75% - 100%	47-1371216
Allison Virginia Petchenick	Chief compliance officer	1 Apr 2016	Other	4276657

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Jeffrey Assaf	Trustee	1 Mar 2005	75% - 100%	1428157
Cecelia Marie Assaf	Trustee	1 Mar 2005	75% - 100%	6777454
The Assaf Family Trust Dtd 3/24/2005	Owner	1 Jan 2015	75% - 100%	xxx-xx-xxxx

Based in Los Angeles

The principal office where Icg Advisors, LLC performs its advisory services is located at 11111 Santa Monica Boulevard, Los Angeles, CA 90025, 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 424-270-8900 or by fax 424-270-8921. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at icgadvisors.com.