Grove International Partners LLP (New York)

Name: Grove International Partners LLP
Address: 340 Madison Avenue, New York, NY, 10173
Telephone: 212-710-7875

Grove International Partners LLP is a large advisory firm based in New York. It manages $1.41 billion of regulatory assets for 33 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Grove International Partners 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.

Grove International Partners: assets under management

The assets under management (AUM) of Grove International Partners LLP is $1.41 billion. The firm's AUM has gone down by -17% since the beginning of its operation, and $1.24 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $921.26 million in discretionary accounts and $486.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $36.85 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $60.76 million.

Grove International Partners has custody of $1.19 billion in cash and securities for 34 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Grove International Partners LLP 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 Grove International Partners serves?

The only and largest group of clients of Grove International Partners is pooled investment vehicles with 33 clients and $1.41 billion of assets under management. Among the 12 most similar advisory firms, Grove International Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.41 billion for 33 clients. 74% of the firm’s clients are foreign persons or businesses.

Grove International Partners also advises several private funds. Namely, twenty one real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at Grove International Partners LLP

The company employs 20 people that are either part- or full-time employees. 55 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
Richard Evans Georgi	Managing partner	1 Oct 2004	Other	2270220
Markus Hens	Partner	1 Oct 2004	Other	6024056
Red Bull Investments L.L.C.	Partner	1 Jan 2007	25% - 50%	20-0249899
John Mchugh	Partner/cco	1 Jan 2008	Other	6024039
Benjamin Jamron	Partner	1 Jan 2012	Other	6024043
Jamron Properties Inc.	Partner	1 Jan 2012	Other	11-2675937
Michael Francis Profenius	Partner	1 May 2012	Other	2398071
David Dias Coelho	Partner	1 Jan 2013	Other	4589077
Fabian Christian Godbersen	Partner	1 Jan 2013	Other	6179881
Michael Paul Bidinger	Partner	1 Jan 2014	Other	2771013
Jeremy A Heckerling	Chief compliance officer	1 Jul 2014	Other	3219112
David William Ziegler	Chief financial officer, partner	1 Aug 2014	Other	6393092
Jay Kwan	Partner	1 Jan 2015	Other	6621607
Krzysztof Augustynowicz	Chief compliance officer	1 Jan 2017	Other	6749208
Rohit Nmn Wanchoo	Limited liability partner	1 Jan 2017	Other	6777527
Blue Hawk Holding B.V.	Limited liability partner	1 Feb 2018	Other	858485035

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Benjamin Jamron	Shareholder	1 Jan 1983	75% - 100%	6024043
Richard Evans Georgi	Member	1 May 2007	75% - 100%	2270220
Trust Richard E. Georgi Iii	Member	1 May 2007	75% - 100%	xxx-xx-xxxx
Richard Evans Georgi	Shareholder	1 Jul 2009	75% - 100%	2270220
Brown Bison Management Inc.	Trustee	1 Mar 2011	75% - 100%	27-0620149
Harald Alexander Wassink	Director	1 Feb 2018	75% - 100%	6932763

Based in New York

The principal office where Grove International Partners LLP performs its advisory services is located at 340 Madison Avenue, New York, NY 10173, 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 212-710-7875 or by fax 212-710-9930. The normal business hours are 9am - 5 pm on Monday - Friday. You can find more information about the New York firm at groveinvestors.com.