Phillimore Investments, LP (Greenwich)

Name: Phillimore Investments, LP
Address: 325 Greenwich Avenue, Greenwich, CT, 06830
Telephone: (212) 389-2573

Phillimore Investments, LP is a large advisory firm based in Greenwich. It manages $415.74 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Connecticut.

Phillimore Investments 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.

Phillimore Investments: assets under management

The assets under management (AUM) of Phillimore Investments, LP is $415.74 million. The firm's AUM has grown by 281% since the beginning of its operation, and $343.91 million of the total AUM is attributable to clients outside of the United States.

The firm manages $115.74 million in discretionary accounts and $300 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $28.93 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $300 million.

Phillimore Investments has custody of $115.74 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

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

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Phillimore Investments, LP 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 Phillimore Investments serves?

The only and largest group of clients of Phillimore Investments is pooled investment vehicles with 4 clients and $115.74 million of assets under management. Among the 9 most similar advisory firms, Phillimore Investments has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $115.74 million for 4 clients. 60% of the firm’s clients are foreign persons or businesses.

Phillimore Investments also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Phillimore Investments, LP

The company employs 7 people that are either part- or full-time employees. 43 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.

Howard Cheng joined the executive team most recently as the Chief Compliance Officer & Chief Risk Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Phillimore Gp	General partner	1 Jun 2017	75% - 100%	82-2008794
Giles Henry Coppel	Chief executive officer	1 Jun 2017	Other	2780722
Gabriel Agop Ovanessian	Chief marketing officer	1 Jun 2017	Other	3189082
Daniel Peter Naccarella	Chief compliance officer	1 Sep 2017	Other	2435085
Howard Cheng	Chief compliance officer & chief risk officer	1 Aug 2019	Other	5953513

Based in Greenwich

The principal office where Phillimore Investments, LP performs its advisory services is located at 325 Greenwich Avenue, Greenwich, CT 06830, 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) 389-2573. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at phillimore.com and its LinkedIn profile.