Central Park Advisers, LLC (New York)

Name: Central Park Advisers, LLC
Address: 805 Third Avenue, 18 Th Floor, New York, NY, 10022
Telephone: 212-317-9200

Central Park Advisers, LLC is a large advisory firm based in New York. It manages $2.28 billion of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2007.

Central Park Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Central Park Advisers: assets under management

The assets under management (AUM) of Central Park Advisers, LLC is $2.28 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1221% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.28 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $95.12 million each.

Central Park Advisers has custody of $846.09 million in cash and securities for 19 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Central Park Advisers, 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 Central Park Advisers serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Central Park Advisers is investment companies with 5 clients and $1.44 billion of assets under management. Among the 7 most similar advisory firms, Central Park Advisers has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.28 billion for 24 clients. None of the firm’s clients are foreign persons or businesses.

Central Park Advisers also advises several private funds. Namely, four hedge funds, three real estate funds, and twelve private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.

Careers at Central Park Advisers, LLC

The company employs 36 people that are either part- or full-time employees. 28 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
Michael Nmn Mascis	Chief financial officer and chief compliance officer, elected manager	1 Aug 2006	Other	4637814
Gregory Paul Brousseau	Co-chief executive officer and co-chief investment officer, elected manager	1 Aug 2006	Other	1058913
Mitchell Alan Tanzman	Co-chief executive officer and co-chief investment officer, elected manager	1 Aug 2006	Other	1987895
Ruth Smith Goodstein	Chief operating officer, elected manager	1 Aug 2006	Other	1394268
Llc Central Park Group	Managing member	1 Aug 2006	75% - 100%	20-4816629
Michael Mascis	Chief compliance officer	1 Aug 2006	Other	4637814
Ruth Smith Goodstein	Coo	1 Sep 2006	Other	1394268
Seth Louis Pearlstein	Chief compliance officer	1 Oct 2015	Other	5403521

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mitchell Alan Tanzman	Member and elected manager	1 May 2006	Other	1987895
Gregory Paul Brousseau	Member and elected manager	1 May 2006	Other	1058913
Steven Guterman	Elected manager	1 May 2006	Other	1832827
Kenneth Coleman Whitney	Elected manager	1 Dec 2006	Other	1866026
Andrew Mark Fishman	Elected manager	1 Dec 2006	Other	2172475
James Benjamin Hawkes	Elected manager	1 May 2008	Other	1788327
Edward Eliphalet Potter	Elected manager	1 Jan 2010	Other	1542054
Harold Singleton	Elected manager	1 Dec 2011	Other	2385655

Based in New York

The principal office where Central Park Advisers, LLC performs its advisory services is located at 805 Third Avenue, 18 Th Floor, New York, NY 10022, 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 212-317-9200 or by fax 212-813-1543. The normal business hours are 8:30 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at centralparkgroup.com/.