Pingora Asset Management, LLC (Denver)
Pingora Asset Management, LLC is a large advisory firm based in Denver. It manages $1.91 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Colorado.
Pingora Asset Management 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.
Pingora Asset Management: assets under management
The assets under management (AUM) of Pingora Asset Management, LLC is $1.91 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 255% since the beginning of its operation, and $57.85 million of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in non-exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is other assets, which make up 42% of the firm’s portfolio.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Pingora Asset Management, 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 Pingora Asset Management serves?
The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Pingora Asset Management is pooled investment vehicles with 9 clients and $1.26 billion of assets under management. Among the 10 most similar advisory firms, Pingora Asset Management has the 5th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.91 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.
Pingora Asset Management also advises several private funds. Namely, six other private funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $50,000,000.
Careers at Pingora Asset Management, LLC
The company employs 24 people that are either part- or full-time employees. 96 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
Indirect Owners
The SEC currently registers 25 indirect owners.Based in Denver
The principal office where Pingora Asset Management, LLC performs its advisory services is located at 1819 Wazee Street, Denver, CO 80202 1782, 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 (720) 475-1292. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at pingorafund.com.
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