Wl Ross & Co. LLC (New York)


Wl Ross & Co. LLC is a large advisory firm based in New York. It manages $2.38 billion of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

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Wl Ross & 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.

Wl Ross &: assets under management

The assets under management (AUM) of Wl Ross & Co. LLC is $2.38 billion. The firm's AUM has gone down by -34% since the beginning of its operation, and $1.19 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $2.01 billion in discretionary accounts and $372.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $77.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $186.33 million.
Wl Ross & has custody of $2.36 billion in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wl Ross & Co. LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wl Ross & serves?

The firm provides services to insurance companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Wl Ross & is pooled investment vehicles with 19 clients and $2.28 billion of assets under management. Among the 10 most similar advisory firms, Wl Ross & has the 2nd highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $2.38 billion for 28 clients. 32% of the firm’s clients are foreign persons or businesses.

Wl Ross & also advises several private funds. Namely, seventeen private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Wl Ross & Co. LLC

The company employs 40 people that are either part- or full-time employees. 33 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Wilbur Louis Ross Chairman and chief strategy officer 1 Mar 2000 Other 405262
Michael John Gibbons Chief financial officer / treasurer 1 Jul 2002 Other 4819725
Michael J Gibbons Chief financial officer/treasurer 1 Jul 2002 Other 1950840
Inc. Invesco Private Capital Sole member 1 Oct 2006 75% - 100% 107584
Jeffrey Howard Kupor Secretary 1 Oct 2006 Other 3070180
Invesco Private Capital Inc Sole shareholder 1 Oct 2006 75% - 100% 107584
Todd Lawrence Spillane Chief compliance officer 1 Jan 2007 Other 1884586
Scott Alan Trapani Chief compliance officer 1 Mar 2009 Other 4243871
Lisa Lee Gray Chief compliance officer 1 Jul 2013 Other 3048858
Gregory Stoeckle Senior managing director, co-leader 1 May 2014 Other 5211758
Stephen James Toy Senior managing director, co-leader 1 May 2014 Other 2971774
Nancy Wang Chief compliance officer 1 May 2015 Other 6136954
Michael Ian Meotti Chief financial officer 1 Jan 2016 Other 5613959
Nicholas Tsoudis Chief compliance officer 1 Jun 2016 Other 4783339
Stephen William Swanson Secretary 1 Mar 2018 Other 1723258
Richard Lee Phegley Chief financial officer 1 Aug 2018 Other 7004718
Joshua Evan Levit Chief compliance officer 1 Sep 2018 Other 6601366

Indirect Owners

The SEC currently registers 25 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Ivz Sole stockholder of invesco group services, inc. 1 Feb 1997 75% - 100% 58-2287224
Inc. Invesco Holding Company (Us) Sole stockholder of invesco group services, inc. 1 Feb 1997 75% - 100% 58-2287224
Inc Avz Sole shareholder 1 Feb 1997 75% - 100% 58-2287224
Amvescap Plc Sole stockholder 1 Feb 1997 75% - 100% united kingdom
Invesco Plc Sole stockholder 1 Feb 1997 75% - 100% united kingdom
Inc Ivz Sole shareholder 1 Feb 1997 75% - 100% 58-2287224
Invesco Holding Company Ltd Sole stockholder 1 Dec 1997 75% - 100% united kindom
Inc. Invesco North American Holdings Sole shareholder of invesco advisers, inc. 1 Jun 1998 75% - 100% usa-delaware
Inc. Amvescap Group Services Sole shareholder 1 Dec 2000 75% - 100% 58-1995394
Inc. Invesco Group Services Sole shareholder 1 Dec 2000 75% - 100% 58-1995394
Invesco Holding Company Limited Sole shareholder of ivz, inc. 1 Jan 2002 75% - 100% united kingdom
Invesco Ltd. Sole shareholder of invesco holding company limited 1 Jan 2002 75% - 100% bermuda
Inc. Invesco Advisers Sole shareholder of invesco private capital, inc. 1 Dec 2005 75% - 100% 105360
Inc. Invesco Institutional (N.A.) Sole shareholder 1 Dec 2005 75% - 100% 105360
Invesco Ltd Sole shareholder 1 Dec 2007 75% - 100% bermuda
Invesco Ltd. Sole shareholder of invesco holding company limited 1 Dec 2007 75% - 100% bermuda
Inc. Invesco Management Group Sole shareholder 1 Dec 2009 75% - 100% 76-0528004
Ivz Uk Limited Sole shareholder of invesco north american holdings, inc. 1 Jan 2010 75% - 100% united kingdom
Invesco Ltd. Sole shareholder of invesco holding company limited 1 Jan 2010 75% - 100% 914208
Inc Invesco Group Services Sole shareholder of ivz uk limited 1 Jun 2010 75% - 100% 58-1995394
Inc Invesco Group Services Sole shareholder 1 Jun 2018 75% - 100% 58-1995394
Invesco Holding Company Limited Sole shareholder 1 Jun 2018 75% - 100% 98-0407710
Inc. (Us) Ofi Global Asset Management Sole shareholder 1 May 2019 75% - 100% 84-0765063
Inc. Oppenheimerfunds Sole shareholder 1 May 2019 75% - 100% 13-2527171
Oppenheimer Acquisition Corp. (Gatc) Sole shareholder 1 May 2019 75% - 100% 84-1853679

Based in New York

The principal office where Wl Ross & Co. LLC performs its advisory services is located at 1166 Avenue Of The Americas, New York, NY 10036, 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 212-826-1100 or by fax 212-317-4892. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at invesco.com/portal/site/us/institutions/wlross.