Ajo, LP is a large advisory firm based in Philadelphia. It manages $20.41 billion of regulatory assets for 144 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, Massachusetts, Pennsylvania, and Texas.
Ajo provides portfolio management for investment companies, 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.
The assets under management (AUM) of Ajo, LP is $20.41 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 5% since the beginning of its operation, and $4.74 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ajo, 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.
The firm provides services to investment companies, charitable organizations, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Ajo is state or municipal government entities with 29 clients and $7.79 billion of assets under management. Among the 8 most similar advisory firms, Ajo has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $19.33 billion for 126 clients. 18% of the firm’s clients are foreign persons or businesses.
Ajo also advises several private funds. Namely, nine hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 61 people that are either part- or full-time employees. 59 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.
The principal office where Ajo, LP performs its advisory services is located at 230 South Broad Street, Philadelphia, PA 19102 4102, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 215.546.7500 or by fax 215.546.7506. The normal business hours are 8am to 6pm on Monday - Friday. You can find more information about the New York firm at ajopartners.com and its LinkedIn profile.