Echo Street Capital Management, LLC (New York)


Echo Street Capital Management, LLC is a large advisory firm based in New York. It manages $6.37 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Echo Street Capital 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.

Echo Street Capital Management: assets under management

The assets under management (AUM) of Echo Street Capital Management, LLC is $6.37 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1217% since the beginning of its operation, and $1.21 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.37 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $578.72 million each.
Echo Street Capital Management has custody of $749.3 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 30% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Echo Street Capital Management, LLC for their services and products based on a percentage of assets under management 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 Echo Street Capital Management serves?

The only and largest group of clients of Echo Street Capital Management is pooled investment vehicles with 9 clients and $5.62 billion of assets under management. Among the 6 most similar advisory firms, Echo Street Capital Management has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.62 billion for 9 clients. 27% of the firm’s clients are foreign persons or businesses.

Echo Street Capital Management also advises several private funds. Namely, four hedge funds and three other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Echo Street Capital Management, LLC

The company employs 25 people that are either part- or full-time employees. 76 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
Gregory Brian Poole Managing member 1 Feb 2002 75% - 100% 2784295
David Maxwell Elias Chief compliance officer 1 Nov 2004 Other 4191711
David Maxwell Elias Chief operating officer and chief financial officer 1 Sep 2015 Other 4191711
Kate Elizabeth Bacon Chief compliance officer and general counsel 1 Sep 2015 Other 6561589
Courtney Brooke Posner Chief compliance officer and general counsel 1 Mar 2017 Other 6774859

Based in New York

The principal office where Echo Street Capital Management, LLC performs its advisory services is located at 10 East 53 Rd Street, 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 212-751-2424 or by fax 212-647-8189. The normal business hours are 9-6 on Monday - Friday. You can find more information about the New York firm at echostreetcapital.com.