Foundation Asset Management, LP is a large advisory firm based in White Plains. It manages $551.5 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2015.
Foundation Asset Management provides portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Foundation Asset Management, LP is $551.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -33% since the beginning of its operation, and $93.54 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Foundation Asset Management, LP 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.
The only and largest group of clients of Foundation Asset Management is pooled investment vehicles with 3 clients and $551.5 million of assets under management. Among the 11 most similar advisory firms, Foundation Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $551.5 million for 3 clients. 67% of the firm’s clients are foreign persons or businesses.
Foundation Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
The company employs 8 people that are either part- or full-time employees. 63 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 Foundation Asset Management, LP performs its advisory services is located at 1 North Lexington Ave, White Plains, NY 10601, 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 914-574-2923 or by fax 914-574-2084. The normal business hours are 8:00 a.m. - 6:00 p.m. on Monday - Friday.