Sophis Investments LLC (New York)

Name: Sophis Investments LLC
Address: 250 Park Avenue, New York, NY, 10177 0799
Telephone: 212-572-6360

Sophis Investments LLC is a mid-sized advisory firm based in New York. It manages $32.02 million of regulatory assets for 51 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Connecticut, District of Columbia, and Nebraska.

Sophis Investments provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sophis Investments: assets under management

The assets under management (AUM) of Sophis Investments LLC is $32.02 million. $1.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $10.13 million in discretionary accounts and $21.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $235.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.74 million.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sophis Investments 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 Edward Ignatious Obrien serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Edward Ignatious Obrien is high net worth individuals with 13 clients and $29.3 million of assets under management. Among the 2 most similar advisory firms, Sophis Investments has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $32.02 million for 25 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 8% of the firm’s clients are foreign persons or businesses.

Sophis Investments doesn't advise any private funds.

Careers at Sophis Investments LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Edward Ignatious Obrien has been acting as President since 1 Sep 2017. Tassos Demetrios Recachinas joined the executive team most recently as the Managing Member & Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tassos Demetrios Recachinas	Managing member & cco	1 Apr 2008	75% - 100%	5002813
Edward Ignatious Obrien	Chairman	1 Sep 2017	Other	1001911

Based in New York

The principal office where Sophis Investments LLC performs its advisory services is located at 250 Park Avenue, New York, NY 10177 0799 The mailing address of the firm is 130 Brookfield Avenue, Fairfield, CT 06825. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-572-6360 or by fax 877-333-7237. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at sophis.co.