Allen Investment Management, LLC is a large advisory firm based in New York. It manages $5.54 billion of regulatory assets for 462 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Massachusetts, and New York.
Allen Investment Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, and customized wealth management services. 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 Allen Investment Management, LLC is $5.54 billion. The firm's AUM has grown by 579% since the beginning of its operation, and $546.34 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Allen Investment Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Herbert Iii Anthony Allen is high net worth individuals with 117 clients and $5.4 billion of assets under management. Among the 9 most similar advisory firms, Allen Investment Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $5.54 billion for 120 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 16% of the firm’s clients are foreign persons or businesses.
Allen Investment Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 25 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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 don’t receive compensation from other entities for client referrals.
Herbert Iii Anthony Allen has been acting as President since 1 Nov 2002. Stephen Michael Hart joined the executive team most recently as the Chief Compliance Officer.
The principal office where Allen Investment Management, LLC performs its advisory services is located at 711 Fifth Avenue, 10 Th Floor, 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 212-832-8000 or by fax 212-832-8023. The normal business hours are 9-5 pm on Monday - Friday. You can find more information about the New York firm at allencoia.com/.