Millennium Tvp Management Co., LLC (New York)

Name: Millennium Tvp Management Co., LLC
Address: 60 East 42 Nd Street, New York, NY, 10165
Telephone: 646-521-7800

Millennium Tvp Management Co., LLC is a large advisory firm based in New York. It manages $362.5 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Montana and New York.

Millennium Tvp Management Co. provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Millennium Tvp Management Co.: assets under management

The assets under management (AUM) of Millennium Tvp Management Co., LLC is $362.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -29% since the beginning of its operation, and $78.86 million of the total AUM is attributable to clients outside of the United States.

The firm manages $362.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $36.25 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Millennium Tvp Management Co., LLC for their services and products based on a percentage of assets under management. 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.

What kind of clients Millennium Tvp Management Co. serves?

The only and largest group of clients of Millennium Tvp Management Co. is pooled investment vehicles with 10 clients and $362.5 million of assets under management. Among the 9 most similar advisory firms, Millennium Tvp Management Co. has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $362.5 million for 10 clients. 10% of the firm’s clients are foreign persons or businesses.

Millennium Tvp Management Co. also advises several private funds. Namely, six private equity funds and four venture capital funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Millennium Tvp Management Co., LLC

The company employs 7 people that are either part- or full-time employees. 86 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
Lp Tvp	Owner	1 Dec 2004	75% - 100%	20-5601960
Samuel Lawrence Schwerin	Managing partner	1 Dec 2004	Other	4037136
Daniel Burstein	Managing partner	1 Dec 2004	Other	6008936
Jonathan Glass	Chief compliance officer / chief financial officer	1 May 2008	Other	6008932

Based in New York

The principal office where Millennium Tvp Management Co., LLC performs its advisory services is located at 60 East 42 Nd Street, New York, NY 10165, 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 646-521-7800 or by fax 646-521-7878. The normal business hours are 8:30 to 5:30 on Monday - Friday. You can find more information about the New York firm at mtvlp.com.