Jefferies Investment Advisers, LLC (New York)

Jefferies Investment Advisers, LLC is a large advisory firm based in New York. It manages $4.61 billion of regulatory assets for 438 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Jefferies Investment Advisers provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Jefferies Investment Advisers: assets under management

The assets under management (AUM) of Jefferies Investment Advisers, LLC is $4.61 billion. The firm's AUM has grown by 953% since the beginning of its operation, and $88.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.41 billion in discretionary accounts and $200.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.45 million.

Jefferies Investment Advisers has custody of $2.5 billion in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jefferies Investment Advisers, LLC for their services and products based on a percentage of assets under management, subscription fees, commissions, and performance-based fees. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jefferies Investment Advisers serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Jefferies Investment Advisers is pooled investment vehicles with 7 clients and $2.93 billion of assets under management. Among the 11 most similar advisory firms, Jefferies Investment Advisers has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.61 billion for 438 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 12% of the firm’s clients are foreign persons or businesses.

Jefferies Investment Advisers also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Jefferies Investment Advisers, LLC

The company employs 108 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 108 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Lauri A Scoran joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jefferies Group Llc	Member and manager	1 Jun 2002	75% - 100%	95-4719745
Inc. Jefferies Group	Member and manager	1 Jun 2002	75% - 100%	95-4719745
Roland Thomas Kelly	Assistant secretary	1 Jan 2006	Other	4333694
Ronald Stanley Filipowicz	Svp, pcs division	1 Jan 2006	Other	1510741
Richard Brian Handler	Co-ceo, high yield division	1 Jan 2006	Other	1563245
Joseph Arthur Schenk	Chief financial officer	1 Jan 2006	Other	1474995
Robert Joseph Albano	Chief compliance officer	1 Jan 2006	Other	875912
David William Schwartz	Evp, high yield division	1 Jan 2006	Other	1797897
Charles Chenalt Baber	Co-ceo, pcs division	1 Jan 2006	Other	1792074
Patricia Schoor Rube	Secretary	1 Jan 2006	Other	4532740
Ronald Stanley Filipowicz	Senior vice president-wealth management	1 Mar 2007	Other	1510741
Charles Chenalt Baber	Chief executive officer	1 Mar 2007	Other	1792074
Steven Vincent Mattus	Chief compliance officer	1 Mar 2007	Other	2398166
Ashley Brooke Geller	Assistant secretary	1 Mar 2007	Other	5228275
Peregrine C Broadbent	Executive vice president & chief financial oficer	1 Nov 2007	Other	4129671
Jeffrey Martin Lau	Chief compliance officer	1 Jul 2008	Other	1103586
Christopher John Schiffer	Chief operating officer-wealth management	1 Aug 2009	Other	2875225
Albert Markman Peters	Chief executive officer	1 Sep 2009	Other	713854
Sonia Kay Han	Secretary	1 Jan 2010	Other	4607484
Vlad Portnoy	Head of strategic investments division-(sid) managing director,portfolio manager	1 Jan 2010	Other	2781437
Sonia Han Levovitz	Secretary	1 Jan 2010	Other	4607484
Lauri A Scoran	Chief compliance officer-qsd	1 Jan 2010	Other	2060170
Matthew B Smith	Chief operatingofficer-qsd	1 Jan 2010	Other	5279027
Christopher Evan Dean	Senior vice president,portfolio manager qsd	1 Jan 2010	Other	1460706
Mark Andrew Rosen	Head of jefferies dakota fund, managing director, portfolio manager	1 Aug 2011	Other	1695405
Robert Joseph Albano	Chief compliance officer	1 Nov 2011	Other	875912
Jeffrey Martin Lau	Chief compliance officer	1 Apr 2012	Other	1103586
Peter Charles Forlenza	Head of wealth management	1 Dec 2013	Other	2366985
Robert Michael Armstrong	Head of wealth management	1 Jun 2014	Other	1530547
Matthew B Smith	Chief administrative officer-sid	1 Jan 2015	Other	5279027
Marc Alexis Rieffel	Chief operating officer-sid	1 Jan 2015	Other	5293522
David Zervos	Chief investment office- global macro devision	1 Jul 2015	Other	4251291
Robert Vincent Peyreigne	Managing director- head of wealth management division	1 Nov 2016	Other	1894632
Timothy Armstrong Smith	Chief compliance officer	1 Feb 2019	Other	3059742
Lauri A Scoran	Chief compliance officer	1 Jul 2019	Other	2060170
Diego Kuschnir	Head of solanas division, mananging director	1 Jul 2019	Other	3259887

Based in New York

The principal office where Jefferies Investment Advisers, LLC performs its advisory services is located at 520 Madison Avenue, New York, NY 10022 4213, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-284-2300. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday.