Resource Alternative Advisor, LLC (New York)


Resource Alternative Advisor, LLC is a large advisory firm based in New York. It manages $191.57 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2016.

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Resource Alternative Advisor provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Resource Alternative Advisor: assets under management

The assets under management (AUM) of Resource Alternative Advisor, LLC is $191.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1548% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $191.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $191.57 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Resource Alternative Advisor, 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 Jeffrey Patrick Cohen serves?

The only and largest group of clients of Jeffrey Patrick Cohen is investment companies with 1 clients and $191.57 million of assets under management. Among the 11 most similar advisory firms, Resource Alternative Advisor has the 2nd highest percentage of investment companies out of all clients.


The amount of regulatory assets under management is $191.57 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Resource Alternative Advisor doesn't advise any private funds.

Careers at Resource Alternative Advisor, LLC

The company employs 91 people that are either part- or full-time employees. 16 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.

Jeffrey Patrick Cohen has been acting as President since 1 Nov 2016. James Andrew Aston joined the executive team most recently as the Member Of Board Of Managers.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Alan Frank Feldman Senior vice president 1 Nov 2016 Other 3150292
Jeffrey Patrick Cohen President 1 Nov 2016 Other 4054078
Thomas Charles Elliott Senior vice president 1 Nov 2016 Other 4885673
Matthew Jon Stern Senior vice president 1 Nov 2016 Other 4554553
Lawrence Steven Block Senior vice president, chief compliance officer & secretary 1 Nov 2016 Other 3006613
Jeffrey Dean Blomstrom Senior vice president 1 Nov 2016 Other 4399686
Inc. Resource America Sole member 1 Nov 2016 75% - 100% 72-0654145
James Andrew Aston Senior vice president 1 Nov 2016 Other 1680443
George Edward Carleton Senior vice president 1 Nov 2016 Other 5908634
Darshan Vishnu Patel Senior vice president, chief compliance officer & secretary 1 Nov 2016 Other 4477767
Justin Matthew Milberg Senior vice president 1 Nov 2016 Other 2524948
Brian Stephen Hawkins Vice president 1 Nov 2016 Other 2945829
Justin Matthew Milberg Managing director 1 Aug 2017 Other 2524948
Michael Thomas Terwilliger Managing director 1 Aug 2017 Other 4876997
Marykathleen Foynes Gaza Vice president - compliance & assistant secretary 1 Mar 2018 Other 2888464

Indirect Owners

The SEC currently registers 18 indirect owners.

Name Entity Date acquired Ownership Employer ID
Andrew Lawrence Farkas Member 1 Jul 2003 75% - 100% 2364566
Llc Island Capital Group Member 1 Oct 2009 75% - 100% 36-4525612
Island C Iii Directives Llc Managing member 1 Nov 2009 Other 27-1134955
Island C Iii Holdings Llc Member 1 Feb 2010 50% - 75% 27-0457936
Island C Iii Manager Llc Manager 1 Feb 2010 25% - 50% 27-1895025
Andrew Lawrence Farkas Member of board of managers 1 Feb 2010 Other 2364566
Jeffrey Patrick Cohen Member of board of managers 1 Feb 2010 Other 4054078
Frank Mcmurry Garrison Member of board of managers 1 Feb 2010 Other 1044606
Sidney Joseph Reisman Member of board of managers 1 Feb 2010 Other 5892645
Island C Iii Holdings Ii Llc Member 1 Feb 2010 50% - 75% 27-0457936
Anubis Advisors Llc Member 1 Mar 2010 Other 27-2019792
Llc Island Capital Group Member 1 Mar 2010 Other 36-4525612
Island C Iii Directives Ii Llc Managing member 1 May 2010 Other 27-2594582
Llc Island Capital Group Member 1 May 2010 Other 36-4525612
Island C Iii Holdings Ii Llc Member 1 May 2010 Other 27-2594913
Michael Gershon Jesselson Member of board of managers 1 May 2012 Other 1030833
C Iii Capital Partners Llc Sole shareholder 1 Sep 2016 75% - 100% 27-1892368
James Andrew Aston Member of board of managers 1 Jan 2019 Other 1680443

Based in New York

The principal office where Resource Alternative Advisor, LLC performs its advisory services is located at 717 5 Th Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Philadelphia, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-506-3899 or by fax 212-705-5001. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at resourcealts.com.