Empyrean Capital Partners, Lp

CRD#138978
Investment Advisor Firm

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Overview

Empyrean Capital Partners, Lp operates as a financial advisory company that has its headquarters in Los Angeles, California. The company has $5.3 billion in assets throughout six client accounts, placing it among the largest financial advisory firms in the United States by assets under management (AUM). It has a small team of 33 employees, of which 19 are financial advisors. Empyrean Capital Partners, Lp is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable financial assets like options, bonds and equities.

Empyrean Capital Partners, Lp manages all of its client assets in a discretionary manner. Discretionary management signifies that transaction choices for the client's account are made by an investment advisor without requiring client permission. The firm supervises about $887.4 million for every account. The average advisor at Empyrean Capital Partners, Lp administers fewer than one client account, making it one of the most individualized advisor firms in the country.

The company's headquarters is located at 10250 Constellation Blvd., Los Angeles, California 90067. It is legally registered to provide services to investors in the state of California.

Assets Under Management

$5.3 billion

Number of Advisors

19

Disclosures

No

Office Location

10250 Constellation Blvd.
Los Angeles, CA 90067

Empyrean Capital Partners, Lp by the Numbers

Total Assets Under Management

$5.3 billion

National Average: $3.7 billion
Total Number of Employees

33

National Average: 29
Total Number of Accounts

6

National Average: 2,073
Average Account Size

$887.4 million

National Average: $1.8 million

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Fee Structure

A financial advisor's fees typically are based on which service is provided. However, fee types billed by the company most likely consist of the following fee structures: asset-based or performance-based. Empyrean Capital Partners, Lp does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm provides services to pooled investment vehicles. Out of its six customers, Empyrean Capital Partners, Lp's biggest client group by number of accounts is pooled investment vehicles. Around 83% of the firm's accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Empyrean Capital Partners, Lp does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA