Discerene Group Lp
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Overview
Discerene Group Lp is an advisory company based in Stamford, Connecticut. It has $2.0 billion in assets over nine customer accounts, making it one of the largest financial advisory firms in the United States by assets under management (AUM). It has a small team, including 11 financial advisors. Discerene Group Lp is not a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are tradable financial assets such as bonds, stocks and options.
Discerene Group Lp manages all of the firm's client assets in a discretionary manner. Discretionary management means that buy and sell choices for the client's account are made by a portfolio manager without requiring the customer's approval. The firm manages an average of $224.6 million in assets for every customer account. The typical advisor at Discerene Group Lp oversees fewer than one client account, making it one of the most personalized advisor firms in the country.
Discerene Group Lp's main office is at 2777 Summer St., Stamford, Connecticut 6905. The firm is registered to serve customers in the state of Connecticut.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Discerene Group Lp by the Numbers
$2.0 billion
12
9
$224.6 million
Fee Structure
Fees for financial management typically depend on which service is provided. However, fees billed by the firm can include the following fee structures: asset-based or performance-based. Discerene Group Lp does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to pooled investment vehicles. Out of its nine customers, Discerene Group Lp's largest client by number of accounts is pooled investment vehicles. Around 22% of the company's accounts reside abroad.
- 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
Discerene Group Lp does not have any disclosures.
Please visit its Form ADV for more details.
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