Discerene Group Lp

CRD#154396
Investment Advisor Firm

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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

$2.0 billion

Number of Advisors

11

Disclosures

No

Office Location

2777 Summer St.
Stamford, CT 06905

Discerene Group Lp by the Numbers

Total Assets Under Management

$2.0 billion

National Average: $8.6 billion
Total Number of Employees

12

National Average: 64
Total Number of Accounts

9

National Average: 375,227
Average Account Size

$224.6 million

National Average: $23.0 thousand
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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

    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 26% 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 21% 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 1% 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 0% 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 32% 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 10% 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 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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