Iridian Asset Management LLC
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Overview
Iridian Asset Management LLC is a financial advisory firm headquartered in Westport, Connecticut. It handles $895.7 million in total assets across 26 client accounts, making it one of the bigger firms in the United States by assets under management (AUM). Iridian Asset Management LLC has a small group, including 4 financial advisors. Iridian Asset Management LLC is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets like bonds, equities and options.
Iridian Asset Management LLC oversees all of the firm's accounts on a discretionary basis. Discretionary management signifies that transaction decisions are made by a portfolio manager without requiring the customer's approval. The investment advisory firm's typical account size is $34.5 million. An average advisor at Iridian Asset Management LLC oversees around seven client accounts, making it one of the more personalized advisor firms in the country.
The company's main office is located at 120 Post Road West, Westport, Connecticut 6880. It is legally allowed to provide services to clients throughout a number of states, including Connecticut, Massachusetts, Michigan, New York, Pennsylvania, Texas and Wisconsin.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Iridian Asset Management LLC by the Numbers
$895.7 million
11
26
$34.5 million
Fee Structure
Fees for financial management largely depend on which service is offered. However, fees billed by Iridian Asset Management LLC most likely include the following fee types: asset-based or performance-based. The firm does not provide a wrap fee program, in which the company 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
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to high net worth investors and pooled investment vehicles. Out of its 26 customers, Iridian Asset Management LLC's largest client type by number of accounts is high net worth investors, though it also serves nine high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). About 12% of its customers are non-U.S. persons.
- High-Net-Worth Individuals* - 52.94%
- Other Individuals - 0%
- Corporations - 47.06%
- 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
Iridian Asset Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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