Blackstone Alternative Asset Management L.P
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Overview
Blackstone Alternative Asset Management L.P operates as an advisory firm headquartered in New York, New York. The company controls $69.8 billion in total assets over 148 customer accounts, placing it among the largest firms in the United States by assets under management (AUM). Blackstone Alternative Asset Management L.P has a large group, including 118 financial advisors. Blackstone Alternative Asset Management L.P is not a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like options, stocks and bonds.
Blackstone Alternative Asset Management L.P oversees more than half of the company's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell judgments without requiring client approval. It also has one non-discretionary accounts with a total of $2.9 billion in assets under management. The investment advisory firm's average account size is $471.8 million. The average advisor at Blackstone Alternative Asset Management L.P administers about one client account, making it one of the most personalized financial advisor firms in the country.
Blackstone Alternative Asset Management L.P's headquarters is at 345 Park Ave, New York, New York 10154.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Blackstone Alternative Asset Management L.P by the Numbers
$69.8 billion
342
148
$471.8 million
Products and Services
Services provided by Blackstone Alternative Asset Management L.P can include portfolio management for pooled investment vehicles and selection of other advisers. The company is not involved in selling products or offering services apart from investment advice to its investment advisory customers. The company is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, insurance company or agency and commodity pool advisor.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees typically depend on which service is offered. Fees charged by Blackstone Alternative Asset Management L.P likely are comprised of any blend of the following fee types: asset-based or performance-based. Blackstone Alternative Asset Management L.P does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
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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 works with a number of different clients. Blackstone Alternative Asset Management L.P provides services to pooled investment vehicles, pension plans, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds and corporations. Out of its 148 clients, Blackstone Alternative Asset Management L.P's largest client group is pooled investment vehicles. About 74% of the firm's clients are represented by non-U.S. persons.
- 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
Blackstone Alternative Asset Management L.P does not have any disclosures.
Please visit its Form ADV for more details.
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