Acres
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Overview
Acres operates as an advisory firm that has its headquarters in Uniondale, New York. It controls $3.3 billion in assets under management throughout 12 client accounts, making it one of the biggest investment advisory firms in the United States by assets under management (AUM). The company has an average-sized group, including 26 financial advisors. Acres is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are exchangable fiscal assets like bonds, options and equities.
Acres administers four of the company's accounts in a discretionary manner. Discretionary management signifies that transaction decisions for the client's account are made by a portfolio manager without needing the client's authorization. It also administers eight non-discretionary accounts totaling $187.5 million in assets under management. The firm supervises roughly $276.1 million for every customer account. An average advisor at Acres oversees fewer than one client account, making it one of the most individualized advisor firms in the country.
The company's central office is at 390 Rxr Plaza, Uniondale, New York 11556. The company is allowed to serve investors across a number of states, including California, Delaware, Florida, Illinois, Massachusetts, New York, Pennsylvania and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Acres by the Numbers
$3.3 billion
47
12
$276.1 million
Fee Structure
Financial advisory fees usually depend on which services the firm provides the client. However, fees charged by Acres may include any combination of the following fee types: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Acres.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
It caters to pooled investment vehicles. Out of its 12 customers, Acres's biggest client group is pooled investment vehicles. About 50% of its customers are 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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