First Eagle Separate Account Management, LLC
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Learn more about First Eagle Separate Account Management, LLC
First Eagle Separate Account Management, LLC is a financial advisor company located in New York, New York. The company manages $156.7 million in assets under management across 507 accounts, making it a mid-tier firm in the nation by assets under management (AUM). The firm has an average-sized group, including 38 financial advisors. First Eagle Separate Account Management, LLC does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets such as options, equities and bonds.
First Eagle Separate Account Management, LLC manages all of the company's client assets in a discretionary manner. Discretionary management signifies that transaction choices are made by a portfolio manager without needing to seek client authorization. The company's typical account size is $309,086. An average advisor at First Eagle Separate Account Management, LLC oversees about 13 client accounts, making it one of the more individualized firms in the country.
The company's central office is located at 1345 Avenue Of The Americas, New York, New York 10105-0048. It is legally registered to provide services to clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
First Eagle Separate Account Management, LLC by the Numbers
Fees for financial advisory services usually vary depending on which services are provided. Fees charged by the company typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by First Eagle Separate Account Management, LLC.
Offered by 69% of firms
Percentage of AssetsShow 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.
Find one of the 21% of firms that offer this fee type
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
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 26% of firms that offer this fee type
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.
Find one of the 0% of firms that offer this fee type
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 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
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
The company does business with a broad range of clients. The company caters to retail investors, high net worth investors, pension plans, other investment advisers, corporations and other. Out of its 507 customers, First Eagle Separate Account Management, LLC's biggest client type is retail investors, but it also serves one high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 0.2%
- Other Individuals - 59.52%
- Corporations - 40.28%
- 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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First Eagle Separate Account Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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