First Eagle Separate Account Management, LLC

CRD#300359
Investment Advisor Firm

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Learn more about First Eagle Separate Account Management, LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    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

    $156.7 million

    Number of Advisors

    38

    Disclosures

    No

    Office Location

    1345 Avenue Of The Americas
    New York, NY 10105-0048

    First Eagle Separate Account Management, LLC by the Numbers

    Total Assets Under Management

    $156.7 million

    National Average: $8.6 billion
    Total Number of Employees

    48

    National Average: 64
    Total Number of Accounts

    507

    National Average: 375,227
    Average Account Size

    $309.1 thousand

    National Average: $23.0 thousand
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    Fee Structure

    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.

    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.

    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 26% of firms that offer this fee type

      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.

    • 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.

    Back to Overview

    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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    Disclosures

    First Eagle Separate Account Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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