Pharmakon Advisors, Lp

CRD#161150
Investment Advisor Firm

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Overview

Pharmakon Advisors, Lp operates as a financial advisory company located in New York, New York. Pharmakon Advisors, Lp manages $2.9 billion in total assets across six accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). It has a small group, including 6 financial advisors. Pharmakon Advisors, Lp does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are tradable financial investments like options, bonds and stocks.

Pharmakon Advisors, Lp manages all of the company's client assets on a discretionary basis. Discretionary management signifies that buy and sell decisions are made by an investment advisor without requiring the customer's approval. The company administers about $482.5 million in assets for every customer account. An average advisor at Pharmakon Advisors, Lp administers about one client account, placing it among the most personalized financial advisor firms in the country.

Pharmakon Advisors, Lp's main office is at 110 East 59Th Street, New York, New York 10022-1304. The firm is permitted to serve clients in the state of New York.

Assets Under Management

$2.9 billion

Number of Advisors

6

Disclosures

No

Office Location

110 East 59Th Street
New York, NY 10022-1304

Pharmakon Advisors, Lp by the Numbers

Total Assets Under Management

$2.9 billion

National Average: $8.6 billion
Total Number of Employees

11

National Average: 64
Total Number of Accounts

6

National Average: 375,227
Average Account Size

$482.5 million

National Average: $23.0 thousand
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Fee Structure

Fees for financial management largely depend on which services the firm provides the client. However, fee types charged by the company may include any blend of the following fee structures: asset-based or performance-based. Pharmakon Advisors, Lp does not supply a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

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.

  • Offered by 26% of firms

    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.

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 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.

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Types of Clients

The company works with pooled investment vehicles and other. Out of its six customers, Pharmakon Advisors, Lp's biggest client by number of accounts is pooled investment vehicles. Around 83% of its accounts 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

Pharmakon Advisors, Lp does not have any disclosures.

Please visit its Form ADV for more details.

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