Piton Investment Management, Lp
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Overview
Piton Investment Management, Lp operates as an advisory company located in Garden City, New York. It manages $973.1 million in assets throughout 154 customer accounts, making it one of the bigger investment advisory firms in the nation by assets under management (AUM). It has a small group, including 7 financial advisors. Piton Investment Management, Lp does not act as a registered broker-dealer, meaning it is not able to 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 fiscal investments like bonds, equities and options.
Piton Investment Management, Lp oversees all of the firm's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell decisions for the client's account are made by an investment advisor without needing the client's authorization. The firm manages roughly $6.3 million in assets for every customer account. The average advisor at Piton Investment Management, Lp oversees about 22 client accounts, making it one of the more individualized advisor firms in the country.
The firm's central office is at 401 Franklin Avenue, Garden City, New York 11530. The company is legally registered to serve investors across a number of states, including New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Piton Investment Management, Lp by the Numbers
$973.1 million
11
154
$6.3 million
Fee Structure
Financial advisory fees largely vary depending on the services offered. Fees charged by the firm most likely are comprised of any combination of the following fee structures: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Piton Investment Management, Lp.
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
The firm provides services to investment companies, pooled investment vehicles and other investment advisers. Out of its 154 accounts, Piton Investment Management, Lp's biggest client group by number of accounts is other investment advisers. Just 2% of the firm's customers 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
Piton Investment Management, Lp does not have any disclosures.
Please visit its Form ADV for more details.
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