Ares Management LLC
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Overview
Ares Management LLC operates as an advisory firm based in Los Angeles, California. The firm manages $253.2 billion in total assets across 450 customer accounts, placing it among the biggest firms in the country by assets under management (AUM). Ares Management LLC has a very large team, including 934 financial advisors. Ares Management LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like bonds, options and equities.
Ares Management LLC administers more than half of the company's accounts on a discretionary basis. Discretionary management means that a portfolio manager makes buy and sell decisions for the client's account without needing to seek the client's approval. The company also oversees 29 non-discretionary accounts totaling $13.5 billion in AUM. The company's average account size is $562.2 million. An average advisor at Ares Management LLC administers fewer than one client account, making it one of the most personalized advisor firms in the country.
Ares Management LLC's main office is at 2000 Avenue Of The Stars, Los Angeles, California 90067. The company is legally registered to serve customers across 23 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Ares Management LLC by the Numbers
$253.2 billion
2,378
450
$562.6 million
Fee Structure
Financial management fees largely are based on which service is offered. Fees billed by the company can be comprised of any blend of the following fee types: asset-based or performance-based. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Ares Management LLC manages money for a broad range of customers. The firm provides services to pooled investment vehicles, pension plans, insurance companies, sovereign wealth funds and other. Out of its 450 clients, Ares Management LLC's biggest client type is pooled investment vehicles. About 51% of the firm's 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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Disclosures
Ares Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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