Blackstone Property Advisors L.P
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Overview
Blackstone Property Advisors L.P is an advisory firm headquartered in New York, New York. It manages $84.9 billion in assets under management across 66 customer accounts, placing it among the biggest financial advisory firms in the country by assets under management (AUM). The company has a large team, including 447 financial advisors. Blackstone Property Advisors L.P is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial investments such as options, bonds and equities.
Blackstone Property Advisors L.P oversees 65 of the firm's accounts on a discretionary basis. Discretionary management means that buy and sell judgments for the client's account are made by an investment advisor without requiring the client's approval. The firm also oversees one non-discretionary accounts totaling $19.0 billion in assets. Blackstone Property Advisors L.P manages an average of $1.3 billion in assets for each account. An average advisor at Blackstone Property Advisors L.P administers fewer than one client account, making it one of the most personalized financial advisor firms in the country.
The firm's central office is located at 345 Park Avenue, New York, New York 10154. It is legally permitted to serve customers in the state of California.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Blackstone Property Advisors L.P by the Numbers
$84.9 billion
708
66
$1.3 billion
Fee Structure
Fees for financial advisory services typically depend on the services offered. Fees charged by the firm most likely include some blend of the following fee structures: asset-based or performance-based. The firm does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
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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
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Find one of the 0% of firms that offer this fee type
Subscription
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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
The firm provides services to pooled investment vehicles. Out of its 66 customers, Blackstone Property Advisors L.P's biggest client type by number of accounts is pooled investment vehicles. Around 48% of the company'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
Blackstone Property Advisors L.P does not have any disclosures.
Please visit its Form ADV for more details.
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