Park Avenue Institutional Advisers LLC
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Learn more about Park Avenue Institutional Advisers LLC
Overview
Park Avenue Institutional Advisers LLC is a financial advisory company headquartered in New York, New York. Park Avenue Institutional Advisers LLC manages $74.6 billion in assets under management over 40 customer accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). The firm has a large group, including 57 financial advisors. Park Avenue Institutional Advisers LLC is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets such as equities, options and bonds.
Park Avenue Institutional Advisers LLC manages all of its client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction judgments without requiring the client's approval. The investment advisory firm administers an average of $1.9 billion in assets for every customer account. An average advisor at Park Avenue Institutional Advisers LLC oversees fewer than one client account, placing it among the most personalized financial advisor firms in the country.
The firm's headquarters is located at 10 Hudson Yards, New York, New York 10001. It is legally permitted to provide services to customers in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Park Avenue Institutional Advisers LLC by the Numbers
$74.6 billion
131
40
$1.9 billion
Fee Structure
Financial management fees are based on the financial services provided. However, fees charged by Park Avenue Institutional Advisers LLC most likely consist of some blend of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
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
It provides services to investment companies and pooled investment vehicles. Out of its 40 customers, Park Avenue Institutional Advisers LLC's biggest client type is investment companies. Around 23% of the company's customers are from outside of the U.S.
- 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
Park Avenue Institutional Advisers LLC does not have any disclosures.
Please visit its Form ADV for more details.
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