Ruane, Cunniff & Goldfarb L.P. is a large advisory firm based in New York. It manages $10.66 billion of regulatory assets for 1,556 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Ruane, Cunniff & Goldfarb provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Ruane, Cunniff & Goldfarb L.P. is $10.66 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and $31.79 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Ruane, Cunniff & Goldfarb L.P. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ruane, Cunniff & Goldfarb is investment companies with 1 clients and $3.81 billion of assets under management. Among the 13 most similar advisory firms, Ruane, Cunniff & Goldfarb has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $10.66 billion for 1,557 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Ruane, Cunniff & Goldfarb doesn't advise any private funds.
The company employs 66 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Ruane, Cunniff & Goldfarb L.P. performs its advisory services is located at 9 West 57 Th Street, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-832-5280 or by fax 212-832-5298. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ruanecunniff.com.