1901 Partners Management, LP (New York)

1901 Partners Management, LP is a large advisory firm based in New York. It manages $810.12 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of New York and Texas.

1901 Partners Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

1901 Partners Management: assets under management

The assets under management (AUM) of 1901 Partners Management, LP is $810.12 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 102% since the beginning of its operation, and $126.71 million of the total AUM is attributable to clients outside of the United States.

The firm manages $810.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $162.02 million each.

1901 Partners Management has custody of $790.65 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 1901 Partners Management, LP for their services and products based on fixed fees and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients 1901 Partners Management serves?

The only and largest group of clients of 1901 Partners Management is pooled investment vehicles with 5 clients and $810.12 million of assets under management. Among the 11 most similar advisory firms, 1901 Partners Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $810.12 million for 5 clients. 40% of the firm’s clients are foreign persons or businesses.

1901 Partners Management also advises several private funds. Namely, five private equity funds.

Careers at 1901 Partners Management, LP

The company employs 7 people that are either part- or full-time employees. 57 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Neil Adam Wallack	Limited partner; managing director	1 Jun 2014	25% - 50%	6411473
Llc 1901 Partners Management Gp	General partner	1 Jun 2014	Other	47-1562129
Daniel Brown Penrod	Limited partner; managing director	1 Oct 2014	25% - 50%	4962472
Bryan Russell Begley	Limited partner; managing director	1 Oct 2014	25% - 50%	6411479
Robert Edward Hougie	Limited partner; managing director	1 Oct 2014	25% - 50%	2554898
Patricia Mercedes Perez	General counsel and chief compliance officer	1 Oct 2014	Other	6411485
Brian Scott Cohen	Chief financial officer	1 Oct 2014	Other	6411488
Robert Edward Laurence Hougie	Limited partner; managing director	1 Oct 2014	25% - 50%	2554898
Patricia M Perez	General counsel and chief compliance officer	1 Oct 2014	Other	6411485
Lp 1901 Partners Management	Sole member (1901 lux director, llc)	1 Nov 2014	75% - 100%	173444
Neil Adam Wallack	President (1901 lux director, llc)	1 Nov 2014	Other	6411473
Brian Scott Cohen	Treasurer and secretary (1901 lux director, llc)	1 Nov 2014	Other	6411488
Bryan Russell Begley	Vice president (1901 lux director, llc)	1 Nov 2014	Other	6411479
Robert Edward Hougie	Vice president (1901 lux director, llc)	1 Nov 2014	Other	2554898
Daniel Brown Penrod	Vice president (1901 lux director, llc)	1 Nov 2014	Other	4962472
Patricia Mercedes Perez	Vice president (1901 lux director, llc)	1 Nov 2014	Other	6411485

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Brown Penrod	Member	1 Jun 2014	25% - 50%	4962472
Robert Edward Hougie	Member	1 Jun 2014	25% - 50%	2554898
Bryan Russell Begley	Member	1 Jun 2014	25% - 50%	6411479

Based in New York

The principal office where 1901 Partners Management, LP performs its advisory services is located at C/O Wework 205 E 42 Nd Street, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-961-3010. The normal business hours are 9:00am - 6:00pm on Monday - Friday.