Rait Partnership, LP (Philadelphia)

Name: Rait Partnership, LP
Address: Cira Centre, 17 Th Floor, Philadelphia, PA, 19104
Telephone: 215-243-9036

Rait Partnership, LP is a large advisory firm based in Philadelphia. It manages $1.99 billion of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Pennsylvania.

Rait Partnership provides portfolio management for businesses and institutional clients and manage cdo securitizations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Rait Partnership: assets under management

The assets under management (AUM) of Rait Partnership, LP is $1.99 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.99 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $996.83 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Rait Partnership, LP 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.

Careers at Rait Partnership, LP

Scott Schaeffer has been acting as President since 1 Sep 2000. Anders Frederick Laren joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rait Financial Trust	Sole member	1 Jan 1997	75% - 100%	23-2919819
Betsy Zubrow Cohen	Chairman of the board	1 Oct 1997	Other	1470692
Scott Schaeffer	President	1 Sep 2000	Other	5487000
Kenneth Raymond Frappier	Svp of portfolio and risk management	1 Jan 2005	Other	5380550
Jack E Salmon	Evp, cfo, treasurer	1 Mar 2005	Other	5376351
Raphael Licht	Chief legal officer	1 Dec 2006	Other	4640806
James Joseph Sebra	Chief accounting officer	1 Dec 2006	Other	5380533
Daniel Gideon Cohen	Ceo	1 Dec 2006	Other	4385288
Raphael A Licht	Chief operating officer	1 Dec 2006	Other	4640806
Christopher George Plummer	Chief compliance officer	1 Jan 2007	Other	4460469
Michael Beatty	Svp, credit risk & portfolio management	1 Apr 2007	Other	5489317
Scott Schaeffer	Chief executive officer	1 Feb 2009	Other	5487000
Raphael A Licht	Chief operating officer	1 Feb 2009	Other	4640806
Samuel Jay Greenblatt	Executive vice president	1 Jun 2009	Other	2690077
Kenneth Raymond Frappier	Evp of portfolio and risk management	1 May 2011	Other	5380550
James Peter Curtis	Chief compliance officer	1 Dec 2011	Other	1012223
James Joseph Sebra	Chief financial officer	1 May 2012	Other	5380533
Anders Frederick Laren	Chief compliance officer	1 Dec 2012	Other	6145286

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Rait General	Sole general partner	1 Jan 1997	Other	23-2919987
Inc. Rait Limited	Sole limited partner	1 Jan 1997	Other	23-2919773

Based in Philadelphia

The principal office where Rait Partnership, LP performs its advisory services is located at Cira Centre, 17 Th Floor, Philadelphia, PA 19104, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-243-9036 or by fax 215-243-9089. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at www.raitft.com.