Thornburg Investment Management Inc (Santa Fe)

Name: Thornburg Investment Management Inc
Address: 2300 North Ridgetop Road, Santa Fe, NM, 87506
Telephone: 505-467-7200

Thornburg Investment Management Inc is a large advisory firm based in Santa Fe. It manages $40.52 billion of regulatory assets for 1,165 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Thornburg Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Thornburg Investment Management: assets under management

The assets under management (AUM) of Thornburg Investment Management Inc is $40.52 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1006% since the beginning of its operation, and $776.22 million of the total AUM is attributable to clients outside of the United States.

The firm manages $40.52 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $34.78 million each.

Thornburg Investment Management has custody of $9.59 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thornburg Investment Management Inc for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Garrett Thornburg serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Garrett Thornburg is investment companies with 23 clients and $37.61 billion of assets under management. Among the 10 most similar advisory firms, Thornburg Investment Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $40.52 billion for 1,162 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Thornburg Investment Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Thornburg Investment Management Inc

The company employs 195 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 37 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people 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.

Garrett Thornburg has been acting as President since 1 Aug 1997. Joshua Gotbaum joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dawn Barbara Fischer	Corporate secretary	1 Mar 1986	Other	1355126
Lloyd Thornburg Irrevocable Trust/Dawn Fischer Ttee	Shareholder/non-voting	1 Apr 1991	Other	85-6104949
Lloyd Thornburg Qualified Sub Chapter S Trust/Dawn Fischer Ttee	Shareholder/non-voting	1 Apr 1991	Other	85-6104949
Lloyd Thornburg Qualified Sub Chapter S Trust/Brian Mcmahon Ttee	Shareholder/non-voting	1 Apr 1991	Other	85-6104949
Garrett Thornburg	Chairman	1 Aug 1997	75% - 100%	702672
Brian John Mcmahon	President	1 Aug 1997	Other	1355122
Harold Garrett Thornburg	Chairman	1 Aug 1997	75% - 100%	702672
Beckie Rae Hanttula	Chief financial officer	1 Dec 1998	Other	2614134
Michael Fintan Murphy	Director of compliance	1 Oct 2000	Other	2907341
Jr./Brian Mcmahon And Dawn Fischer Trustees Trust For The Benefit Of The Descendants Of H. Garrett Thornburg	Shareholder/non-voting	1 Jan 2001	Other	85-6113304
Jr./Brian Mcmahon Trustee Trust For The Benefit Of The Descendants Of H. Garrett Thornburg	Shareholder/non-voting	1 Jan 2001	Other	85-6113304
Irrevocable Trust For The Benefit Of The Descendants Of Catherine Oppenheimer/Dawn Fischer Trustee	Shareholder/non-voting stock	1 Dec 2002	Other	85-6125494
Irrevocable Trust For The Benefit Of The Descendants Of Catherine Oppenheimer/Brian Mcmahon Trustee	Shareholder/non-voting stock	1 Dec 2002	Other	85-6125494
Beckie Rae Hanttula	Treasurer	1 Dec 2003	Other	2614134
David Andrew Rodriguez	Chief compliance officer	1 Nov 2004	Other	1476532
Benjamin David Wiesenfeld	Interim chief compliance officer	1 Jun 2006	Other	4953234
Carolyn Marie Dobbs	Treasurer/corporate secretary	1 Feb 2007	Other	4555637
Beckie Rae Hanttula	Corporate secretary	1 Feb 2007	Other	2614134
Stephen John Velie	Chief compliance officer	1 Jul 2009	Other	5699172
Michael Gerard Doorley	Chief operating officer	1 Jun 2013	Other	1216784
Brian John Mcmahon	Vice chairman	1 Jan 2016	Other	1355122
Jason Henry Brady	President and chief executive officer	1 Jan 2016	Other	4464794
Nimish Sanjay Bhatt	Chief financial officer/treasurer	1 Aug 2016	Other	2789977
Eliot Cutler	Director	1 Oct 2017	Other	6934237
Joshua Gotbaum	Director	1 Mar 2019	Other	2032111

Based in Santa Fe

The principal office where Thornburg Investment Management Inc performs its advisory services is located at 2300 North Ridgetop Road, Santa Fe, NM 87506, 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 505-467-7200 or by fax 505-467-7116. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at thornburg.com.