Fig LLC is a large advisory firm based in New York. It manages $87.74 billion of regulatory assets for 277 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California and New York.
Fig provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and consulting services, asset management, and management of collateralized 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.
The assets under management (AUM) of Fig LLC is $87.74 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 150% since the beginning of its operation, and $32 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Fig LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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 pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Fig is pooled investment vehicles with 271 clients and $51.5 billion of assets under management. Among the 8 most similar advisory firms, Fig has the 4th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $87.74 billion for 277 clients. 64% of the firm’s clients are foreign persons or businesses.
Fig also advises several private funds. Namely, two hundred twenty two hedge funds, eight private equity funds, and twenty four securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $20,000,000.
The company employs 906 people that are either part- or full-time employees. 24 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 compensates 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 Fig LLC performs its advisory services is located at 1345 Avenue Of The Americas, New York, NY 10105, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-798-6100 or by fax 917-591-8633. The normal business hours are 8am - 6pm on Monday - Friday. You can find more information about the New York firm at fortress.com.