Springowl Associates LLC (New York)

Name: Springowl Associates LLC
Address: 767 Third Avenue, New York, NY, 10017
Telephone: 212-445-7800

Springowl Associates LLC is a large advisory firm based in New York. It manages $183.45 million of regulatory assets for 44 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of New Hampshire and New York.

Springowl Associates provides portfolio management for individuals and small businesses and 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.

Springowl Associates: assets under management

The assets under management (AUM) of Springowl Associates LLC is $183.45 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -34% since the beginning of its operation, and $81.08 million of the total AUM is attributable to clients outside of the United States.

The firm manages $183.45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.17 million each.

Springowl Associates has custody of $71.04 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 30% of the firm’s portfolio. Investments in non-exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Springowl Associates LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Barry Arnold Konig serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Barry Arnold Konig is pooled investment vehicles with 5 clients and $71.04 million of assets under management. Among the 12 most similar advisory firms, Springowl Associates has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $87.69 million for 28 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 14% of the firm’s clients are foreign persons or businesses.

Springowl Associates also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Springowl Associates LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 4 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.

Barry Arnold Konig has been acting as President since 1 Nov 2013. John Kevin Lewis joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ader Fund Management Llc	General partner - ader investment management lp (relying adviser)	1 Dec 2002	Other	81-0587520
Jason Nathaniel Ader	Limited partner - ader investment management lp (relying adviser)	1 Dec 2002	75% - 100%	2412159
Andrew Michael Wallach	Co-chief executive officer	1 Nov 2013	Other	1392240
Barry Arnold Konig	Director	1 Nov 2013	Other	4944939
Springowl Asset Management Llc	Member	1 Nov 2013	75% - 100%	46-3969379
Laura Theresa Conover Ferchak	Chief operating officer, chief compliance officer	1 Nov 2013	Other	4880870
Andrew Paul Nelson	Chief financial officer	1 Nov 2013	Other	5657501
Daniel Braun Silvers	President	1 Nov 2013	Other	2897634
Jason Nathaniel Ader	Chief compliance officer	1 Jun 2015	Other	2412159
Andrew Michael Wallach	Partner	1 Mar 2016	Other	1392240
Jason Nathaniel Ader	Chief executive officer	1 Mar 2016	Other	2412159
Ivan Nick Ivankovich	Chief financial officer	1 Mar 2016	Other	5050876
Michael Joseph Panzner	Chief compliance officer / chief operating officer	1 Mar 2016	Other	1705724
Ivan N Ivankovich	Chief financial officer	1 Mar 2016	Other	5050876
John Michael Noone	Director and interim cfo	1 Jul 2017	Other	6057635
John Kevin Lewis	Chief financial officer	1 Jan 2018	Other	6926625

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ader Investment Management Llc	Member	1 Nov 2013	50% - 75%	46-4191170
Jason Nathaniel Ader	Member	1 Nov 2013	75% - 100%	2412159
Ader Investment Management Llc	Member	1 Mar 2016	75% - 100%	46-4191170

Based in New York

The principal office where Springowl Associates LLC performs its advisory services is located at 767 Third Avenue, New York, NY 10017, 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 212-445-7800 or by fax 212-445-7801. The normal business hours are 9:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at aderinv.com.