Certares Management LLC (New York)

Certares Management LLC is a large advisory firm based in New York. It manages $914.16 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018.

Certares 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.

Certares Management: assets under management

The assets under management (AUM) of Certares Management LLC is $914.16 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 42% since the beginning of its operation, and $914.16 million of the total AUM is attributable to clients outside of the United States.

The firm manages $914.16 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $304.72 million each.

Certares Management has custody of $96 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Certares Management 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 Certares Management serves?

The only and largest group of clients of Certares Management is pooled investment vehicles with 3 clients and $914.16 million of assets under management. Among the 9 most similar advisory firms, Certares Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $914.16 million for 3 clients. 100% of the firm’s clients are foreign persons or businesses.

Certares Management also advises several private funds. Namely, three private equity funds.

Careers at Certares Management LLC

The company employs 19 people that are either part- or full-time employees. 68 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

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in New York

The principal office where Certares Management LLC performs its advisory services is located at 350 Madison 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 1-212-624-2940 or by fax 1-212-624-2941. The normal business hours are 9:00 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at certares.com.

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