Fenix Asset Management, LLC (New York)

Fenix Asset Management, LLC is a mid-sized advisory firm based in New York. It manages $37.12 million of regulatory assets for 314 client accounts. It has been registered with the SEC as an adviser since 2017.

Fenix Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fenix Asset Management: assets under management

The assets under management (AUM) of Fenix Asset Management, LLC is $37.12 million. $37.12 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.41 million in discretionary accounts and $35.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $170.03 thousand.

Investments

The firm invests in non-exchange traded securities the most. They account for 27% of the total AUM. The second-largest asset type is other assets, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fenix Asset Management, LLC for their services and products based on a percentage of assets under management and commissions. 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 Fenix Asset Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Fenix Asset Management is individuals with 284 clients and $25.14 million of assets under management. Among the 1 most similar advisory firms, Fenix Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $37.12 million for 314 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Fenix Asset Management doesn't advise any private funds.

Careers at Fenix Asset Management, LLC

The company employs 5 people that are either part- or full-time employees. 20 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

Name	Entity	Date acquired	Ownership	Employer ID
Julian Galvez Pourtale	Managing director & cco	1 Oct 2017	75% - 100%	4474817

Based in New York

The principal office where Fenix Asset Management, LLC performs its advisory services is located at 14 Wall Street, New York, NY 10005, 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 212-618-1956. The normal business hours are 9 am to 5 pm on Other.