Healthcare Royalty Management, LLC (Stamford)

Name: Healthcare Royalty Management, LLC
Address: 300 Atlantic Street, Stamford, CT, 06901
Telephone: 203-388-9080

Healthcare Royalty Management, LLC is a large advisory firm based in Stamford. It manages $2.53 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Connecticut, and Massachusetts.

Healthcare Royalty Management provides 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.

Healthcare Royalty Management: assets under management

The assets under management (AUM) of Healthcare Royalty Management, LLC is $2.53 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.53 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $194.4 million each.

Healthcare Royalty Management has custody of $1.28 billion in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Healthcare Royalty Management, 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.

What kind of clients Healthcare Royalty Management serves?

The only and largest group of clients of Healthcare Royalty Management is pooled investment vehicles with 13 clients and $2.53 billion of assets under management. Among the 8 most similar advisory firms, Healthcare Royalty Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.53 billion for 13 clients. None of the firm’s clients are foreign persons or businesses.

Healthcare Royalty Management also advises several private funds. Namely, eight private equity funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Healthcare Royalty Management, LLC

The company employs 20 people that are either part- or full-time employees. 75 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
Thomas Kreuz Conner	Chief financial officer	1 Apr 1992	Other	3197436
Clarke Brannen Futch	Founding managing director (and direct owner of the relying adviser)	1 Dec 2006	25% - 50%	1988666
Todd Christopher Davis	Founding managing director (and direct owner of the relying adviser)	1 Dec 2006	25% - 50%	4196452
Llc Vanderbilt Capital Partners	Manager	1 Dec 2006	50% - 75%	20-8836442
Paul Hadden	Managing director	1 Apr 2007	Other	5329544
Llc Cowen Capital Partners Ii	Member	1 May 2007	50% - 75%	38-3758520
Gregory Bailey Brown	Managing director (and direct owner of the relying adviser)	1 Oct 2007	25% - 50%	2330935
Matthew Quinn Reber	Managing director	1 Jan 2008	Other	3086404
Andrew Thomas Reardon	Vice president - legal	1 Jul 2011	Other	2602507
Spencer Harris Schneider	Chief compliance officer	1 Feb 2012	Other	6033197
Christopher Andrew White	Chief operating officer	1 Dec 2014	Other	2963526
Warren H Cooper	Chief medical officer	1 Jan 2017	Other	5422700

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Cowen Group	Parent	1 Dec 2006	75% - 100%	27-0423711
Inc. Cowen	Parent	1 Dec 2006	75% - 100%	27-0423711

Based in Stamford

The principal office where Healthcare Royalty Management, LLC performs its advisory services is located at 300 Atlantic Street, Stamford, CT 06901, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-388-9080 or by fax 646-562-1293. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at cowenroyalty.com.