Vip Capital Management, L.P. (New York)


Vip Capital Management, L.P. is a large advisory firm based in New York. It manages $162.41 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2013.

Vip Capital 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.

Vip Capital Management: assets under management

The assets under management (AUM) of Vip Capital Management, L.P. is $162.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $162.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $162.41 million each.
Vip Capital Management has custody of $162.41 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vip Capital Management, L.P. 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 Vip Capital Management serves?

The only and largest group of clients of Vip Capital Management is pooled investment vehicles with 1 clients and $162.41 million of assets under management. Among the 10 most similar advisory firms, Vip Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $162.41 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Vip Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Vip Capital Management, L.P.

The company employs 4 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
Richard Reiss Manager 1 Dec 2007 Other 373864
Above All Advisors Llc Limited partner 1 Dec 2007 Other 13-4149169
Reiss Capital Management Llc General partner 1 Dec 2007 25% - 50% 13-3915207
Adelson Partners Llc Limited partner 1 Dec 2007 Other 20-1459156
William Bruce Ginsberg Limited partner 1 Dec 2007 Other 222229
David Andrew Reilly Chief financial officer / chief compliance officer 1 May 2008 Other 6049108
Lauren Reiss Frank Chief operating officer 1 May 2008 Other 6049121
Lauren Frank Chief operating officer 1 May 2008 Other 6049121

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Andrew Scott Adelson Member 1 Jul 2004 50% - 75% 1102364
The Richard Reiss Revocable Trust Member 1 Dec 2007 25% - 50% xxx-xx-xxxx
The Bonnie Reiss Revocable Trust Member 1 Dec 2007 25% - 50% xxx-xx-xxxx
Kent Tucker Andersen Member 1 Dec 2007 75% - 100% 4736

Based in New York

The principal office where Vip Capital Management, L.P. performs its advisory services is located at 152 West 57 Th Street, New York, NY 10019, 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 212-277-5600. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday.