Echo Street Capital Management, LLC (New York)

Name: Echo Street Capital Management, LLC
Address: 10 East 53 Rd Street, New York, NY, 10022
Telephone: 212-751-2424

Echo Street Capital Management, LLC is a large advisory firm based in New York. It manages $6.37 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Echo Street Capital 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.

Echo Street Capital Management: assets under management

The assets under management (AUM) of Echo Street Capital Management, LLC is $6.37 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1217% since the beginning of its operation, and $1.21 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.37 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $578.72 million each.

Echo Street Capital Management has custody of $749.3 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 30% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Echo Street Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Echo Street Capital Management serves?

The only and largest group of clients of Echo Street Capital Management is pooled investment vehicles with 9 clients and $5.62 billion of assets under management. Among the 6 most similar advisory firms, Echo Street Capital Management has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.62 billion for 9 clients. 27% of the firm’s clients are foreign persons or businesses.

Echo Street Capital Management also advises several private funds. Namely, four hedge funds and three other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Echo Street Capital Management, LLC

The company employs 25 people that are either part- or full-time employees. 76 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
Gregory Brian Poole	Managing member	1 Feb 2002	75% - 100%	2784295
David Maxwell Elias	Chief compliance officer	1 Nov 2004	Other	4191711
David Maxwell Elias	Chief operating officer and chief financial officer	1 Sep 2015	Other	4191711
Kate Elizabeth Bacon	Chief compliance officer and general counsel	1 Sep 2015	Other	6561589
Courtney Brooke Posner	Chief compliance officer and general counsel	1 Mar 2017	Other	6774859

Based in New York

The principal office where Echo Street Capital Management, LLC performs its advisory services is located at 10 East 53 Rd Street, New York, NY 10022, 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 212-751-2424 or by fax 212-647-8189. The normal business hours are 9-6 on Monday - Friday. You can find more information about the New York firm at echostreetcapital.com.