Fco Advisors LP (New York)


Fco Advisors LP is a large advisory firm based in New York. It manages $2.53 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Fco Advisors 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.

Fco Advisors: assets under management

The assets under management (AUM) of Fco Advisors LP is $2.53 billion. The firm's AUM has grown by 41% since the beginning of its operation, and $1.23 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.28 billion in discretionary accounts and $250 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $228.36 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $250 million.

Investments

The firm invests in state and local bonds the most. They account for 79% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fco Advisors LP 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 Fco Advisors serves?

The only and largest group of clients of Fco Advisors is pooled investment vehicles with 9 clients and $1.54 billion of assets under management. Among the 10 most similar advisory firms, Fco Advisors has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.54 billion for 9 clients. 60% of the firm’s clients are foreign persons or businesses.

Fco Advisors also advises several private funds. Namely, three hedge funds and one private equity fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Fco Advisors LP

The company employs 12 people that are either part- or full-time employees. 50 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
Fco Management Llc General partner 1 Nov 2012 Other 45-5541197
Laurence L. Gottlieb Chairman and co-ceo 1 Nov 2012 Other 4848598
Hector Emilio Negroni Co-ceo, cio and limited partner 1 Nov 2012 25% - 50% 2102883
Fundamental Advisors Lp Limited partner 1 Nov 2012 50% - 75% 157899
Bruce Evan Kayle Senior advisor 1 Jan 2014 Other 6286977
Justin Michael Vinci Chief financial officer 1 Dec 2014 Other 5932433
Robyn Arlene Huffman Chief compliance officer and general counsel 1 Jan 2015 Other 6438810
Sudarshan P Purushothaman Limited partner 1 Mar 2018 Other 5376664
Nicholas Laduc Campany Limited partner 1 Mar 2018 Other 4985703
Llc White Oak Fco Limited partner 1 Mar 2018 25% - 50% 82-4137628

Indirect Owners

The SEC currently registers 9 indirect owners.

Name Entity Date acquired Ownership Employer ID
Fundamental Advisors Group Llc Partner 1 Apr 2007 Other 26-0161910
Laurence L. Gottlieb Member 1 Apr 2007 75% - 100% 4848598
Laurence L. Gottlieb Partner 1 Jun 2007 75% - 100% 4848598
Fundamental Advisors Holdings L.P. Partner 1 Nov 2012 75% - 100% 26-0415105
Baxter Oak Investments Llc Member 1 Mar 2018 75% - 100% 61-1871170
Waterville Partners Lp Member 1 Mar 2018 75% - 100% 22-3256345
Jeffrey Richard Walsh Manager 1 Mar 2018 Other 2213460
Llc Jupiter Capital Management Partners General partner 1 Mar 2018 Other 22-3075648
Oci Trust 2010 Limited partner 1 Mar 2018 25% - 50% 27-6965369

Based in New York

The principal office where Fco Advisors LP performs its advisory services is located at 745 Fifth Avenue, New York, NY 10151, 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 212-205-5000 or by fax 212-205-5022. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at fundamentaladvisorslp.com/.