Pretium Mortgage Credit Management, LLC (New York)
Pretium Mortgage Credit Management, LLC is a large advisory firm based in New York. It manages $3.71 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Minnesota and New York.
Pretium Mortgage Credit 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.
Pretium Mortgage Credit Management: assets under management
The assets under management (AUM) of Pretium Mortgage Credit Management, LLC is $3.71 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1088% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Pretium Mortgage Credit 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 Pretium Mortgage Credit Management serves?
The only and largest group of clients of Pretium Mortgage Credit Management is pooled investment vehicles with 1 clients and $3.71 billion of assets under management. Among the 8 most similar advisory firms, Pretium Mortgage Credit Management has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $3.71 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.
Pretium Mortgage Credit Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.
Careers at Pretium Mortgage Credit Management, LLC
The company employs 56 people that are either part- or full-time employees. 32 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.
Donald Robert Mullen has served as the Chief Investment Officer since 1 Jan 2014. John Mario Lynch joined the executive team most recently as the Advisory Partner.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 16 indirect owners.Based in New York
The principal office where Pretium Mortgage Credit Management, LLC performs its advisory services is located at 810 Seventh Avenue, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in Minneapolis, MN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-257-5757. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at pretiumpartnersllc.com.
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