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Forstmann Leff Associates, LLC (New York)


Forstmann Leff Associates, LLC is a large advisory firm based in New York. It manages $1.86 billion of regulatory assets for 547 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

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Forstmann Leff Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, pension consulting services, and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Forstmann Leff Associates: assets under management

The assets under management (AUM) of Forstmann Leff Associates, LLC is $1.86 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 45% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $1.86 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.4 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Forstmann Leff Associates, LLC 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.

Careers at Forstmann Leff Associates, LLC

Elizabeth Dater has served as the Chief Investment Officer since 1 Mar 2004. Thomas A Galvin joined the executive team most recently as the Senior Managing Director, Chair Of Investment Strategy Comm.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Joel Basil Leff Manager, chairman 1 May 1999 Other 1703726
William Francis Harnisch Manager, ceo & president 1 May 1999 Other 1579102
Philip Roger Bennett Manager 1 May 1999 Other 1367524
Santo Charles Maggio Manager 1 May 1999 Other 1435081
Philip Silverman Manager 1 May 1999 Other 4392215
Llc ("Rgl") Refco Group Ltd. Member of fla (the registrant) 1 May 1999 75% - 100% 52-2169014
Llc ("Rgl") Refco Group Limited Member of fla (the registrant) 1 May 1999 75% - 100% 52-2169014
Robert Charles Trosten Manager 1 Aug 1999 Other 4363977
Joseph James Murphy Manager 1 Aug 1999 Other 1857456
Joseph William Sullivan Manager, executive v.p. 1 Mar 2000 Other 1129689
Kristin Brett Mariani Director of compliance 1 Aug 2000 Other 2740967
Mayra Woo Manager, executive v.p. 1 Jan 2001 Other 2545814
Thomas A Calvin Member of investment committee 1 Jun 2001 Other 1892625
Thomas A Galvin Member of investment committee 1 Jun 2001 Other 1892625
Michael Cook Member of investment committee 1 May 2002 Other 2493208
William L Potter Senior vice president 1 Mar 2003 Other 2580984
William Francis Harnisch Manager, chairman 1 Jul 2003 Other 1579102
Thomas A Galvin Manager, executive vice president 1 Jul 2003 Other 1892625
Michael Cook Senior vice president 1 Jul 2003 Other 2493208
Thomas Michael Hackl Manager 1 Jul 2003 Other 4597672
Richard Mark Goldman President and ceo 1 Aug 2003 Other 4408256
Elizabeth Dater Chief investment officer 1 Mar 2004 Other 2303551
Stephen Joseph Lurito Sr. portfolio manager, director of research 1 Mar 2004 Other 1498167
Seimin Oh Sr. portfolio manager, sr. research analyst 1 Mar 2004 Other 4649478
Nancy Briggs Tooke Chief investment officer 1 Jun 2004 Other 448094
Christopher John Fasciano Senior portfolio manager 1 Jun 2004 Other 2715800
Inc. ("Rghi") Refco Group Holdings Member of fla (the registrant) 1 Aug 2004 75% - 100% 36-3366699
Kristin Brett Mariani Chief compliance officer 1 Oct 2004 Other 2740967
Llc Forstmann Leff International Associates Class a member of fla (the registrant) 1 Oct 2004 50% - 75% 52-2169016
Llc Forstmann Leff Participation Class b member of fla (the registrant) 1 Oct 2004 25% - 50% 20-1767570
William L Potter Co-chief investment officer 1 Dec 2004 Other 2580984
Gustave Joseph Scacco Sr. portfolio manager 1 Dec 2004 Other 2539326
Mark Bergen Chief operating officer 1 Feb 2005 Other 4918787
Philip Silverman Manager 1 Aug 2005 Other 4392215
Mark Bergen Managing partner, chief operating officer 1 Oct 2005 Other 4918787
Inc. Blueco Member 1 Dec 2005 50% - 75% 20-3921707
John Parker Rhodes Manager 1 Dec 2005 Other 1570758
Thomas A Galvin Senior managing director, chair of investment strategy comm 1 Jan 2006 Other 1892625
Gustave Joseph Scacco Managing director, sr. portfolio manager 1 Jan 2006 Other 2539326
Peter William Hermann Managing director, sr. portfolio manager 1 Jan 2006 Other 2486829

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Philip Roger Bennett Shareholder 1 Aug 1986 50% - 75% 1367524
Tone North Grant Shareholder 1 Aug 1986 50% - 75% 1367790
Inc. ("Rghi") Refco Group Holdings Member 1 May 1999 75% - 100% 36-3366699
Philip Roger Bennett Shareholder 1 Aug 2004 75% - 100% 1367524
Inc. ("Rghi") Refco Group Holding Member of flia 1 Aug 2004 75% - 100% 36-3366699
Henry Sean Mathis Shareholder holding shares in trust f/b/o fla 1 Dec 2005 75% - 100% 1863889

Based in New York

The principal office where Forstmann Leff Associates, LLC performs its advisory services is located at 590 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212 644-9888 or by fax 212 588-0549. 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 www.forstmannleff.com.


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