Lord, Abbett & Co. LLC is an investment adviser to an investment company based in Jersey City. It manages $182.63 billion of regulatory assets for 15,836 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Lord, Abbett & provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and impersonal investment advisory 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.
The assets under management (AUM) of Lord, Abbett & Co. LLC is $182.63 billion. The firm's AUM has grown by 325% since the beginning of its operation, and $8.83 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Lord, Abbett & Co. LLC for their services and products based on a percentage of assets under management, fixed fees, 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.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lord, Abbett & is investment companies with 69 clients and $152.77 billion of assets under management. Among the 9 most similar advisory firms, Lord, Abbett & has the 3rd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $182.12 billion for 15,834 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Lord, Abbett & also advises several private funds. Namely, four other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 783 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 229 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Lord, Abbett & Co. LLC performs its advisory services is located at 90 Hudson Street, Jersey City, NJ 07302 3973, 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 201-827-2000 or by fax 201-536-3979. 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 lordabbett.com.