Acon Equity Management L.L.C. is a large advisory firm based in Washington. It manages $2.81 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California and District of Columbia.
Acon Equity Management L.L.C 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.
The assets under management (AUM) of Acon Equity Management L.L.C. is $2.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 782% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Acon Equity Management L.L.C. 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.
The only and largest group of clients of Acon Equity Management L.L.C is pooled investment vehicles with 22 clients and $2.81 billion of assets under management. Among the 13 most similar advisory firms, Acon Equity Management L.L.C has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $2.81 billion for 22 clients. 5% of the firm’s clients are foreign persons or businesses.
Acon Equity Management L.L.C also advises several private funds. Namely, twenty two private equity funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $5,000,000.
The company employs 39 people that are either part- or full-time employees. 62 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.
The principal office where Acon Equity Management L.L.C. performs its advisory services is located at 1133 Connecticut Ave, Nw, Washington, DC 20036, 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 202-454-1100 or by fax 202-454-1101. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at aconinvestments.com.