Sofinnova Investments, Inc. is a large advisory firm based in Menlo Park. It manages $2.08 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of California.
Sofinnova Investments 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.
The assets under management (AUM) of Sofinnova Investments, Inc. is $2.08 billion, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Sofinnova Investments, Inc. 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 firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Sofinnova Investments is pooled investment vehicles with 7 clients and $1.62 billion of assets under management. Among the 7 most similar advisory firms, Sofinnova Investments has the 2nd lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $2.08 billion for 9 clients. 44% of the firm’s clients are foreign persons or businesses.
Sofinnova Investments also advises several private funds. Namely, one hedge fund and four venture capital funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $3,000,000.
The company employs 28 people that are either part- or full-time employees. 46 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 Sofinnova Investments, Inc. performs its advisory services is located at 3000 Sand Hill Road, Menlo Park, CA 94025, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 650-681-8420 or by fax 650-322-2037. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at sofinnova.com/.