Iadvise Partners LLC (New York)

Name: Iadvise Partners LLC
Address: 747 Third Avenue, New York, NY, 10007
Telephone: 212-686-4601

Iadvise Partners LLC is a large advisory firm based in New York. It manages $150.66 million of regulatory assets for 37 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Iadvise Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Iadvise Partners: assets under management

The assets under management (AUM) of Iadvise Partners LLC is $150.66 million. The firm's AUM has grown by 12% since the beginning of its operation, and $150.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $69.51 million in discretionary accounts and $81.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.53 million.

Iadvise Partners has custody of $16.68 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 19% of the total AUM. The second-largest asset type is other assets, which make up 18% of the firm’s portfolio. Investments in investment grade corporate bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Iadvise Partners LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Victor Manuel Gil serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Victor Manuel Gil is high net worth individuals with 7 clients and $149.15 million of assets under management. Among the 11 most similar advisory firms, Iadvise Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $150.66 million for 8 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Iadvise Partners doesn't advise any private funds.

Careers at Iadvise Partners LLC

The company employs 3 people that are either part- or full-time employees. 67 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Victor Manuel Gil has been acting as President since 1 Aug 2013. Iadvise Family Office S.L. joined the executive team most recently as the Managing Member/Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Victor Manuel Gil	President/ceo	1 Aug 2013	50% - 75%	3081913
Carmen Penaranda	Chief compliance officer	1 Aug 2013	Other	3209635
Iadvise Family Office S.L.	Managing member/partner	1 Mar 2015	75% - 100%	b-87115176

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Victor Manuel Gil	Majority shareholder	1 Mar 2015	50% - 75%	3081913
Carmen Penaranda	Shareholder	1 Mar 2015	Other	3209635
S.A. U1st Sports	Shareholder	1 Mar 2015	Other	a-83498089
Munlard S.L.	Shareholder	1 Mar 2015	Other	b-47624911
Pablo Rodriguez Herra	Shareholder	1 Mar 2015	Other	6469935
Jose Luis Duran Schulz	Shareholder	1 Mar 2015	Other	6469937

Based in New York

The principal office where Iadvise Partners LLC performs its advisory services is located at 747 Third Avenue, New York, NY 10007, 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 212-686-4601 or by fax 212-686-4601. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at iadvisepartners.com.