Levin Capital Strategies, L.P. (New York)

Name: Levin Capital Strategies, L.P.
Address: 595 Madison Avenue, New York, NY, 10022 1907
Telephone: 212-259-0800

Levin Capital Strategies, L.P. is a large advisory firm based in New York. It manages $1.27 billion of regulatory assets for 175 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, Colorado, and 27 other states.

Levin Capital Strategies provides portfolio management for individuals and small businesses, 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.

Levin Capital Strategies: assets under management

The assets under management (AUM) of Levin Capital Strategies, L.P. is $1.27 billion. The firm's AUM has gone down by -40% since the beginning of its operation, and $489 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.12 billion in discretionary accounts and $148.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.42 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $148.54 million.

Levin Capital Strategies has custody of $51.93 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Levin Capital Strategies, L.P. 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.

What kind of clients Glenn Adam Aigen serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Glenn Adam Aigen is high net worth individuals with 125 clients and $910.26 million of assets under management. Among the 10 most similar advisory firms, Levin Capital Strategies has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.27 billion for 178 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Levin Capital Strategies also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Levin Capital Strategies, L.P.

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Glenn Adam Aigen has been acting as President since 1 May 2006. John A. Levin 2005 Separation Trust joined the executive team most recently as the Limited Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Andrew Levin	Chairman and ceo	1 Sep 2005	Other	1209729
Richard Scott Root	Chief financial officer	1 Sep 2005	Other	2548337
Grace Kay Bosserman	Chief operating officer	1 Sep 2005	Other	1632724
Llc Levin Capital Strategies Gp	General partner	1 Sep 2005	Other	87-0753484
Elizabeth Levin	Trustee (john a. levin 2005 grat separation trust)	1 Sep 2005	Other	1862791
Daniel Edward Aron	Head trader	1 Sep 2005	Other	1171961
Gp Llc Levin Capital Strategies	General partner	1 Sep 2005	Other	87-0753484
Alexa Noelle Model	Chief compliance officer	1 Sep 2005	Other	2206114
John A. Levin 2005 Grat	Trust	1 Sep 2005	75% - 100%	13-7477322
Raymond Francis Ottusch	Chief compliance officer	1 Feb 2006	Other	2438748
Glenn Adam Aigen	President	1 May 2006	Other	2436769
John A. Levin 2005 Separation Trust	Limited partner	1 Sep 2007	75% - 100%	20-7470273

Based in New York

The principal office where Levin Capital Strategies, L.P. performs its advisory services is located at 595 Madison Avenue, New York, NY 10022 1907, 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 212-259-0800 or by fax 212-259-0808. The normal business hours are 9:00am - 5:30pm on Monday - Friday. You can find more information about the New York firm at levincap.com/.