J. Goldman & Co., L.P. (New York)


J. Goldman & Co., L.P. is a large advisory firm based in New York. It manages $1.69 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

J. Goldman & Co. 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.

J. Goldman & Co.: assets under management

The assets under management (AUM) of J. Goldman & Co., L.P. is $1.69 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 89% since the beginning of its operation, and $270.88 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.69 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $338.58 million each.
J. Goldman & Co. has custody of $1.69 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay J. Goldman & Co., L.P. 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.

What kind of clients Joseph Russell Magaro serves?

The only and largest group of clients of Joseph Russell Magaro is pooled investment vehicles with 5 clients and $1.69 billion of assets under management. Among the 9 most similar advisory firms, J. Goldman & Co. has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.69 billion for 5 clients. 60% of the firm’s clients are foreign persons or businesses.

J. Goldman & Co. also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at J. Goldman & Co., L.P.

The company employs 70 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 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.

Joseph Russell Magaro has been acting as President since 1 Jan 2015. Jgg 2010 Trust joined the executive team most recently as the Shareholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jay Glenn Goldman Chief executive officer 1 Mar 1986 Other 709115
Adam Jordan Reback Chief compliance officer 1 Jun 2005 Other 2239303
Albert Rinaldi Scerbo Chief financial officer 1 Jan 2006 Other 5920490
Adam Jordan Reback Chief compliance officer 1 Jun 2006 Other 2239303
Inc. J. Goldman Capital Management General partner 1 Jan 2011 Other 86-1125089
Jay Goldman & Stephanie Goldman Irrevocable Trust Limited partner 1 Jan 2011 Other 11-6466555
Goldman Descendants 2014 Trust Limited partner 1 Jan 2011 Other 11-6466555
Joseph Russell Magaro President 1 Jan 2015 Other 6448583

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Irvin Jan Goldman Trustee 1 Apr 1995 Other 1265520
Jgg 2010 Trust Shareholder 1 Jan 2011 75% - 100% xxx-xx-xxxx
Jay Glenn Goldman Trustee 1 Jan 2011 Other 709115

Based in New York

The principal office where J. Goldman & Co., L.P. performs its advisory services is located at 510 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Sag Harbor, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-262-4990 or by fax 212-262-9143. The normal business hours are 9 am - 5 pm on Monday - Friday.