Tiff Advisory Services, Inc. is a large advisory firm based in Radnor. It manages $5.69 billion of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Delaware, Maryland, Massachusetts, Pennsylvania, and Texas.
Tiff Advisory Services provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. 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 Tiff Advisory Services, Inc. is $5.69 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 123% since the beginning of its operation, and $495.05 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Tiff Advisory Services, Inc. for their services and products based on a percentage of assets under management, fixed fees, 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 investment companies, charitable organizations, and pooled investment vehicles. The largest group of clients of Richard Joseph Flannery is investment companies with 2 clients and $2.82 billion of assets under management. Among the 9 most similar advisory firms, Tiff Advisory Services has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $5.69 billion for 45 clients. 4% of the firm’s clients are foreign persons or businesses.
Tiff Advisory Services also advises several private funds. Namely, thirty six hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.
The company employs 73 people that are either part- or full-time employees. 26 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.
Richard Joseph Flannery has been acting as President since 1 Jan 2004. Jay Lynn Willoughby has served as the Chief Investment Officer since 1 Oct 2015. Kim Yvonne Lew joined the executive team most recently as the Director.
The principal office where Tiff Advisory Services, Inc. performs its advisory services is located at 170 N. Radnor Chester Rd, Radnor, PA 19087, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 610-684-8200 or by fax 610-684-8080. The normal business hours are 9 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at tiff.org.