Paine Schwartz Partners, LLC (New York)

Name: Paine Schwartz Partners, LLC
Address: 475 Fifth Avenue, New York, NY, 10017
Telephone: 212-379-7200

Paine Schwartz Partners, LLC is a large advisory firm based in New York. It manages $2.44 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California and New York.

Paine Schwartz Partners 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.

Paine Schwartz Partners: assets under management

The assets under management (AUM) of Paine Schwartz Partners, LLC is $2.44 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 74% since the beginning of its operation, and $2.44 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.44 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $152.54 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paine Schwartz Partners, LLC for their services and products based on a percentage of assets under management 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 William Dexter Paine serves?

The only and largest group of clients of William Dexter Paine is pooled investment vehicles with 16 clients and $2.44 billion of assets under management. Among the 10 most similar advisory firms, Paine Schwartz Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.44 billion for 16 clients. 100% of the firm’s clients are foreign persons or businesses.

Paine Schwartz Partners also advises several private funds. Namely, sixteen private equity funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $10,000,000.

Careers at Paine Schwartz Partners, LLC

The company employs 28 people that are either part- or full-time employees. 68 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.

William Dexter Paine has been acting as President since 1 Mar 2006. Gerald Irving Adler joined the executive team most recently as the Chief Operating Officer And General Counsel And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Monk Meyer	Chief financial officer	1 Mar 2006	Other	6000502
William Dexter Paine	Chairman	1 Mar 2006	Other	1648912
Kevin Michael Schwartz	Chief executive officer	1 Mar 2006	Other	2928230
L.P. Paine Schwartz Partners Founders	Sole member & managing member	1 Dec 2009	75% - 100%	20-4568109
Gerald Irving Adler	Chief operating officer and general counsel and chief compliance officer	1 Feb 2012	Other	6024582
Gerald Adler	Chief operating officer and general counsel and chief compliance officer	1 Feb 2012	Other	6024582

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
William Dexter Paine	Trustee	1 Oct 1994	Other	1648912
Susan Levin Paine	Trustee	1 Oct 1994	Other	6026175
Kevin Michael Schwartz	Trustee	1 Mar 2007	Other	2928230
Christine Neuman Schwartz	Trustee	1 Mar 2007	Other	6174898
Llc Paine Schwartz Partners Founders Gp	General partner	1 Dec 2009	Other	27-1615697
Paine Family Trust	Limited partner	1 Dec 2009	50% - 75%	xxx-xx-xxxx
William Dexter Paine	Managing member	1 Dec 2009	Other	1648912
2007 The Kevin And Christine Schwartz Family Trust U/D/T Dated March 11	Member	1 Dec 2009	25% - 50%	xxx-xx-xxxx

Based in New York

The principal office where Paine Schwartz Partners, LLC performs its advisory services is located at 475 Fifth Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in San Mateo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-379-7200 or by fax 212-379-7235. The normal business hours are 8 am - 6 pm on Monday - Friday. You can find more information about the New York firm at paineschwartz.com and its LinkedIn profile.