Highmore Group Advisors, LLC (New York)


Highmore Group Advisors, LLC is a large advisory firm based in New York. It manages $632.58 million of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, New Jersey, New York, and Texas.

Highmore Group Advisors provides portfolio management for individuals and small businesses, 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 also engages as direct lending services senior & mezzanine loans.

Highmore Group Advisors: assets under management

The assets under management (AUM) of Highmore Group Advisors, LLC is $632.58 million. The firm's AUM has grown by 496% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $309.06 million in discretionary accounts and $323.52 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $16.27 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $53.92 million.
Highmore Group Advisors has custody of $93.05 million in cash and securities for 4 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 67% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 30% of the firm’s portfolio. Investments in pooled investment vehicles form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Highmore Group Advisors, LLC 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.

What kind of clients Highmore Group Advisors serves?

The firm provides services to insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, and pooled investment vehicles. The largest group of clients of Highmore Group Advisors is high net worth individuals with 15 clients and $347.3 million of assets under management. Among the 6 most similar advisory firms, Highmore Group Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $632.58 million for 26 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 22% of the firm’s clients are foreign persons or businesses.

Highmore Group Advisors also advises several private funds. Namely, three hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $200,000 to $1,000,000.

Careers at Highmore Group Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 75 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 are 2 people 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Highmore Group Holdings Lp Sole member 1 Oct 2014 75% - 100% 61-1751061
Douglas Andrew Kamin Cco 1 Feb 2015 Other 1988253
Hn Hblp Llc Member 1 Dec 2015 Other 46-1415523
Jeanyong Chung Cio highmore gi capital 1 Mar 2017 Other 4176149
Joseph Richard Julian Chief compliance officer 1 Mar 2018 Other 2233025

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Highmore Group Gp Llc General partner 1 Oct 2014 Other 47-2473830
Brian Michael Altenburg Limited partner 1 Oct 2014 50% - 75% 5733823
Dipak Prafulchandra Jogia Limited partner 1 Oct 2014 50% - 75% 5263543
Wendy Kelman Neu Member 1 May 2015 75% - 100% 6294769

Based in New York

The principal office where Highmore Group Advisors, LLC performs its advisory services is located at 750 Lexington Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-255-2221 or by fax 646-467-6737. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at highmore.com.