Student Quarters Blue Sky LP (Atlanta)


Student Quarters Blue Sky LP is a large advisory firm based in Atlanta. It manages $235.75 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Georgia and New York.

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Student Quarters Blue Sky 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.

Student Quarters Blue Sky: assets under management

The assets under management (AUM) of Student Quarters Blue Sky LP is $235.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $235.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $23.58 million each.
Student Quarters Blue Sky has custody of $235.75 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Student Quarters Blue Sky LP 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 Andrew Parnell Feinour serves?

The only and largest group of clients of Andrew Parnell Feinour is pooled investment vehicles with 10 clients and $235.75 million of assets under management. Among the 7 most similar advisory firms, Student Quarters Blue Sky has the highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $235.75 million for 10 clients. None of the firm’s clients are foreign persons or businesses.

Student Quarters Blue Sky doesn't advise any private funds.

Careers at Student Quarters Blue Sky LP

The company employs 13 people that are either part- or full-time employees. 92 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.

Andrew Parnell Feinour has been acting as President since 1 Nov 2016. Keith Alan Jernigan joined the executive team most recently as the Chief Operations Officer, General Counsel, Chief Compliance Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Blue Sky Alternative Investments Llc Limited partner 1 Nov 2016 50% - 75% 287602
Llc Feinour Sq Limited partner 1 Nov 2016 Other 65-1292627
J Cubed Properties Llc Limited partner 1 Nov 2016 Other 46-3229933
Andrew Todd Layton Chief acquisition officer 1 Nov 2016 Other 2840991
Andrew Parnell Feinour President 1 Nov 2016 Other 6753374
Student Quarters Blue Sky Gp Llc General partner 1 Nov 2016 Other 81-4075552
Andrew Feinour President 1 Nov 2016 Other 6753374
Keith Alan Jernigan Chief operations officer, general counsel, chief compliance officer 1 Mar 2018 Other 6931724

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Blue Sky Alternative Investments Limited Owner 1 Jan 2012 75% - 100% 283142
Andrew Todd Layton Owner 1 Jul 2013 75% - 100% 2840991
Andrew Parnell Feinour Owner 1 Apr 2014 75% - 100% 6753374
Andrew Feinour Owner 1 Apr 2014 75% - 100% 6753374
Bsai International Pty Limited Owner 1 Dec 2014 75% - 100% foreign entity

Based in Atlanta

The principal office where Student Quarters Blue Sky LP performs its advisory services is located at 206 A Edgewood Ave Ne, Atlanta, GA 30303, 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 404-451-8304. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at livesq.com.