Flexstone Partners, LLC (New York)

Name: Flexstone Partners, LLC
Address: 745 Fifth Avenue, 28 Th Floor, New York, NY, 10151
Telephone: 212-703-0300

Flexstone Partners, LLC is a large advisory firm based in New York. It manages $3.41 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2019.

Flexstone 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.

Flexstone Partners: assets under management

The assets under management (AUM) of Flexstone Partners, LLC is $3.41 billion. The firm's AUM has grown by 0% since the beginning of its operation, and $2.78 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $630.32 million in discretionary accounts and $2.78 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $105.05 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $252.46 million.

Flexstone Partners has custody of $3.22 billion in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Flexstone Partners, LLC 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 Flexstone Partners serves?

The only and largest group of clients of Flexstone Partners is pooled investment vehicles with 17 clients and $3.41 billion of assets under management. Among the 11 most similar advisory firms, Flexstone Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.41 billion for 17 clients. 6% of the firm’s clients are foreign persons or businesses.

Flexstone Partners also advises several private funds. Namely, fourteen private equity funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $1,000,000.

Careers at Flexstone Partners, LLC

The company employs 15 people that are either part- or full-time employees. 47 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Satyan Malhotra	President, chief financial officer and chief compliance officer	1 Mar 2008	Other	4687850
Nitin Gupta	Manager	1 Mar 2008	Other	2504496
Benoit Jacquin	Manager	1 Apr 2013	Other	6895220
Eric Deram	Manager	1 Jan 2018	Other	6895252
Flexstone Partners Sas	Member	1 Sep 2018	75% - 100%	foreign entity
Paul Marc Marie Jacques Lachaud	Chief compliance officer	1 Aug 2019	Other	6769832

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bpce	Shareholder	1 Jul 2009	50% - 75%	foreign entity
Natixis	Shareholder	1 Sep 2011	75% - 100%	foreign entity
Natixis Investment Managers	Shareholder	1 Sep 2018	75% - 100%	foreign entity

Based in New York

The principal office where Flexstone Partners, LLC performs its advisory services is located at 745 Fifth Avenue, 28 Th Floor, New York, NY 10151, 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 212-703-0300 or by fax 212-703-0310. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at flexstonepartners.com/.