Marshall Wace North America L.P. (New York)


Marshall Wace North America L.P. is a large advisory firm based in New York. It manages $20.32 billion of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, New York, and Pennsylvania.

Marshall Wace North America 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.

Marshall Wace North America: assets under management

The assets under management (AUM) of Marshall Wace North America L.P. is $20.32 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3916% since the beginning of its operation, and $19.13 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $20.32 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.02 billion each.
Marshall Wace North America has custody of $20.32 billion in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marshall Wace North America L.P. 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 Marshall Wace North America serves?

The only and largest group of clients of Marshall Wace North America is pooled investment vehicles with 20 clients and $20.32 billion of assets under management. Among the 9 most similar advisory firms, Marshall Wace North America has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $20.32 billion for 20 clients. 70% of the firm’s clients are foreign persons or businesses.

Marshall Wace North America also advises several private funds. Namely, sixteen hedge funds. The minimum investment commitment required of non-related persons ranges from $112,071 to $500,000,000.

Careers at Marshall Wace North America L.P.

The company employs 60 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives 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.

Courtney E.K. Lewis joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Marshall Wace Llp Limited partner 1 Jun 2004 Other 98-0430284
Marshall Wace Llc General partner 1 Jun 2004 Other 47-0943018
Michael Manning Sargent Chief executive officer 1 Jun 2004 Other 2189604
Suzan Rose Chief compliance officer 1 Oct 2004 Other 2936935
Mwam Na Limited Limited partner 1 Jul 2011 75% - 100% foreign
Mms One Llc Limited partner 1 Jul 2011 Other xxx-xx-xxxx
Sven Jones Chief compliance officer 1 Mar 2019 Other 7098665
Courtney E.K. Lewis Chief compliance officer 1 May 2019 Other 6465553

Indirect Owners

The SEC currently registers 22 indirect owners.

Name Entity Date acquired Ownership Employer ID
Ian Gerald Wace Owner and director 1 Jul 1997 50% - 75% 1726373
Paul R Marshall Owner and director 1 Jul 1997 50% - 75% 5060093
Marshall Wace Asset Management Ltd Managing member 1 Oct 2003 Other foreign
Ian Gerald Wace Partner 1 Oct 2003 25% - 50% 1726373
Paul R Marshall Partner 1 Oct 2003 25% - 50% 5060093
Kkr Fund Holdings Gp Limited General partner 1 Jul 2008 Other 98-0598044
Kkr Group Holdings L.P. General partner 1 Jul 2009 25% - 50% 98-0630813
Kkr Group Limited General partner 1 Jul 2009 Other 98-0630812
Kkr & Co. L.P. Shareholder 1 Jul 2009 75% - 100% 26-0426107
Kkr Fund Holdings L.P. Shareholder 1 Oct 2009 75% - 100% 98-0598047
Kkr & Co. L.P. Limited partner 1 Jul 2010 75% - 100% 26-0426107
Ian Gerald Wace Partner 1 Jul 2011 25% - 50% 1726373
Paul R Marshall Partner 1 Jul 2011 25% - 50% 5060093
Marshall Wace Holdings Limited Shareholder 1 Jul 2011 75% - 100% foreign
Mw Partners Lp Shareholder 1 Jul 2011 75% - 100% foreign
Mw Partners (Gp) Limited Partner 1 Jul 2011 Other foreign
Mw Group Lp Shareholder 1 Oct 2015 75% - 100% foreign
Mw Ltd Shareholder 1 Oct 2015 75% - 100% foreign
Mw Group (Gp) Ltd General partner 1 Oct 2015 Other foreign
Kappa Holdings Ltd. Shareholder 1 Oct 2015 25% - 50% 98-1256605
Kkr & Co. Inc. Shareholder 1 Jul 2018 75% - 100% 26-0426107
Kkr Group Holdings Corp. General partner 1 Jul 2018 50% - 75% 82-5111059

Based in New York

The principal office where Marshall Wace North America L.P. performs its advisory services is located at 350 Park Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Newtown Square, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-235-2800 or by fax 212-235-2899. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at mwam.com.