Jefferies Finance LLC (New York)

Name: Jefferies Finance LLC
Address: 520 Madison Avenue, New York, NY, 10022 4356
Telephone: 212-284-3474

Jefferies Finance LLC is a large advisory firm based in New York. It manages $6.45 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2012.

Jefferies Finance provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Jefferies Finance: assets under management

The assets under management (AUM) of Jefferies Finance LLC is $6.45 billion. The firm's AUM has grown by 1604% since the beginning of its operation, and $6.16 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.19 billion in discretionary accounts and $262.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $309.31 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $87.39 million.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 61% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 39% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jefferies Finance 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 Thomas G Brady serves?

The firm provides services to insurance companies, other investment advisers, pooled investment vehicles, and banking or thrift institutions. The largest group of clients of Thomas G Brady is pooled investment vehicles with 19 clients and $6.08 billion of assets under management. Among the 12 most similar advisory firms, Jefferies Finance has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6.45 billion for 23 clients. 91% of the firm’s clients are foreign persons or businesses.

Jefferies Finance also advises several private funds. Namely, two private equity funds and nineteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $1 to $50,000,000.

Careers at Jefferies Finance LLC

The company employs 75 people that are either part- or full-time employees. 87 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.

Thomas G Brady has been acting as President since 1 Dec 2016. Jefferies Finance Llc joined the executive team most recently as the Managing Member, Jfin Asset Management Llc.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jefferies Group Llc	Member, class a and b	1 Oct 2004	50% - 75%	95-4719745
Massachusetts Mutual Life Insurance Company	Member, class a and b	1 Oct 2004	50% - 75%	2682
Babson Capital Management Llc	Member, class b	1 Oct 2004	Other	106006
Inc. Jefferies Group	Member, class a and b	1 Oct 2004	50% - 75%	95-4719745
Edmund Joseph Hess	Coo/managing director	1 Oct 2005	Other	4994122
Daniel Rapino	Controller	1 Dec 2006	Other	4847980
Daniel Michael Duval	Cco/general counsel	1 Jul 2008	Other	5572006
Carl A Toriello	Ceo/president	1 Oct 2008	Other	5011403
Jefferies Finance Llc	Managing member, apex credit partners llc	1 Oct 2014	75% - 100%	162264
Jefferies Finance Llc	Managing member, jfin asset management llc	1 Feb 2016	75% - 100%	162264
Thomas G Brady	President	1 Dec 2016	Other	1789446

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Massachusetts Mutual Life Insurance Company	Sole member	1 Jul 2004	75% - 100%	2682
Mm Asset Management Holding Llc	Sole member	1 Jul 2004	75% - 100%	45-4000072
Mass Mutual Holding Llc	Sole member	1 Feb 2012	75% - 100%	04-2854319
Leucadia National Corporation	Sole member	1 Mar 2013	75% - 100%	13-2615557
Jefferies Financial Group Inc.	Sole member	1 Mar 2013	75% - 100%	13-2615557

Based in New York

The principal office where Jefferies Finance LLC performs its advisory services is located at 520 Madison Avenue, New York, NY 10022 4356 The mailing address of the firm is 520 Madison Avenue, New York, NY 10022 4356. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-284-3474 or by fax 212-284-3444. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at apexcreditpartners.com.