Longboard Asset Management, LP is an investment adviser to an investment company based in Phoenix. It manages $149.1 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Arizona.
Longboard Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, selection of other advisers, and portfolio management for hedge fund. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Longboard Asset Management, LP is $149.1 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -71% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Longboard Asset Management, LP for their services and products based on a percentage of assets under management. 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Longboard Asset Management is investment companies with 2 clients and $138.04 million of assets under management. Among the 8 most similar advisory firms, Longboard Asset Management has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $149.1 million for 3 clients. None of the firm’s clients are foreign persons or businesses.
Longboard Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 18 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
The principal office where Longboard Asset Management, LP performs its advisory services is located at 2355 E Camelback Rd, Phoenix, AZ 85016, 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 800-290-8319 or by fax 602-441-3971. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at longboardfunds.com.