Macquarie Investment Management Business Trust (Philadelphia)
Macquarie Investment Management Business Trust is a large advisory firm based in Philadelphia. It manages $158.65 billion of regulatory assets for 320 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Macquarie Investment Management Business Trust provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and structured product/securitization advice/transition management. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Macquarie Investment Management Business Trust: assets under management
The assets under management (AUM) of Macquarie Investment Management Business Trust is $158.65 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -8% since the beginning of its operation, and $10.79 billion of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in non-investment grade corporate bonds the most. They account for 12% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in other assets form 6% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Macquarie Investment Management Business Trust for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Macquarie Investment Management Business Trust serves?
The firm provides services to individuals, insurance companies, investment companies, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Macquarie Investment Management Business Trust is investment companies with 81 clients and $75.07 billion of assets under management. Among the 10 most similar advisory firms, Macquarie Investment Management Business Trust has the 5th lowest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $158.57 billion for 310 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 17% of the firm’s clients are foreign persons or businesses.
Macquarie Investment Management Business Trust also advises several private funds. Namely, two hedge funds and three other private funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.
Careers at Macquarie Investment Management Business Trust
The company employs 582 people that are either part- or full-time employees. 22 percent of the employees work as investment advisers or researchers. 62 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 compensates 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
Indirect Owners
The SEC currently registers 11 indirect owners.Based in Philadelphia
The principal office where Macquarie Investment Management Business Trust performs its advisory services is located at 2005 Market Street, Philadelphia, PA 19103 7098, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 215-255-2300 or by fax 215-255-1640. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at delawarefunds.com and its LinkedIn profile.
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