Ark Investment Management LLC (New York)

Name: Ark Investment Management LLC
Address: 3 E. 28 Th Street, New York, NY, 10016
Telephone: 212-426-7040

Ark Investment Management LLC is a large advisory firm based in New York. It manages $3.34 billion of regulatory assets for 541 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Ark Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Ark Investment Management: assets under management

The assets under management (AUM) of Ark Investment Management LLC is $3.34 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 9638% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.34 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.17 million each.

Investments

The firm invests in exchange traded securities the most. They account for 93% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ark Investment Management LLC 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.

What kind of clients Gene Louis Needles serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, and state or municipal government entities. The largest group of clients of Gene Louis Needles is investment companies with 15 clients and $2.7 billion of assets under management. Among the 10 most similar advisory firms, Ark Investment Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $3.34 billion for 136 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Ark Investment Management doesn't advise any private funds.

Careers at Ark Investment Management LLC

The company employs 22 people that are either part- or full-time employees. 59 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 4 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.

Gene Louis Needles has been acting as President since 1 Jul 2016. Thomas Gregory Staudt joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Catherine Duddy Wood	Managing member	1 Jun 2013	75% - 100%	3173419
Brett Mckenzie Winton	Director of research	1 Jun 2013	Other	5291615
Emily Vogelzang	Director of marketing and business development	1 Dec 2013	Other	6286431
David Henry Weissman	Chief compliance officer	1 Dec 2013	Other	2821025
Ark Investment Management Lp	Managing memeber	1 May 2014	75% - 100%	47-3660684
Catherine Duddy Wood	Chief executive officer	1 Jun 2014	75% - 100%	3173419
Jane A Kanter	Chief operating officer; general counsel	1 Jul 2014	Other	6423161
Amy Leigh Eisenbeis	Chief compliance officer	1 Nov 2014	Other	2206493
Lorelei Brooke Ohagan	Chief sales officer	1 Dec 2014	Other	3116684
Delta Cfo Llc	Chief financial officer	1 Feb 2015	Other	46-2679706
Clarke Gray	Chief financial officer	1 Feb 2015	Other	46-2679706
John Clarke Gray	Chief financial officer	1 Feb 2015	Other	1367440
Kellen Carter	Chief compliance officer	1 Mar 2016	Other	6488994
Ark Investment Management Gp Llc	General partner	1 Jun 2016	Other	47-3667079
Inc. American Beacon Advisors	Minority interest holder	1 Jul 2016	Other	105552
Ark Investment Management Lp	Managing member	1 Jul 2016	75% - 100%	47-3660684
Gene Louis Needles	Director	1 Jul 2016	Other	1068224
Gary H. Neems	Director	1 Jul 2016	Other	5068981
Thomas Gregory Staudt	Chief operating officer	1 Sep 2016	Other	6770544

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Ark Investment Management Gp Llc	General partner	1 Jul 2016	Other	47-3667079

Based in New York

The principal office where Ark Investment Management LLC performs its advisory services is located at 3 E. 28 Th Street, New York, NY 10016, 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 212-426-7040 or by fax 646-668-4134. The normal business hours are 9:00a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at ark-invest.com and its LinkedIn profile.