Ehrenkranz Partners L.P. (New York)

Name: Ehrenkranz Partners L.P.
Address: 375 Park Ave., New York, NY, 10152
Telephone: 212-891-8600

Ehrenkranz Partners L.P. is a large advisory firm based in New York. It manages $12.39 billion of regulatory assets for 270 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.

Ehrenkranz Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and fund of funds manager. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ehrenkranz Partners: assets under management

The assets under management (AUM) of Ehrenkranz Partners L.P. is $12.39 billion. The firm's AUM has grown by 8763% since the beginning of its operation, and $115.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $599 million in discretionary accounts and $11.8 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $85.57 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $44.85 million.

Ehrenkranz Partners has custody of $512.87 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ehrenkranz Partners L.P. for their services and products based on a percentage of assets under management and fixed 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 Ehrenkranz Partners serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ehrenkranz Partners is high net worth individuals with 213 clients and $9.08 billion of assets under management. Among the 10 most similar advisory firms, Ehrenkranz Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $10.15 billion for 238 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Ehrenkranz Partners also advises several private funds. Namely, one hedge fund, three other private funds, and one private equity fund. The minimum investment commitment required of non-related persons ranges from $1 to $500,000.

Careers at Ehrenkranz Partners L.P.

The company employs 52 people that are either part- or full-time employees. 25 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sanford Barry Ehrenkranz	Managing member	1 Jun 2001	Other	4378463
Amy Gail Bermingham	Managing member	1 Jun 2001	Other	4378487
Andrew Sommers	Managing member	1 Jun 2001	Other	4378492
Joel Stanley Ehrenkranz	Managing member	1 Jun 2001	25% - 50%	4377086
John Bick Ehrenkranz	Managing member and chief investment officer	1 Jan 2006	Other	1729136
Patrick James Chapman Shaw	Managing member	1 Jan 2007	Other	5272763
Tinika Marie Brown	General counsel and chief compliance officer	1 Jan 2008	Other	5512397
Michael Carl Fierro	Chief financial officer	1 Sep 2010	Other	5903219
Steven William Davidson	Chief operating officer	1 Jan 2011	Other	5903218
Sanford Barry Ehrenkranz	Limited partner	1 May 2013	Other	4378463
Amy Gail Bermingham	Limited partner	1 May 2013	Other	4378487
Andrew Sommers	Limited partner	1 May 2013	Other	4378492
Joel Stanley Ehrenkranz	Limited partner	1 May 2013	25% - 50%	4377086
John Bick Ehrenkranz	Limited partner and chief investment officer	1 May 2013	Other	1729136
Patrick James Chapman Shaw	Limited partner	1 May 2013	Other	5272763
Ehrenkranz Partners Gp Llc	General partner	1 May 2013	Other	46-2600241
Kurt Dudas	Limited partner	1 Jan 2015	Other	5789630
Hannah Weiss Mensch	Limited partner	1 Jan 2015	Other	6445678

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Sanford Barry Ehrenkranz	Member	1 Apr 2013	Other	4378463
Joel Stanley Ehrenkranz	Member	1 Apr 2013	25% - 50%	4377086
John Bick Ehrenkranz	Member	1 Apr 2013	Other	1729136
Amy Gail Bermingham	Member	1 Apr 2013	Other	4378487
Andrew Sommers	Member	1 Apr 2013	Other	4378492
Patrick James Chapman Shaw	Member	1 Apr 2013	Other	5272763

Based in New York

The principal office where Ehrenkranz Partners L.P. performs its advisory services is located at 375 Park Ave., New York, NY 10152, 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 212-891-8600 or by fax 212-891-8668. The normal business hours are 9-5:30pm on Monday - Friday. You can find more information about the New York firm at eplp.com.