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.
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 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.
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.
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.
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.