The Praedium Group LLC (New York)

Name: The Praedium Group LLC
Address: 733 Third Avenue, New York, NY, 10017
Telephone: 212-224-5600

The Praedium Group LLC is a large advisory firm based in New York. It manages $2.12 billion of regulatory assets for 26 client accounts. It has been registered with the SEC as an adviser since 2014.

The Praedium Group provides portfolio management for pooled investment vehicles. 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 Praedium Group: assets under management

The assets under management (AUM) of The Praedium Group LLC is $2.12 billion. The firm's AUM has gone down by -32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.9 billion in discretionary accounts and $223.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.25 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $11.75 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Praedium Group LLC for their services and products based on a percentage of assets under management and performance-based 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 The Praedium Group serves?

The only and largest group of clients of The Praedium Group is pooled investment vehicles with 26 clients and $2.12 billion of assets under management. Among the 13 most similar advisory firms, The Praedium Group has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.12 billion for 26 clients. None of the firm’s clients are foreign persons or businesses.

The Praedium Group also advises several private funds. Namely, thirty seven real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $75,000,000.

Careers at The Praedium Group LLC

The company employs 15 people that are either part- or full-time employees. 73 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
Albert Floyd Lattin	Manager and founding principal	1 Dec 1998	Other	2412461
Lp The Praedium Group	Member	1 Dec 1998	50% - 75%	13-4032357
Russell Lewis Appel	Manager and founding principal	1 Dec 1998	Other	1689950
Laura Ann Schaffer	Vice president and secretary	1 Dec 1998	Other	4897178
The Praedium Group Ii Lp	Member	1 Nov 2011	50% - 75%	45-4534976
Ronald William Strobl	Vice president, treasurer, chief financial officer and chief compliance officer	1 Feb 2012	Other	2521612
Peter Anthony Calatozzo	Vice president and secretary	1 Jun 2014	Other	6473179

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Chmra	General partners	1 Nov 1998	Other	13-4032354
Russell Lewis Appel	Member	1 Nov 1998	75% - 100%	1689950
Llc Afl	General partner	1 Nov 1998	Other	13-4058043
Albert Floyd Lattin	Member	1 Nov 1998	75% - 100%	2412461
Llc Rapp	Limited partner	1 May 1999	50% - 75%	13-4068289
Russell Lewis Appel	Member	1 May 1999	75% - 100%	1689950
Llc Flat	Limited partner	1 May 1999	25% - 50%	06-4058043
Albert Floyd Lattin	Member	1 May 1999	75% - 100%	2412461
Llc Rapp	Limited partner	1 Nov 2011	25% - 50%	13-4068289
Llc Chmra	General partner	1 Nov 2011	Other	13-4032354
Llc Afl	General partner	1 Nov 2011	Other	13-4058043
Llc Flat	Limited partner	1 Nov 2011	25% - 50%	06-1554422

Based in New York

The principal office where The Praedium Group LLC performs its advisory services is located at 733 Third Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-224-5600 or by fax 212-224-5698. 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 praediumgroup.com and its LinkedIn profile.