Harbinger Capital Partners LLC (New York)

Name: Harbinger Capital Partners LLC
Address: 450 Park Avenue, New York, NY, 10022
Telephone: 212-339-5800

Harbinger Capital Partners LLC is a large advisory firm based in New York. It manages $697.37 million of regulatory assets for 27 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Harbinger Capital Partners 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.

Harbinger Capital Partners: assets under management

The assets under management (AUM) of Harbinger Capital Partners LLC is $697.37 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -82% since the beginning of its operation, and $513.87 million of the total AUM is attributable to clients outside of the United States.

The firm manages $697.37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $25.83 million each.

Harbinger Capital Partners has custody of $679.98 million in cash and securities for 26 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harbinger Capital Partners LLC 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 Harbinger Capital Partners serves?

The only and largest group of clients of Harbinger Capital Partners is pooled investment vehicles with 27 clients and $697.37 million of assets under management. Among the 9 most similar advisory firms, Harbinger Capital Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $697.37 million for 27 clients. 58% of the firm’s clients are foreign persons or businesses.

Harbinger Capital Partners also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Harbinger Capital Partners LLC

The company employs 7 people that are either part- or full-time employees. 14 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
Harbinger Capital Partners Ii Gp Llc	General partner of harbinger capital partners ii lp	1 Jan 2009	Other	90-0445843
Philip Alan Falcone	Senior managing director, ceo, cio, president, treasurer and limited partner of harbinger capital partners ii lp	1 Jan 2009	75% - 100%	1442413
Ian W Estus	Vice president of harbinger capital partners ii lp	1 Jan 2009	Other	3034660
Llc Harbinger Holdings	Manager of harbinger capital partners llc	1 Feb 2009	75% - 100%	27-1660874
Philip Alan Falcone	Senior managing director, ceo, chief investment officer, president, treasurer and member of harbinger capital partners llc	1 Feb 2009	Other	1442413
Ian W Estus	Member of harbinger capital partners llc	1 Feb 2009	Other	3034660
Harbinger Capital Partners Ii Lp	Sole owner of harbinger capital partners pte. ltd.	1 Feb 2009	75% - 100%	98-0621573
Robin N/A Roger	Chief compliance officer, co-chief operating officer, managing director and general counsel of harbinger capital partners llc	1 Jul 2009	Other	2018811
Keith Michael Hladek	Chief operating officer, chief compliance officer and chief financial officer of harbinger capital partners llc	1 Sep 2009	Other	6025166
Jung Tae Choi	Director of harbinger capital partners pte. ltd.	1 Jun 2011	Other	6029589
James Patrick Mcginnis	Director of harbinger capital partners pte. ltd.	1 Aug 2011	Other	1983167

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Philip Alan Falcone	Managing member	1 Dec 2008	75% - 100%	1442413

Based in New York

The principal office where Harbinger Capital Partners LLC performs its advisory services is located at 450 Park Avenue, New York, NY 10022, 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 212-339-5800 or by fax 212-898-5801. The normal business hours are 8-6 on Monday - Friday. You can find more information about the New York firm at harbingercapital.com.