Aksia LLC is a large advisory firm based in New York. It manages $5.86 billion of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of New York.
Aksia provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and non-advisory research on alternative investment strategies. 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 Aksia LLC is $5.86 billion. The firm's AUM has grown by 468% since the beginning of its operation, and $4.61 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Aksia LLC for their services and products based on a percentage of assets under management, fixed fees, 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.
The firm provides services to insurance companies, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Aksia is pension and profit sharing plans with 7 clients and $2.43 billion of assets under management. Among the 10 most similar advisory firms, Aksia has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $3.93 billion for 17 clients. 49% of the firm’s clients are foreign persons or businesses.
Aksia also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $100,000,000.
The company employs 70 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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 Aksia LLC performs its advisory services is located at 599 Lexington Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Bohemia, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-710-5710 or by fax 212-710-5711. The normal business hours are 9:00-6:00 on Monday - Friday. You can find more information about the New York firm at max.aksia.com.