Third Friday Management, LLC is a mid-sized advisory firm based in Delray Beach. It manages $32.81 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Florida.
Third Friday Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and private equity and merchant banking. 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 Third Friday Management, LLC is $32.81 million. The firm's AUM has gone down by -18% since the beginning of its operation, and $500 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Third Friday Management, LLC for their services and products based on a percentage of assets under management, subscription 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 pooled investment vehicles and corporations or other businesses. The largest group of clients of Third Friday Management is pooled investment vehicles with 1 clients and $30.7 million of assets under management. Among the 1 most similar advisory firms, Third Friday Management has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $31.77 million for 2 clients. None of the firm’s clients are foreign persons or businesses.
Third Friday Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 1 person that is either a part- or full-time employee. 100 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 Third Friday Management, LLC performs its advisory services is located at 85 N. Congress Avenue, Delray Beach, FL 33445, 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 561 239-1510 or by fax NA. The normal business hours are no regular office hours on Other. You can find more information about the New York firm at thecreditstrategist.com.