Direxion Advisors, LLC (New York)

Name: Direxion Advisors, LLC
Address: 1301 Avenue Of The Americas, New York, NY, 10019
Telephone: 646-572-3390

Direxion Advisors, LLC is a large advisory firm based in New York. It manages $125.67 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Direxion Advisors provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Direxion Advisors: assets under management

The assets under management (AUM) of Direxion Advisors, LLC is $125.67 million, all of which is managed in discretionary accounts. 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 $125.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $25.13 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Direxion Advisors, LLC for their services and products based on a percentage of assets under management. 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 Lawrence Colin Rafferty serves?

The only and largest group of clients of Lawrence Colin Rafferty is investment companies with 5 clients and $125.67 million of assets under management. Among the 10 most similar advisory firms, Direxion Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $125.67 million for 5 clients. None of the firm’s clients are foreign persons or businesses.

Direxion Advisors doesn't advise any private funds.

Careers at Direxion Advisors, LLC

The company employs 39 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 18 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.

Lawrence Colin Rafferty has been acting as President since 1 Jun 1997. Robert Damian Nestor joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence Colin Rafferty	Chairman	1 Jun 1997	Other	1170304
Daniel Dillon O'neill	Managing director	1 Jun 1999	Other	4387480
Patrick James Rudnick	Chief financial officer	1 May 2010	Other	6035334
Angela Mary Brickl	Chief compliance officer & general counsel	1 Sep 2012	Other	4604359
Eric Walter Falkeis	Chief operating officer	1 May 2013	Other	4133585
Llc Rafferty Asset Management	Member	1 Oct 2017	75% - 100%	112526
Robert Damian Nestor	President	1 Apr 2018	Other	2147586

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence Colin Rafferty	Member	1 Jan 1995	25% - 50%	1170304
Michael Lawrence Rafferty	Member	1 Jan 1999	25% - 50%	2363413
Rafferty Holdings Llc	Member	1 Jan 1999	25% - 50%	13-4043855
Kathleen Rafferty Hay	Member	1 Nov 2000	25% - 50%	5045127
Llc Minakian Partners	Member	1 May 2009	25% - 50%	27-1774550
Daniel Dillon O'neill	Member	1 May 2009	75% - 100%	4387480

Based in New York

The principal office where Direxion Advisors, LLC performs its advisory services is located at 1301 Avenue Of The Americas, New York, NY 10019, 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 646-572-3390 or by fax 646-572-3498. The normal business hours are 9:00 am until 5:00pm on Monday - Friday. You can find more information about the New York firm at direxionfunds.com.