Summit Rock Advisors, LP is a large advisory firm based in New York. It manages $13.72 billion of regulatory assets for 139 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.
Summit Rock Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Summit Rock Advisors, LP is $13.72 billion. The firm's AUM has grown by 3% since the beginning of its operation, and $1.83 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Summit Rock Advisors, LP 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 charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Summit Rock Advisors is pooled investment vehicles with 15 clients and $6.35 billion of assets under management. Among the 7 most similar advisory firms, Summit Rock Advisors has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $13.72 billion for 57 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 9% of the firm’s clients are foreign persons or businesses.
Summit Rock Advisors also advises several private funds. Namely, eight hedge funds and seven private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.
The company employs 63 people that are either part- or full-time employees. 54 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 Summit Rock Advisors, LP performs its advisory services is located at 9 West 57 Th Street, 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 212-993-7150 or by fax 212-993-7149. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at summit-rock.com.