Thornburg Investment Management Inc is a large advisory firm based in Santa Fe. It manages $40.52 billion of regulatory assets for 1,165 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Thornburg Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 Thornburg Investment Management Inc is $40.52 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1006% since the beginning of its operation, and $776.22 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Thornburg Investment Management Inc for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Garrett Thornburg is investment companies with 23 clients and $37.61 billion of assets under management. Among the 10 most similar advisory firms, Thornburg Investment Management has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $40.52 billion for 1,162 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Thornburg Investment Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.
The company employs 195 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 37 employees are registered as investment adviser representatives with the state securities authorities.
There are 6 people 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.
Garrett Thornburg has been acting as President since 1 Aug 1997. Joshua Gotbaum joined the executive team most recently as the Director.
The principal office where Thornburg Investment Management Inc performs its advisory services is located at 2300 North Ridgetop Road, Santa Fe, NM 87506, 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 505-467-7200 or by fax 505-467-7116. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at thornburg.com.