Concinnity Advisors, LP (Irvington)


Concinnity Advisors, LP is a large advisory firm based in Irvington. It manages $194.31 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2013.

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

Concinnity Advisors: assets under management

The assets under management (AUM) of Concinnity Advisors, LP is $194.31 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $194.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $97.16 million each.
Concinnity Advisors has custody of $8.4 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Concinnity Advisors, LP 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 Concinnity Advisors serves?

The only and largest group of clients of Concinnity Advisors is investment companies with 1 clients and $185.91 million of assets under management. Among the 7 most similar advisory firms, Concinnity Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $185.91 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Concinnity Advisors doesn't advise any private funds.

Careers at Concinnity Advisors, LP

The company employs 3 people that are either part- or full-time employees. 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Peter Derby Founding partner, manager of the managing member of the general partner of concinnity advisors, lp & cco 1 Jul 2011 Other 1208608
Richard James Frazier Founding partner 1 Jul 2011 25% - 50% 5547439
Concinnity 3d Gp Llc General partner of the advisor 1 Jul 2011 Other 45-3010958
3d Financial Engineering Llc Limited partner 1 Nov 2011 25% - 50% 26-3651571

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Peter Derby Manager, member 1 Apr 1998 Other 1208608
Natalie Troubetzkoy Derby Trustee 1 Apr 1998 Other 6028032
Eugene Serge Troubetzkoy Trustee 1 Apr 1998 Other 6028055
3d Financial Engineering Llc Managing member 1 Jul 2011 75% - 100% 26-3651571
3d Trust Member 1 Nov 2011 75% - 100% 26-6624560

Based in Irvington

The principal office where Concinnity Advisors, LP performs its advisory services is located at 26 Derby Lane, Irvington, NY 10533 The mailing address of the firm is Po Box 3, Irvington, NY 10533. An additional office of the firm is in Old Lyme, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-591-0117 or by fax 914-591-0120. The normal business hours are 9:30 am - 4:30 pm on Monday - Friday.