Glovista Investments LLC (Jersey City)

Name: Glovista Investments LLC
Address: One Evertrust Plaza, Jersey City, NJ, 07302
Telephone: 212-336-1540

Glovista Investments LLC is a large advisory firm based in Jersey City. It manages $524.88 million of regulatory assets for 322 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Connecticut, Florida, and 12 other states.

Glovista Investments 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.

Glovista Investments: assets under management

The assets under management (AUM) of Glovista Investments LLC is $524.88 million. The firm's AUM has grown by 14854% since the beginning of its operation, and $144.99 million of the total AUM is attributable to clients outside of the United States.

The firm manages $491.62 million in discretionary accounts and $33.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.53 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $33.25 million.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Glovista Investments LLC 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.

What kind of clients Glovista Investments serves?

The firm provides services to insurance companies, investment companies, charitable organizations, 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 Glovista Investments is corporations or other businesses with 47 clients and $160.65 million of assets under management. Among the 9 most similar advisory firms, Glovista Investments has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $466.2 million for 267 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 16% of the firm’s clients are foreign persons or businesses.

Glovista Investments also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Glovista Investments LLC

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Glovista Investments Holdings Lp joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carlos Manuel Asilis	Partner	1 May 2007	50% - 75%	2574188
Darshan Niranjan Bhatt	Managing partner	1 May 2007	50% - 75%	4257912
Kinjal Bhatt	Partner	1 May 2007	25% - 50%	5486680
Rocio Del Llano	Partner	1 May 2007	25% - 50%	5486682
Thomas Kenneth Morgan	Chief compliance officer and general counsel	1 Jan 2014	Other	5917608
Christy Espinal	Chief financial officer	1 Mar 2014	Other	5739833
Alberto Pagan Matos	Managing director	1 Mar 2014	Other	2319343
Christy (No Middle Name) Espinal	Elected manager; chief financial officer	1 Mar 2014	Other	5739833
Robert Fleming Slutz	Chief executive officer	1 Aug 2014	Other	1626670
Glovista Investments Holdings Lp	Owner	1 Mar 2017	75% - 100%	81-5384788

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Glovista Investments Holdings Gp Llc	Owner	1 Mar 2017	Other	81-5424269
Carlos Manuel Asilis	Owner	1 Mar 2017	50% - 75%	2574188
Darshan Niranjan Bhatt	Owner	1 Mar 2017	25% - 50%	4257912

Based in Jersey City

The principal office where Glovista Investments LLC performs its advisory services is located at One Evertrust Plaza, Jersey City, NJ 07302, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-336-1540 or by fax 201-839-4349. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at glovista.net.