Snow Phipps Group, LLC (New York)

Name: Snow Phipps Group, LLC
Address: 667 Madison Avenue, New York, NY, 10065
Telephone: 212-508-3300

Snow Phipps Group, LLC is a large advisory firm based in New York. It manages $1.92 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2012.

Snow Phipps Group provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Snow Phipps Group: assets under management

The assets under management (AUM) of Snow Phipps Group, LLC is $1.92 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 25% since the beginning of its operation, and $8.45 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.92 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.79 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Snow Phipps Group, 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 Snow Phipps Group serves?

The only and largest group of clients of Snow Phipps Group is pooled investment vehicles with 11 clients and $1.92 billion of assets under management. Among the 12 most similar advisory firms, Snow Phipps Group has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.92 billion for 11 clients. 18% of the firm’s clients are foreign persons or businesses.

Snow Phipps Group also advises several private funds. Namely, eleven private equity funds.

Careers at Snow Phipps Group, LLC

The company employs 18 people that are either part- or full-time employees. 78 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
Ian Kendall Snow	Ceo	1 Apr 2005	Other	5935955
Ogden Phipps	Managing director	1 Apr 2005	Other	4234460
Steven E Schwinger	Chief financial officer and chief compliance officer	1 Nov 2005	Other	2412574
Ogden Phipps Ii Revocable Trust Dated 05/17/2005	Member	1 Jan 2006	Other	xxx-xx-xxxx
N.A. Bessemer Trust Company	Trustee of ogden phipps ii revocable trust dated 05/17/2005	1 Jan 2006	Other	13-2792165
Snow Management Co Llc	Managing member	1 May 2010	75% - 100%	xxx-xx-xxxx
Jonathan David Farkas	General counsel and chief compliance officer	1 Jul 2013	Other	6226846

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Bessemer Group	Shareholder	1 Jan 2006	75% - 100%	13-3093730
Ian Kendall Snow	Member	1 May 2010	75% - 100%	5935955

Based in New York

The principal office where Snow Phipps Group, LLC performs its advisory services is located at 667 Madison Avenue, New York, NY 10065, 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 212-508-3300 or by fax 212-508-3301. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at snowphipps.com/.