Vtl Associates, LLC (New York)

Name: Vtl Associates, LLC
Address: 225 Liberty Street, New York, NY, 10281
Telephone: 212-323-0200

Vtl Associates, LLC is a large advisory firm based in New York. It manages $3.05 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2004.

Vtl Associates provides portfolio management for investment companies 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.

Vtl Associates: assets under management

The assets under management (AUM) of Vtl Associates, LLC is $3.05 billion. The firm's AUM has grown by 1841% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.04 billion in discretionary accounts and $6.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $253.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.71 million.

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 Vtl Associates, LLC 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 Vtl Associates serves?

The only and largest group of clients of Vtl Associates is investment companies with 10 clients and $2.29 billion of assets under management. Among the 5 most similar advisory firms, Vtl Associates has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $2.29 billion for 10 clients. None of the firm’s clients are foreign persons or businesses.

Vtl Associates doesn't advise any private funds.

Careers at Vtl Associates, LLC

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 8 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 compensates 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
Vincent Thomas Lowry	Managing member	1 Sep 2004	75% - 100%	1257527
Louis Carmen Micciulla	Chief compliance officer	1 Oct 2004	Other	2027759
Louis Carmen Micciulla	Chief compliance officer	1 Nov 2004	Other	2027759
Vincent Thomas Lowry	Chairman, managing member, chief executive officer and chief compliance officer	1 May 2006	50% - 75%	1257527
Louis Carmen Micciulla	Chief operating officer	1 May 2006	Other	2027759
Michael Joseph Gompers	Chief operating officer	1 Mar 2007	Other	5316237
Joseph Nicholl Gompers	Member	1 Oct 2008	Other	4145064
Ltd Suzhou Industrial Park Kaida Venture Capital Co.	Member	1 Apr 2013	Other	foreign entity
Mary Ann Picciotto	Chief compliance officer	1 Dec 2015	Other	4235357
Kristie Marie Feinberg	Treasurer	1 Dec 2015	Other	3162040
David Matthew Pfeffer	Director and chief financial officer	1 Dec 2015	Other	4151070
Arthur Philip Steinmetz	President and director	1 Dec 2015	Other	1377996
Inc. Oppenheimerfunds	Direct owner	1 Dec 2015	75% - 100%	13-2527171
Arthur Sanford Gabinet	Chief legal officer	1 Dec 2015	Other	5788482
Cynthia Lo Bessette	Chief legal officer	1 Feb 2016	Other	6468381
Sharon French	Executive vice president	1 Apr 2016	Other	2360493

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Massachusetts Mutual Life Insurance Company	Member	1 Nov 1984	75% - 100%	04-1590850
Mm Asset Management Holding Llc	Shareholder	1 Oct 1990	75% - 100%	45-4000072
Oppenheimer Acquisition Corporation	Shareholder	1 Oct 1990	75% - 100%	84-1149206
Massmutual Holding Llc	Member	1 Nov 2011	75% - 100%	04-2854319

Based in New York

The principal office where Vtl Associates, LLC performs its advisory services is located at 225 Liberty Street, New York, NY 10281, 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 212-323-0200 or by fax 212-323-4070. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at vtlassociates.com.