Whippoorwill Associates Inc (White Plains)

Name: Whippoorwill Associates Inc
Address: 50 Main Street, White Plains, NY, 10606
Telephone: 914-683-1002

Whippoorwill Associates Inc is a mid-sized advisory firm based in White Plains. It manages $82.6 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2001.

Whippoorwill Associates provides 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.

Whippoorwill Associates: assets under management

The assets under management (AUM) of Whippoorwill Associates Inc is $82.6 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -82% since the beginning of its operation, and $22.88 million of the total AUM is attributable to clients outside of the United States.

The firm manages $82.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $16.52 million each.

Investments

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

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Whippoorwill Associates 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.

What kind of clients Whippoorwill Associates serves?

The firm provides services to charitable organizations and pooled investment vehicles. The largest group of clients of Whippoorwill Associates is pooled investment vehicles with 3 clients and $71.05 million of assets under management. Among the 4 most similar advisory firms, Whippoorwill Associates has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $82.6 million for 4 clients. 25% of the firm’s clients are foreign persons or businesses.

Whippoorwill Associates also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $3,000,000.

Careers at Whippoorwill Associates Inc

The company employs 1 person that is either a part- or full-time employee. 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
Shelley Fredrick Greenhaus	President, director, and principal	1 Dec 1990	75% - 100%	868796
Shelby S Werner	Director, vice president, treasurer, secretary, and managing director	1 Jan 1991	Other	414940
David Alan Strumwasser	Director, managing director & general counsel	1 Dec 1993	Other	4357491
Vincent Gregory Vacco	Chief financial officer	1 Jun 2001	Other	4521095
Vincent G Vacco	Chief financial officer	1 Jun 2001	Other	4521095
Daniel Stewart Gewanter	Chief compliance officer and chief legal officer	1 May 2005	Other	4811549
Steven K Gendal	Principal	1 Jan 2006	Other	5122208
Richard I Ellenbogen	Counsel and chief compliance officer	1 Feb 2018	Other	4332073

Based in White Plains

The principal office where Whippoorwill Associates Inc performs its advisory services is located at 50 Main Street, White Plains, NY 10606, 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 914-683-1002 or by fax 914-683-1242. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at whippoorwillassociates.com.