Summit Rock Advisors, LP (New York)

Name: Summit Rock Advisors, LP
Address: 9 West 57 Th Street, New York, NY, 10019
Telephone: 212-993-7150

Summit Rock Advisors, LP is a large advisory firm based in New York. It manages $13.72 billion of regulatory assets for 139 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Summit Rock Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Summit Rock Advisors: assets under management

The assets under management (AUM) of Summit Rock Advisors, LP is $13.72 billion. The firm's AUM has grown by 3% since the beginning of its operation, and $1.83 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.45 billion in discretionary accounts and $7.27 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $66.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $173.11 million.

Summit Rock Advisors has custody of $102.72 million in cash and securities for 82 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Summit Rock Advisors, LP for their services and products based on a percentage of assets under management, fixed fees, 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 Summit Rock Advisors serves?

The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Summit Rock Advisors is pooled investment vehicles with 15 clients and $6.35 billion of assets under management. Among the 7 most similar advisory firms, Summit Rock Advisors has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $13.72 billion for 57 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 9% of the firm’s clients are foreign persons or businesses.

Summit Rock Advisors also advises several private funds. Namely, eight hedge funds and seven private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.

Careers at Summit Rock Advisors, LP

The company employs 63 people that are either part- or full-time employees. 54 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
David Allen Dechman	Chief executive officer and member	1 Mar 2007	50% - 75%	1764793
Anne (Nancy) Donohue	Chief investment officer and member	1 Mar 2007	25% - 50%	2270021
William Russell Hedden	Chief operating officer	1 Jan 2011	Other	6047608
Emily Locher	Chief compliance officer	1 Jun 2014	Other	6359646
Charles Andrew O'neill	Chief financial officer	1 Sep 2014	Other	5930077
Llc Summit Rock Advisors Management Gp	General partner of summit rock advisors, lp	1 Jun 2015	Other	36-4814056

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Summit Rock Advisors	Member of summit rock advisors management gp, llc	1 Jun 2015	75% - 100%	47-4503703
David Allen Dechman	Director	1 Jun 2015	50% - 75%	1764793
Anne (Nancy) Donohue	Director	1 Jun 2015	25% - 50%	2270021

Based in New York

The principal office where Summit Rock Advisors, LP performs its advisory services is located at 9 West 57 Th Street, New York, NY 10019, 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 212-993-7150 or by fax 212-993-7149. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at summit-rock.com.