Westriver Associates LLC (New York)

Westriver Associates LLC is a large advisory firm based in New York. It manages $153.5 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012.

Westriver Associates 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.

Westriver Associates: assets under management

The assets under management (AUM) of Westriver Associates LLC is $153.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $153.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $153.5 million each.

Westriver Associates has custody of $153.5 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Westriver Associates 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 Westriver Associates serves?

The only and largest group of clients of Westriver Associates is pooled investment vehicles with 1 clients and $153.5 million of assets under management. Among the 9 most similar advisory firms, Westriver Associates has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $153.5 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Westriver Associates also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Westriver Associates LLC

The company employs 6 people that are either part- or full-time employees. 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
Westmont Investments Llc	Sole member	1 Nov 2006	75% - 100%	26-1341190
Alexander Kevin Zabik	Member of management committee	1 Feb 2010	Other	1561238
Michael Klingher	Managing director	1 Feb 2010	Other	1721598
Mohamed Thowfeek	Asset manager	1 Feb 2010	Other	6030656
Majid Mangalji	Member of management committee	1 Feb 2010	Other	6030970
Anthony Messina	Comptroller and secretary, chief compliance officer	1 Feb 2010	Other	6030712

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Wi Investments Trust	Member	1 Apr 2010	75% - 100%	466128175
Moez Mangalji	Trustee	1 Apr 2010	Other	6030650
Kashyap Bakhai	Trustee	1 Apr 2010	Other	6030989

Based in New York

The principal office where Westriver Associates LLC performs its advisory services is located at 450 Park Avenue, New York, NY 10022, 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 212-247-7090 or by fax 212-247-7118. The normal business hours are 9:00am-5:00 pm on Monday - Friday.