Pzena Investment Management LLC is a large advisory firm based in New York. It manages $32.2 billion of regulatory assets for 267 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Delaware, and 12 other states.
Pzena Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.
The assets under management (AUM) of Pzena Investment Management LLC is $32.2 billion. The firm's AUM has grown by 2416% since the beginning of its operation, and $10.71 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Pzena Investment Management 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.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Pzena Investment Management is investment companies with 21 clients and $11.41 billion of assets under management. Among the 8 most similar advisory firms, Pzena Investment Management has the 3rd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $32.2 billion for 267 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 21% of the firm’s clients are foreign persons or businesses.
Pzena Investment Management also advises several private funds. Namely, nine other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.
The company employs 113 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
The principal office where Pzena Investment Management LLC performs its advisory services is located at 320 Park Avenue, 8 Th Floor, 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 212-355-1600 or by fax 212-308-0010. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at pzena.com and its LinkedIn profile.