Riverpark Capital Management LLC (New York)

Name: Riverpark Capital Management LLC
Address: 156 West 56 Th Street, New York, NY, 10019
Telephone: 212-484-2100

Riverpark Capital Management LLC is a large advisory firm based in New York. It manages $627.83 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2009.

Riverpark Capital Management provides portfolio management for individuals and small businesses, 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.

Riverpark Capital Management: assets under management

The assets under management (AUM) of Riverpark Capital Management LLC is $627.83 million. The firm's AUM has grown by 2122% since the beginning of its operation, and $172.88 million of the total AUM is attributable to clients outside of the United States.

The firm manages $529.66 million in discretionary accounts and $98.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $58.85 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $49.08 million.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Riverpark Capital Management 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 Riverpark Capital Management serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Riverpark Capital Management is pooled investment vehicles with 6 clients and $523.7 million of assets under management. Among the 11 most similar advisory firms, Riverpark Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $627.83 million for 11 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 20% of the firm’s clients are foreign persons or businesses.

Riverpark Capital Management also advises several private funds. Namely, one venture capital fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Riverpark Capital Management LLC

The company employs 23 people that are either part- or full-time employees. 43 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
Mordecai Alan Schaja	Chief executive officer and chief compliance officer	1 Jun 2009	Other	1606446
Paul Colin Genova	Chief financial officer	1 Jun 2009	Other	4376330
Mitchell Joseph Rubin	Co-chief investment officer	1 Jun 2009	Other	2484853
Rp Holding Group Llc	Member	1 Jun 2009	75% - 100%	01-0924202
H Matthew Kelly	Chief marketing officer	1 Sep 2010	Other	2472235
David Philip Berkowitz	Co-chief investment officer	1 Oct 2014	Other	2266988
Kenneth R Gilison	Chief compliance officer	1 Oct 2017	Other	2899584

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Mordecai Alan Schaja	Sole member	1 May 2009	50% - 75%	1606446

Based in New York

The principal office where Riverpark Capital Management LLC performs its advisory services is located at 156 West 56 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 212-484-2100 or by fax 212-484-2151. The normal business hours are 9:30-5:30 on Monday - Friday. You can find more information about the New York firm at riverparkfunds.com.