Park Exchange LLC (New York)

Name: Park Exchange LLC
Address: 599 Lexington Avenue, New York, NY, 10022
Telephone: (212) 845-7900

Park Exchange LLC is a large advisory firm based in New York. It manages $296.41 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2009.

Park Exchange provides portfolio management for pooled investment vehicles and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Park Exchange: assets under management

The assets under management (AUM) of Park Exchange LLC is $296.41 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $296.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.8 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Park Exchange LLC for their services and products based on a percentage of assets under management and performance-based fees. 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.

Careers at Park Exchange LLC

Inc. Cowen Group joined the executive team most recently as the Parent.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Cowen Group	Parent	1 Nov 2009	75% - 100%	27-0423711
Stephen Lasota	Chief financial officer	1 Nov 2009	Other	5511261
Owen Littman	General counsel	1 Nov 2009	Other	5736044
John Fiorello	Chief compliance officer	1 Nov 2009	Other	2883294
Morgan B Stark	Chief executive officer	1 Nov 2009	Other	1959400
Christopher Andrew White	Chief operations officer	1 Nov 2009	Other	2963526

Based in New York

The principal office where Park Exchange LLC performs its advisory services is located at 599 Lexington 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) 845-7900 or by fax (212) 845-7986. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at www.ramius.com.