Rizvi Traverse Management, LLC (Birmingham)

Rizvi Traverse Management 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.

Rizvi Traverse Management: assets under management

The assets under management (AUM) of Rizvi Traverse Management, LLC is $931.41 million. The firm's AUM has gone down by -24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $219.86 million in discretionary accounts and $711.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $36.64 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $23.72 million.

Rizvi Traverse Management has custody of $23.16 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rizvi Traverse Management, 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.

What kind of clients Rizvi Traverse Management serves?

The only and largest group of clients of Rizvi Traverse Management is pooled investment vehicles with 36 clients and $931.41 million of assets under management. Among the 8 most similar advisory firms, Rizvi Traverse Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $931.41 million for 36 clients. None of the firm’s clients are foreign persons or businesses.

Rizvi Traverse Management also advises several private funds. Namely, twenty three other private funds, six private equity funds, and six venture capital funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Rizvi Traverse Management, LLC

The company employs 9 people that are either part- or full-time employees. 56 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

Indirect Owners

The SEC currently registers 4 indirect owners.

Based in Birmingham

The principal office where Rizvi Traverse Management, LLC performs its advisory services is located at 260 East Brown Street, Birmingham, MI 48009, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-594-4751 or by fax 248-594-4754. The normal business hours are 9am-5pm on Other. You can find more information about the New York firm at rizvitraverse.com/.

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