Pinebridge Investments LLC (New York)

Pinebridge Investments LLC is a large advisory firm based in New York. It manages $42.01 billion of regulatory assets for 379 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, New York, Pennsylvania, and Texas.

Pinebridge Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pinebridge Investments: assets under management

The assets under management (AUM) of Pinebridge Investments LLC is $42.01 billion. The firm's AUM has gone down by -87% since the beginning of its operation, and $12.55 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $41.34 billion in discretionary accounts and $671.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $111.42 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $83.9 million.

Pinebridge Investments has custody of $1.01 billion in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 21% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pinebridge Investments LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Wayne Michael Verge serves?

The firm provides services to insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Wayne Michael Verge is pooled investment vehicles with 144 clients and $17.85 billion of assets under management. Among the 9 most similar advisory firms, Pinebridge Investments has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $41.63 billion for 285 clients. 49% of the firm’s clients are foreign persons or businesses.

Pinebridge Investments also advises several private funds. Namely, four hedge funds, two other private funds, fifty seven private equity funds, and eight securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at Pinebridge Investments LLC

The company employs 281 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people 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.

Wayne Michael Verge has been acting as President since 1 Jul 2010. Tracie Elizabeth Ahern joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 23 indirect owners.

Based in New York

The principal office where Pinebridge Investments LLC performs its advisory services is located at 65 East 55 Th Street, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-857-8000. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at pinebridge.com.