PARK AVENUE INVESTMENT ADVISORY, LLC
Adviser information for PARK AVENUE INVESTMENT ADVISORY, LLC last updated from Form ADV on March 24th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 70 |
|---|---|
| Investment Advisory/Research | 70 |
| Registered Broker-Dealer Representatives | 43 |
| Registered State Investment Advisers | 9 |
| Licensed Agents of an Insurance Company | 9 |
| No. of Firms/People that Solicit Clients | 1 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 288 | $75.4M |
| Non-Discretionary | 0 | $0 |
| Total | 288 | $75.4M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 201 | $44.6M |
| HNW Individuals | 6 | $30.8M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 1-10 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesSelection of other advisers (including private fund managers) |
|---|---|
| Compensation | % of AUMHourly chargesFixed fees |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 7.2M |
| Portfolio Manager | 0 |
| Both for Same | 68.2M |
| Portfolio Manager to Program | Sponsor |
|---|---|
| REP AS PM | PARK AVENUE INVESTMENT ADVISORY, LLC |
Identifiers
| SEC RIA File Number | 801-119560 |
|---|---|
| SEC ERA File Number | 801-119560 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 310203 |
| Legal Entity Identifier | None |
Principal Office
10 HUDSON YARDSNEW YORK
NY
United States
Monday - Friday, 9AM TO 5PM
Tel: 800-879-6934, Fax: None
Chief Compliance Officer
THOMAS DROGAN
10 HUDSON YARDS
NEW YORK
NY
United States
Tel:
212-919-5315
T************@*******M
(Full email address available in API data)
Regulatory Contact
THOMAS BELLARO
DIRECTOR
10 HUDSON YARDS
NEW YORK
NY
United States
Tel:
212-919-3652
T*************@*******M
(Full email address available in API data)
Industry Affiliates
| BROADSHORE CAPITAL PARTNERS, LLC | Other investment adviser, including financial planners |
| PARK AVENUE INSTITUTIONAL ADVISERS LLC | Other investment adviser, including financial planners |
| PARK AVENUE SECURITIES LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial planners |
| THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC | Insurance company or agency |
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Insurance company or agency |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| HERGAN, JOSHUA, NEIL | Individual | – | GENERAL COUNSEL | 08/2020 | < 5% |
| BOGGS, ALLEN, WARREN | Individual | – | HEAD OF PRODUCT & SUPERVISION | 08/2020 | < 5% |
| GUARDIAN INVESTOR SERVICES LLC | Domestic Entity | – | OWNER | 05/2020 | > 75% |
| THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | Domestic Entity | GUARDIAN INVESTOR SERVICES LLC | OWNER | 12/2001 | > 75% |
| LESINA, LEYLA, ADA | Individual | – | ELECTED MEMBER | 05/2020 | < 5% |
| FERIK, MICHAEL, NICHOLAS | Individual | – | ELECTED MEMBER | 05/2020 | < 5% |
| CASWELL, MARIANNE, GRACE | Individual | – | PRESIDENT AND ELECTED MEMBER | 01/2021 | < 5% |
| Coco, Robert, C | Individual | – | CHIEF FINANCIAL OFFICER | 05/2021 | < 5% |
| RYNIKER, MICHAEL, JOHN | Individual | – | HEAD OF OPERATIONS | 12/2022 | < 5% |
| MAHER, CARLY, PRITCHARD | Individual | – | CHIEF OPERATING OFFICER | 08/2020 | < 5% |
| BUTSCHER, JEFFREY, JOSEPH | Individual | – | INTERIM CHIEF COMPLIANCE OFFICER | 03/2024 | < 5% |