Red Hook Management LLC is a large advisory firm based in Morristown. It manages $300.55 million of regulatory assets for 235 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Louisiana, New Jersey, and New York.
Red Hook Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
Red Hook Management: assets under management
The assets under management (AUM) of Red Hook Management LLC is $300.55 million. The firm's AUM has grown by 267% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $284.6 million in discretionary accounts and $15.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.96 million.
Investments
The firm invests in other assets the most. They account for 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.
