Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
Types of Clients
- Pooled Investment Vehicles
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Performance-based Fees
- Other
Bow Street LLC Overview
BOW STREET LLC is a registered investment advisory firm that operates on a fee-based fee arrangement. The firm is headquartered in New York City and has been in business since 2017. As a commodity pool operator and advisor, BOW STREET LLC provides investment advice to individuals and small businesses. One of the key services offered by BOW STREET LLC is portfolio management. The firm specializes in managing portfolios for individuals and small businesses, offering tailored investment advice to meet their specific needs. With its expertise in portfolio management, BOW STREET LLC helps clients maximize their investments and achieve their financial goals. In addition to portfolio management, BOW STREET LLC also manages pooled investment vehicles. As a commodity pool operator, the firm provides investment advice to a group of investors who pool their resources together to invest in commodities. With its comprehensive approach to investment advice, BOW STREET LLC helps investors navigate the complex world of commodities and achieve their investment objectives. Overall, BOW STREET LLC is a trusted investment advisory firm that provides expert guidance and portfolio management services to help clients achieve their financial goals.
BOW STREET LLC is a financial advisory firm that caters to various types of clients. The firm has expertise in serving pooled investment vehicles, which includes hedge funds and private equity funds. These clients benefit from BOW STREET LLC's extensive knowledge and experience in portfolio management, risk analysis, and investment strategy development. Additionally, the firm also serves high-net-worth individuals, family offices, and institutional investors who seek a customized approach to their investment needs. BOW STREET LLC offers clients fee structures that are tailored to their specific services and requirements. Clients who avail of traditional asset management services, such as portfolio diversification and security selection, are charged a percentage of their assets under management (AUM). This fee is usually calculated annually as a percentage of the portfolio's total value. Performance-based fees are also available, catering to clients who require more hands-on management and investment strategies. Under this fee structure, the firm takes a percentage of the profits earned on the client's portfolio. Lastly, BOW STREET LLC also offers other types of fees, such as hourly or project-based fees, for clients who require services outside of traditional investment management. These fees include consulting, financial planning, and assistance with mergers and acquisitions.
Typical Clients, Fee Structures & Investment Minimum
According to Bow Street LLC's Part 2 Brochure, the firm has established a minimum dollar amount to invest in each fund. However, the specific investment minimum is not mentioned in the brochure. Instead, the brochure states that the minimum account size and any initial and additional subscription minimums are disclosed in the applicable Offering Documents for each fund. Bow Street LLC also reserves the right to waive or alter the minimum investment amount at its discretion.
How This Office Can Help Newport News, VA Residents
As a financial advisor with Thrivent Financial, Lauren Althaus is dedicated to helping her clients in Ontario, CA navigate their financial lives with confidence. Whether someone is just starting out in their career, nearing retirement, or facing other complex financial situations, Lauren works closely with them to assess their unique needs and goals and create a personalized plan to help them build wealth and achieve financial security. In Ontario, CA, many people may be faced with challenges such as saving for retirement, paying off debt, and managing living expenses in a high-cost-of-living area. Lauren Althaus is adept at helping her clients address these issues and more, from assisting with investment strategies to planning for education costs and protecting against unexpected events. Through her deep knowledge of the financial industry, Lauren is able to provide her Ontario, CA clients with the guidance and support they need to achieve their financial dreams.
Services Offered by Bow Street LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Bow Street LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Types of Clients
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
Disciplinary History
Bow Street LLC does not have any disclosures. Please visit it's Form ADV for more details.