First Eagle Investment Management, LLC (New York)

First Eagle Investment Management, LLC is a large advisory firm based in New York. It manages $92.72 billion of regulatory assets for 64 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Florida, Maryland, and New York.

First Eagle Investment Management 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, 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.

First Eagle Investment Management: assets under management

The assets under management (AUM) of First Eagle Investment Management, LLC is $92.72 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 150% since the beginning of its operation, and $21.98 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $92.72 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.45 billion each.

First Eagle Investment Management has custody of $2.51 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Eagle Investment 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 Henry Helmut Arnhold serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Henry Helmut Arnhold is investment companies with 8 clients and $65.14 billion of assets under management. Among the 10 most similar advisory firms, First Eagle Investment Management has the 3rd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $92.72 billion for 64 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 39% of the firm’s clients are foreign persons or businesses.

First Eagle Investment Management also advises several private funds. Namely, three hedge funds and four other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.

Careers at First Eagle Investment Management, LLC

The company employs 228 people that are either part- or full-time employees. 18 percent of the employees work as investment advisers or researchers. 2 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Henry Helmut Arnhold has been acting as President since 1 Mar 1987. L.P. Corsair Capital joined the executive team most recently as the Sole Member.

Direct owners and executive officers

Indirect Owners

Based in New York

The principal office where First Eagle Investment Management, LLC performs its advisory services is located at 1345 Avenue Of The Americas, New York, NY 10105 0048, which is also the mailing address of the firm. An additional office of the firm is in Baltimore, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-698-3300 or by fax 646-304-5602. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at feim.com and its LinkedIn profile.

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