Safanad Inc. is a large advisory firm based in New York. It manages $1.1 billion of regulatory assets for 91 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.
Safanad provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Safanad Inc. is $1.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 317% since the beginning of its operation, and $763.65 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Safanad Inc. 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.
The only and largest group of clients of Ziad Mohamad Hussein Dannaoui is pooled investment vehicles with 91 clients and $1.1 billion of assets under management. Among the 7 most similar advisory firms, Safanad has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.1 billion for 91 clients. 42% of the firm’s clients are foreign persons or businesses.
Safanad also advises several private funds. Namely, eleven real estate funds and three private equity funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $2,550,800.
The company employs 21 people that are either part- or full-time employees. 81 percent of the employees work as investment advisers or researchers. No 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 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.
Ziad Mohamad Hussein Dannaoui has been acting as President since 1 Jun 2017. John Rutledge has served as the Chief Investment Officer since 1 Jan 2017. Lubna Suliman Al Olayan joined the executive team most recently as the Director.
The principal office where Safanad Inc. performs its advisory services is located at 505 5 Th Avenue, New York, NY 10017 4902, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 1-212-468-5600 or by fax 1-212-468-5649. The normal business hours are 9:00 am-6:00 pm on Monday - Friday. You can find more information about the New York firm at safanad.com.