Klaff Realty, LP (Chicago)

Name: Klaff Realty, LP
Address: 35 E. Wacker, Suite 2900, Chicago, IL, 60601
Telephone: 312-360-1234

Klaff Realty, LP is a large advisory firm based in Chicago. It manages $1.02 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Illinois.

Klaff Realty 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.

Klaff Realty: assets under management

The assets under management (AUM) of Klaff Realty, LP is $1.02 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 101% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.02 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $113.11 million each.

Klaff Realty has custody of $1.01 billion in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Klaff Realty, LP for their services and products based on fixed fees and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Klaff Realty serves?

The only and largest group of clients of Klaff Realty is pooled investment vehicles with 9 clients and $1.02 billion of assets under management. Among the 11 most similar advisory firms, Klaff Realty has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.02 billion for 9 clients. None of the firm’s clients are foreign persons or businesses.

Klaff Realty also advises several private funds. Namely, seven real estate funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $5,000,000.

Careers at Klaff Realty, LP

The company employs 13 people that are either part- or full-time employees. 46 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hersch Meyer Klaff	President & treasurer	1 Jun 1988	Other	6515373
Klaff Realty Ltd	Owner	1 Jun 1988	50% - 75%	36-3328033
Ryan Clifford Levy	Vice president	1 Nov 2014	Other	6515377
Rita Lillian Sawyer	Cfo and cco	1 Feb 2015	Other	6515442
Hmk Holdings Llc	Owner	1 Jun 2015	50% - 75%	47-4318048
Hmk Holding Llc	Owner and limited partner	1 Jun 2015	50% - 75%	47-4318048

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Hersch M. Klaff Revocable Trust	Owner	1 Jun 1988	75% - 100%	xxx-xx-xxxx
Hersch Meyer Klaff	Trustee and beneficiary	1 Nov 1989	50% - 75%	6515373
Hersch M. Klaff Revocable Trust	Owner	1 Jul 2015	75% - 100%	xxx-xx-xxxx

Based in Chicago

The principal office where Klaff Realty, LP performs its advisory services is located at 35 E. Wacker, Suite 2900, Chicago, IL 60601, 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 312-360-1234 or by fax 312-360-0606. The normal business hours are 8:30 am - 5 pm on Monday - Friday. You can find more information about the New York firm at klaffrealty.com.