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Adviser Profile

As of Date 06/28/2024
Adviser Type - Large advisory firm
Number of Employees 8
of those in investment advisory functions 7
Registration Connecticut, Terminated, 3/31/2017
Other registrations (13)
AUM* 595,329,700 20.90%
of that, discretionary 586,185,426 21.30%
Private Fund GAV* 57,465,639 6.90%
Avg Account Size 1,914,243 1.85%
% High Net Worth 81.79% -2.00%
SMA’s Yes
Private Funds 2
Contact Info 212 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pooled investment vehicles
- Charitable organizations

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
483M 414M 345M 276M 207M 138M 69M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count2 GAV$57,465,639

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Brochure Summary

Overview

Firm Description Transatlantique Private Wealth, LLC (“TPW;” the “Firm;” “Adviser”) is a New York limited liability company and an SEC registered investment advisory firm with its office in New York, New York. The Firm was formed in December 2013 and commenced business operations on April 4, 2014. TPW is wholly owned by Banque Transatlantique S.A., a bank headquartered in Paris, France (“Banque Transatlantique”), that specializes in private banking services and wealth management. Banque Transatlantique is a wholly owned subsidiary within the Credit Mutuel Alliance Federale group of companies domiciled in France and Europe. Banque Transatlantique is owned 100% by CIC (Credit Industriel et Commercial), which in turn is 94% owned by Banque Federative de Credit Mutuel (“BFCM”), which itself is 93% owned by Caise Federale de Credit Mutuel. As of December 31, 2023, TPW manages approximately $595,329,700 in Regulatory Assets Under Management, $586,185,426 on a discretionary and $9,144,274 on a non-discretionary basis. Types of Advisory Services TPW provides investment advisory services on a non-discretionary and discretionary basis primarily to high net worth individuals with international investment exposure. TPW is in a position to assist such investors to maneuver through the cross-border intricacies between the USA and France. Accordingly, the Firm’s target client base is mainly French expatriates in the United States and U.S. persons owning euro denominated assets and property. The Firm creates asset allocation plans for its clients and assists them to distribute their investments across the various asset classes. TPW is also able to offer tailored advice that leverages the expertise of TPW’s affiliated companies in France and Europe. The Firm’s advisory services are typically provided to individual clients as an ongoing service pursuant to an Advisory Agreement. Such services may include advice and guidance on debt management; currency management; risk management; long-term project funding; executive compensation; stock options and RSUs; and, investment portfolio construction. The investment advisory fee is the only fee the Firm charges (see Item 5: Fees and Compensation). In some instances, advice may be provided as a limited engagement that focusses on a specific investment or financial issue, rather than comprehensive portfolio management, at the request of the client and at the sole discretion of the Adviser. The Firm may also provide to certain high-net worth individuals the opportunity to have their portfolios managed by a sub-adviser, which may be engaged by the Firm. TPW would monitor the performance of any such independent manager on behalf of the advisory client, in terms of the manager’s authority to operate in the jurisdiction in which the client resides as well as in terms of matters including the manager’s expertise relative to the client’s needs. TPW also advises two commingled investment vehicles: The Philippe Fund Euro Global Leaders, LLC and The Philippe Fund U.S. Equities, LLC (together the “Commingled Funds”). Certain TPW clients, who are deemed ‘accredited investors,’ may invest in the Commingled Funds, pursuant to a subscription agreement. All clients are required to sign an Advisory Agreement outlining the terms and conditions of the engagement as described below. TPW will provide a copy of this Brochure (Form ADV Part 2) to each client prior to the execution of an Advisory Agreement. Any client, who does not receive a copy of the current TPW Brochure at least 48 hours prior to executing the Advisory Agreement, is permitted five business days to rescind the engagement without penalty. TPW does not at this time participate in wrap fee programs, whether recommending that its clients participate in them or by providing portfolio management services to such programs. Tailored Relationships and Restrictions The nature of TPW’s primary advisory business is that it tailors its advisory services to the specific needs of the client. Based on suitability information gathered for a particular client, including financial condition, investment objectives, investment risk profile and other factors that may be relevant to the proposed investments by a client, TPW will advise the client about the allocation of their assets into specific investments across different forms of investments and investment managers, including, without limitation, designation of other portfolio managers, who will actually invest and reinvest within specified asset classes on behalf of the client. There is no minimum portfolio size. (see Item 5: Fees and Compensation below). In terms of the Firm’s advisory fee schedule, current client relationships may exist where the fees are higher or lower than the fee schedule, due to a negotiated rate. However, in no event would the TPW advisory fee charged to a client ever be greater than 3% of client Assets Under Management (“AUM”). On an ongoing basis, the Firm will monitor the performance in a client’s portfolio after the initial Asset Allocation Plan is implemented and report that performance to the client, whether monthly, quarterly, or at intervals requested by the client. TPW would also recommend from time to time modifications to the Plan. In the context of this asset allocation approach, TPW will tailor its services to the needs and desires of the individual client. Clients may ask that certain investment restrictions be placed on their Accounts. It is the policy of TPW to agree to client-imposed investment restrictions only if the clients and TPW are able to agree upon restrictions that are clear and actionable. TPW will ensure that where possible the advisory client will provide a list of prohibited securities (e.g., Anheuser Busch, etc., instead of a list of types of prohibited securities such as "sin stocks," etc.). Where only restrictions on the types of securities are agreed-to, TPW requires as much written specificity as possible (e.g., brewing of alcoholic beverage or distribution of liquor, or both). Where a client places specific restrictions on the Account, there will be a specific contractual provision in the Advisory Agreement addressing prohibited investments that obligates TPW to make its “best efforts” to comply with the client restriction since the vast majority of client investments will be managed by mutual fund managers not associated with TPW. Investment & Wealth Advisory Services TPW’s ongoing advisory services
can be enhanced for wealthier clients into an overall analysis of the client’s financial circumstance. These services are typically provided to clients with net worth in excess of U.S. $1,000,000 and/or with the specific need for professional expertise in regard to the cross border financial issues affecting the United States and France. No additional fee would be charged for such services. TPW will propose an asset allocation plan based on a suitability profile derived from a thorough review of the client’s financial situation and objectives as well as the client’s level of risk aversion. With this information in hand the Adviser is able to leverage the asset allocation modeling developed by TPW’s affiliate, Dubly Transatlantique Gestion, a Paris based adviser, and the mutual fund analysis and recommendations developed by the Credit Mutuel Alliance Federale asset management teams based in Paris, Brussels, and Luxembourg. Independent Managers TPW may recommend that a client allocates a portion of its assets across independent investment managers, unaffiliated with TPW, in accordance with the client’s approved asset allocation plan. In such situations, the independent managers would have primary day-to-day management responsibilities for the active discretionary management of the allocated assets in a separate Account. TPW would remain responsible for monitoring the performance of these sub-advisers on behalf of the advisory client to ensure that the Account remains properly allocated, and the investment objectives of the client and performance of the Account remain in accordance with the overall plan. Factors that TPW considers in recommending these sub-advisers include the client’s investment objectives, the adviser’s management style, performance, reputation, financial strength, reporting, costs, and research capabilities. Limited Engagements Generally, the Firm does not enter into limited engagements. However, if the Firm were to enter into a limited engagement, the scope of the work would be clearly defined and the engagement would be terminated upon delivery of the contracted advice. TPW does not typically provide an overall client profile and investment plan in conjunction with its investment advisory services pursuant to a limited engagement. Rather, the focus is on providing analysis and actionable recommendations relating to financial decisions of an immediate nature to the client. Implementation TPW offers investment advice on a discretionary and non-discretionary basis. For accounts managed on a non-discretionary basis, the advisory client makes all final decisions regarding the implementation of investment recommendations, including the determination of the timing and execution of portfolio trades. TPW provides its advice and the client retains absolute discretion over the implementation of portfolio management. The client is always free to accept or reject and recommendation by TPW. For accounts managed on a discretionary basis, please refer to Item 16. Investment Discretion within this brochure (page 26). Private Fund Adviser TPW advises two commingled private investment vehicles: The Philippe Fund Euro Global Leaders, LLC and The Philippe Fund U.S. Equities, LLC (together the “Commingled Funds”). Certain TPW clients, who are deemed ‘accredited investors,’ may invest in the Commingled Funds, pursuant to a subscription agreement. Other Services TPW may provide as part of its advisory services to its clients information regarding non-investment related matters, such as estate planning, insurance, etc. No additional fee would be charged for such services. Neither TPW, nor any of its representatives or affiliates, purports to provide accounting advice. To the extent requested by an advisory client and within the available expertise of the Firm, TPW may recommend the services of other professionals for certain non-investment implementation purposes (i.e. attorneys, accountants, etc.). The advisory client, of course, retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation from TPW. Advisory Agreement TPW does not conduct Financial Planning or Tax Preparation services. TPW’s traditional business model is to offer clients asset allocation construction services and recommendations regarding mutual fund managers across the agreed-upon asset classes. . Investment Advisory Agreements and Disclosure of Conflicts of Interest All clients receive and sign the Advisory Agreement at the commencement of the advisory relationship. The Firm will work with the client to understand the client’s suitability profile and will develop with the client an asset allocation plan, whereby the TPW portfolio manager will then recommend various mutual funds, exchange-traded funds (“ETFs”), and structured products to satisfy the requirements of each asset class recommended or will recommend external portfolio managers. Conflicts of Interest One of the main purposes of this Form ADV Part 2A and the Advisory Agreement is for TPW to be able to fully and properly present its investment advisory services AND to fully and clearly disclose any material conflicts of interest that may exist between the interests of the Adviser and the advisory client. State and federal laws and regulations provide that failing to disclose to an advisory client in writing before entering or renewing an advisory agreement with that client any material conflicts of interest regarding the Adviser, its representatives or any of its employees, which could be reasonably expected to impair the rendering of unbiased and objective advice does not promote fair, equitable or ethical principles. Accordingly, both this Form ADV Part 2A and the Advisory Agreement are intended by the Adviser to disclose all material conflicts of interest to the advisory client. Termination of Agreement TPW’s Advisory Agreements can be terminated by either the client or the Firm, upon written notice of termination from either party to the other, or as otherwise agreed between the client and TPW. If termination occurs other than at the end of a quarter, TPW will be entitled to its investment advisory fee for the portion of the quarter elapsed prior to termination, pro-rated based on the actual number of calendar days in that specific calendar quarter and the actual number of calendar days elapsed in that calendar quarter.