Third Avenue Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$1,626,400,523
Total clients
9
0% high-net worth
Total advisors
3
of 19 employees
Firm size
Investment Manager
May not manage individual clients
Average clients per advisor
3
Average account size
$180,711,169
About
Third Avenue Management LLC provides discretionary investment management primarily to pooled vehicles and institutional clients, including registered investment companies, private and offshore funds, pension plans, trusts, endowments and foundations, while also managing separate accounts for individuals and corporations. The firm serves as investment adviser to a range of funds and to separately managed accounts, and it typically charges advisory fees based on assets under management.
TAM’s investment approach centers on long-term value investing using fundamental analysis to identify well‑financed companies trading below TAM’s conservative estimates of intrinsic value, and the adviser may incorporate ESG considerations into its research. The firm conducts comprehensive suitability reviews, generally does not tailor strategies to individual preferences, and provides model portfolios for sponsors rather than direct client overlay services in certain unified managed account (UMA) and wrap program arrangements.
Noteworthy aspects of the firm include its role as an approved manager within wrap fee and UMA programs—where TAM supplies model portfolios while sponsors execute trades and maintain client contact—and its portfolio management of regulated investment companies, including UCITS funds. TAM is majority‑owned indirectly by Affiliated Managers Group but reports it maintains operational autonomy, and the firm discloses policies to limit conflicts when clients might invest in funds advised by TAM or its affiliates.
Client services
Expertise
Fee options
0.60% to 1.25% annually (negotiable, depends on factors such as level of service, investment strategy, account size, and terms of agreement)
Performance-based compensation may apply and is negotiable; specifics depend on client agreements and are subject to federal and local laws.
Account minimum: $1,000,000 Fee-only: Advisory fees based on a percentage of assets under management, typically payable quarterly in arrears or in advance. Fees for separate accounts typically range from 0.60% to 1.25% annually and are negotiable.
Main office location
Third Avenue Management LLC
6 Grand Central At 666 Third Avenue, Suite 1040
New York NY 10017-4011, United States
Number of offices
2
Most active in
Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virgin Islands · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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