Overview
Auribeau is a limited liability company organized under the laws of the State of New York to
provide investment advisory and management services to separately managed account clients.
Formed in May 2015, Auribeau is a wholly owned subsidiary of Lepercq, de Neuflize & Co
Incorporated (“LN&Co.”). Prior to Auribeau’s formation, Lepercq de Neuflize Asset Management
LLC (“LNAM”), another SEC registered investment adviser that is also a wholly owned subsidiary
of LN&Co., performed the investment advisory and management services for the separately
managed accounts that were transferred to Auribeau upon its registration with the SEC.
Auribeau provides discretionary and non-discretionary investment advisory services to separate
account clients. Such services typically involve individualized financial goal analysis, asset allocation,
formulation of an investment strategy, assistance with implementation of the investment, and
ongoing review of performance measures for the strategy adopted. In connection with the
implementation of a client’s investment plan, Auribeau will typically identify and select investment
advisers, mutual funds, or private investment pools that are believed to be compatible with the
client’s investment objectives, risk tolerances and other client criteria. The investment objectives,
investment restrictions, regulatory
restrictions, risk tolerances or other circumstances for each client
are generally provided to Auribeau in writing.
For Discretionary Accounts, Auribeau provides for the selection of investments, purchase and sale
orders to executing brokers and custodians involving both timing and size of the order and portfolio
monitoring. For some of these accounts, Auribeau will use the services of Tocqueville Asset
Management (“TAM”) as sub adviser for the management of its clients’ portfolios under a sub
advisory agreement. In such instances, Auribeau provides for portfolio supervisory services,
determining portfolio allocation and rebalancing when necessary and upon clients’ directives, which
are communicated to its sub adviser. For such accounts, the advisory fees are shared between
Auribeau and TAM.
For Non-Discretionary Accounts, Auribeau provides guidance in portfolio management, market
conditions and risks, and investment selection, including purchase and sale recommendations with
size and timing. It does not provide for the placement of such orders, as these clients may or may
not act on Auribeau’s recommendations.
Regulatory Assets Under Management As of 12/31/2023:
Separately Managed Accounts (Discretionary): $ 106,453,564
Non-Discretionary: $ 0
Total: $ 106,453,564