Brookfield Public Securities Group, LLC is a financial advisor firm in New York City with more than $13 billion in assets under management (AUM). The firm has a client base that’s more than 1,000 members strong, and includes individuals, high-net-worth individuals, charitable organizations, pension plans, investment companies and corporations.
Brookfield is a fee-only firm. This means that all of its earnings come from advisory fees paid by clients. Conversely, a fee-based firm may earn income from additional outlets, such as insurance and securities commissions.
Brookfield Public Securities Group Background
Brookfield Public Securities Group opened for business in 1989, and it’s a wholly-owned subsidiary of Brookfield Asset Management, a publicly-traded Canadian corporation that’s been in business for more than 100 years.
The firm, as well as Brookfield Asset Management, specializes in working with real assets. For reference, real assets are physical assets that have worth intrinsically. Common examples are real estate, precious metals, commodities and natural resources.
What Types of Clients Does Brookfield Public Securities Group Accept?
Brookfield Public Securities Group’s client base is wide-ranging. Individuals comprise the vast majority of the firm's clients, and the firm also maintains advisory relationships with high-net-worth individuals, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, government entities, other investment advisors, sovereign institutions and corporations as well.
Brookfield Public Securities Group Minimum Account Sizes
For non-institutional investors, the firm generally requires at least $100,000 in investable assets. To invest in any of Brookfield’s funds, there are also varying minimum investments that can range as high as $1 million, depending on the fund. For institutional clients looking for investment management, the minimum account size is $25 million.
At its own discretion, Brookfield may decide to waive any or all of these minimums for a given client.
Services Offered by Brookfield Public Securities Group
Brookfield Public Securities Group offers several global alternative investment management strategies focused on specialized equity and fixed-income securities. These securities all have to do with real assets in some form or another. Brookfield’s services come in both discretionary and non-discretionary variations.
Additionally, the firm also sponsors a number of wrap fee programs in conjunction with major broker-dealers.
Brookfield Public Securities Group Investment Philosophy
Brookfield Public Securities Group, through years of research and investing, has developed many different investment strategies in the world of real assets. These include strategies targeting real estate equities, infrastructure equities, energy infrastructure equities and real asset debt securities.
The firm may decide to use just one or a hybrid of these strategies when assembling client portfolios. With each of these strategies, the firm and its advisors are seeking to find undervalued investments to create value for investors over the long term.
Fees Under Brookfield Public Securities Group
Brookfield Public Securities Group doesn’t have a standard fee schedule that it uses for advising individual clients. Each relationship is negotiated on a case-by-case basis, so there’s no one-size-fits-all fee. Advisory fees are usually paid either quarterly or monthly, and they are billed either in advance or in arrears.
What to Watch Out For
Brookfield Public Securities Group includes performance-based fees within its fee schedule. To measure these fees, the firm will review both realized and unrealized capital gains and losses. Brookfield explicitly states in its Form ADV that this arrangement “may create an incentive for (it) to recommend investments which may be riskier or more speculative than those which would be recommended under a different fee arrangement.”
The firm still abides by fiduciary duty, legally binding it to act in clients’ best interests at all times.
Opening an Account With Brookfield Public Securities Group
The best way to open an account with Brookfield Public Securities Group is to call the Investor Relations team at (855) 777-8001. You can also email the firm at firstname.lastname@example.org.
Where Is Brookfield Public Securities Group Located?
Brookfield Public Securities Group is headquartered on Vesey Street in New York City, not far from One World Trade Center. The firm also has offices in Chicago, Houston, Toronto, London, Hong Kong and Seoul.
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