Cowen Prime Advisors LLC

COWEN PRIME ADVISORS LLC, established in March 2021, offers the Samjo Investment Program (SI Program) focusing on discretionary management to enhance absolute and relative returns while minimizing risk over a five-year horizon. The firm, registered as an investment adviser, is owned by Cowen Inc., a subsidiary of The Toronto-Dominion Bank. The SI Program manages approximately $206,885,177 of client assets as of December 31, 2022, with a minimum investment of $500,000. Fees range from 0.5% to 2.0% of assets under management, paid in advance quarterly. The firm may share a portion of management fees with Portfolio Managers. Investment strategies include a value-oriented approach with a focus on intrinsic value growth, allowing for concentrated portfolios tailored based on risk tolerance and market conditions. Clients have limited control over investment restrictions. The firm discloses a disciplinary action related to revenue sharing practices. CPA's Portfolio Managers, Andrew N. Wiener and David J. Drucker, are associated with private investment funds employing similar strategies. The firm's Code of Ethics ensures fair treatment of clients and prohibits unfair trading practices. Clients receive account statements from Pershing, the custodian, and have the option for direct billing. The firm does not vote on client securities' proxies and does not provide legal advice on securities-related legal proceedings.