Clients
Park Avenue Institutional Advisers serves 24 clients. The average client has about $3.42 billion with the firm.
- Investment companies24 clients6%
- Insurance companies94%
- Other0%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 24 | $4,640,678,525 | 5.7% | $193.4M |
| Insurance companies | Not reported | $77,153,369,948 | 94.1% | — |
| Other | Not reported | $207,568,641 | 0.3% | — |
| Total | 24 | $82,001,617,114 | 100% | $3.42B |
- Clients
- 24
- Regulatory AUM
- $4,640,678,525
- Share
- 5.7%
- Avg. per client
- $193.4M
- Clients
- Not reported
- Regulatory AUM
- $77,153,369,948
- Share
- 94.1%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $207,568,641
- Share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 24
- Regulatory AUM
- $82,001,617,114
- Share
- 100%
- Avg. per client
- $3.42B
What it does
Park Avenue Institutional Advisers provides portfolio management for investment companies and portfolio management for institutions. It is paid through a percentage of assets.
Park Avenue Institutional Advisers provided financial planning to 0 clients last fiscal year and advises no private funds.
100.0% of assets ($82.00B across 29 accounts) are managed with discretion. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Bonds70%
- Investment grade corporate bonds67%
- State and local bonds1%
- Sovereign bonds1%
- High-yield corporate bonds1%
- Cash3%
- Other27%
- [1] mid year: commercial mortgage loans 11%, private equity funds 4%, rmbs and cmbs 4%, collateralized loan obligations 3%, bank loans 3%, real estate 2% and abs 1%. [2] end of year: commercial mortgage loans 11%, private equity funds 4%, rmbs and cmbs 4%, collateralized loan obligations 3%, bank loans 2%,real estate 2%. and abs 1%.27%
Custodians
Park Avenue Institutional Advisers’ client accounts are held mainly at J.P. Morgan, with 78% of managed assets. Park Avenue Institutional Advisers does not have custody of client assets.
- J.P. MorganJpmorgan Chase Bank NA · Ny, NY · $64.24B78%
- All other custodians$17.76B22%
Ownership and leadership
Guardian Investor Services LLC owns 75% or more of Park Avenue Institutional Advisers.
- Owns 75% or more of Park Avenue Institutional Advisers LLC
Guardian Investor Services LLC
Control person · since February 2015
- Owns 75% or more of Guardian Investor Services LLC
The Guardian Life Insurance Company of America
Control person · since February 2015
Leadership
- Isaac LowenbraunPresident, Senior Managing Director and LLC Manager
- Michael BesselChief Compliance Officer
- John FlanniganLLC Manager
- Nicholas LiolisChief Investment Officer
- Debra UdiciousLLC Manager
- Larry WeissHead of Asset Management Accounting & Mutual Fund Treasurer
Staff
- 72 employees
- 10 in advisory functions
- 9 broker-dealer reps
Reported holdings
Park Avenue Institutional Advisers’ reported 13F holdings total $198.7M across 2 positions, and the ten largest make up 100.0% of it.
- $198.7M
- Reported 13F value
- 2
- Positions
- 100.0%
- In the 10 largest
- −0.3%
- Value vs. prior quarter
- Janus Detroit Street Trust-janus Henderson Aa-a Clo ETFETF50.4%
- Janus Henderson Asset-backed Securities ETFETF49.6%
Together, the ten largest are 100.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $198.7M is not its $82.00B in regulatory assets and does not represent any individual client's portfolio.
Fees
Park Avenue Institutional Advisers is paid through a percentage of assets under management.
Park Avenue Institutional Advisers’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Park Avenue Institutional Advisers has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 10 Hudson Yards, New YorkHQ
Registration details
- Legal name
- Park Avenue Institutional Advisers LLC
- Headquarters
- 10 Hudson Yards, New York, NY 10001
- Phone
- 212-919-2517
- Website
- Not reported
- SEC file
- 801-81084
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Park Avenue Institutional Advisers have?
Park Avenue Institutional Advisers has 24 clients and manages $82 billion for them, as of March 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Park Avenue Institutional Advisers offer?
Park Avenue Institutional Advisers provides portfolio management for investment companies and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Park Avenue Institutional Advisers use?
Park Avenue Institutional Advisers’ separately managed account assets are held at Jpmorgan Chase Bank NA (Ny, NY), with $64,238,384,913. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Park Avenue Institutional Advisers have?
Park Avenue Institutional Advisers has 0 investment adviser representatives registered with state securities authorities, out of 72 employees, and 10 perform investment advisory functions. 9 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Park Avenue Institutional Advisers invest in?
At the end of its last fiscal year, Park Avenue Institutional Advisers’ separately managed accounts held 67% investment grade corporate bonds, 27% [1] mid year: commercial mortgage loans 11%, private equity funds 4%, rmbs and cmbs 4%, collateralized loan obligations 3%, bank loans 3%, real estate 2% and abs 1%. [2] end of year: commercial mortgage loans 11%, private equity funds 4%, rmbs and cmbs 4%, collateralized loan obligations 3%, bank loans 2%,real estate 2%. and abs 1%., 3% cash and equivalents, 1% state and local bonds, 1% sovereign bonds and 1% high-yield corporate bonds. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Park Avenue Institutional Advisers?
Park Avenue Institutional Advisers is owned through a holding company by the Guardian Life Insurance Company of America. Its direct owner is Guardian Investor Services LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Park Avenue Institutional Advisers get paid?
Park Avenue Institutional Advisers is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file