1350 Avenue of The Americas Suite 1920

New York, NY 10019


No. advisers: 4

AUM: $244,906,672

Asset Breakdown

Employees 4
High-net-worth individuals 76-99%
Financial planning clients 11-25
High-net-worth client assets More than 75%
Percentage of assets under management Yes
Hourly charges No
Subscription fees No
Fixed fees Yes
Commissions No
Performance-based fees No
Total AUM Total Accounts Avg. Account AUM
Discretionary $235,519,557 80 $2,943,994
Non-discretionary 9387115 5 $1,877,423
Total $244,906,672 85 $2,881,255

Digital moneyball

November 12, 2019 - Billy Beane of the Oakland A's was baseball's first digital leader. His 2002 team set the major league record for consecutive wins and took their divisional title — with a human player payroll one-third that of the top-paying teams. The league commissioner...

Don't be afraid to raise advisory firm fees

February 7, 2019 - It's time for financial advisers to get over their fear of raising their fees, and a good place to start would be introducing a minimum annual fee for clients. Eliza De Pardo, a management consultant for TD Ameritrade Institutional, said her research...

Surging upfront recruiting checks carry significant risks for independent advisers

December 19, 2018 - The recruiting wars are heating up, but this time, the primary battlefield is among independent firms rather than between wirehouses. Yet the more things change, the more they stay the same, especially when it comes to upfront checks for new recruits....

How do you spell investor relief in a bear market? E-T-Fs

September 8, 2018 - Nine years into a bull market with rocketing growth in stocks like Amazon and Apple, investors are wary of equities. Providers of exchange-traded funds have played to that sentiment by rolling out ETFs that attempt to protect investors from a downturn...

Fired Merrill Lynch star broker Bruce Lee starts own RIA

July 11, 2018 - A former star Merrill Lynch adviser in Chicago who was fired in April has opened his own RIA. The adviser, Bruce K. Lee, opened Keebeck Wealth Management and has been registered there since Monday, according to his BrokerCheck report. A perennial member...

Morningstar evolving well beyond its origins analyzing mutual funds

May 26, 2018 - Seventeen months into his tenure as CEO of Morningstar Inc., Kunal Kapoor finds himself in a familiar situation — selling to advisers, yet competing with them in some areas. Morningstar has radically reshaped itself since the days when its founder,...

Sanctioned Ponzi scheme salesmen keep shilling planning, advice

May 3, 2018 - Recent sanctions by state securities regulators against unlicensed brokers who sold pieces of an alleged billion-dollar real estate Ponzi scheme highlight a perennial problem the financial advice industry continues to ignore: insurance agents, with problematic...

Merrill Lynch fires Chicago star broker Bruce Lee

April 24, 2018 - Merrill Lynch star veteran broker Bruce Lee, whose Chicago team managed nearly $3 billion in client assets, was fired for unknown reasons, according to sources with knowledge of the move. Mr. Lee, who was fired on Friday, was a perennial member of the...

Finra warns brokers about moving clients from broker to advisory accounts

January 8, 2018 - Finra warned brokers on Monday to be careful when moving clients between brokerage and advisory accounts. The guidance was contained in the broker-dealer self-regulator's annual regulatory and examination priorities letter. As is the case in most years,...

Capital Group, the sponsor of American Funds, sued for self-dealing in its 401(k) plan

June 15, 2017 - The recent lawsuit lodged against The Capital Group Companies Inc. for alleged self-dealing in the company's 401(k) plan is one of several similar legal battles being waged with large asset managers, and could prove difficult for plaintiffs to win, given...

  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

Purchase the data and information contained in the RIA Data Center in an Excel spreadsheet.

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Reprints: For reprints of these rankings, please contact Laura Picariello.

*Methodology:InvestmentNews qualified 2,206 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2019. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2018, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) not one who is an insurance company or agency.


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