Private Client Asset Management, Inc. is a mid-sized advisory firm based in Garden City. It manages $66.78 million of regulatory assets for 519 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, New Jersey, New York, Texas, and Virginia.
Private Client Asset Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Private Client Asset Management, Inc. is $66.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Private Client Asset Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Joseph Leo Downey is high net worth individuals with 175 clients and $40.8 million of assets under management. Among the 1 most similar advisory firms, Private Client Asset Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $65.8 million for 300 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Private Client Asset Management doesn't advise any private funds.
The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Private Client Asset Management, Inc. performs its advisory services is located at 401 Franklin Ave, Suite 110, Garden City, NY 11530, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 516-280-4622 or by fax 516-280-4625. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at pcaminvest.com.