Atalanta Sosnoff Capital, LLC is a large advisory firm based in New York. It manages $3.05 billion of regulatory assets for 163 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Atalanta Sosnoff Capital provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Atalanta Sosnoff Capital, LLC is $3.05 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 36% since the beginning of its operation, and $9.85 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Atalanta Sosnoff Capital, LLC for their services and products based on a percentage of assets under management 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 charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Atalanta Sosnoff Capital is pension and profit sharing plans with 116 clients and $2.71 billion of assets under management. Among the 7 most similar advisory firms, Atalanta Sosnoff Capital has the 2nd highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $3.05 billion for 163 clients. 1% of the firm’s clients are foreign persons or businesses.
Atalanta Sosnoff Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 39 people that are either part- or full-time employees. 18 percent of the employees work as investment advisers or researchers. 3 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 compensates 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 Atalanta Sosnoff Capital, LLC performs its advisory services is located at 505 Fifth Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Honolulu, HI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-867-5000 or by fax 212-922-1820. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at atalantasosnoff.com.