Flaherty & Crumrine Incorporated is a large advisory firm based in Pasadena. It manages $4.03 billion of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of California.
Flaherty & Crumrine Incorporated provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 Flaherty & Crumrine Incorporated is $4.03 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 14% since the beginning of its operation, and $96.75 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Flaherty & Crumrine Incorporated for their services and products based on a percentage of assets under management. 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 insurance companies, investment companies, and pooled investment vehicles. The largest group of clients of Robert Michael Ettinger is investment companies with 6 clients and $2.81 billion of assets under management. Among the 10 most similar advisory firms, Flaherty & Crumrine Incorporated has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $3.94 billion for 16 clients. 10% of the firm’s clients are foreign persons or businesses.
Flaherty & Crumrine Incorporated doesn't advise any private funds.
The company employs 15 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. No 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.
Robert Michael Ettinger has been acting as President since 1 Dec 1996. Robert Eric Chadwick joined the executive team most recently as the President & Director.
The principal office where Flaherty & Crumrine Incorporated performs its advisory services is located at 301 E Colorado Blvd, Pasadena, CA 91101 1911, which is also the mailing address of the firm. An additional office of the firm is in Summit, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 626-795-7300. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at flaherty-crumrine.com..