Williams, Jones & Associates, LLC (New York)

Name: Williams, Jones & Associates, LLC
Address: 717 Fifth Ave, New York, NY, 10022
Telephone: 212-935-8750

Williams, Jones & Associates, LLC is a large advisory firm based in New York. It manages $6.99 billion of regulatory assets for 3,974 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Arizona, California, and 34 other states.

Williams, Jones & Associates provides financial planning services, portfolio management for individuals and small businesses, 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.

Williams, Jones & Associates: assets under management

The assets under management (AUM) of Williams, Jones & Associates, LLC is $6.99 billion. The firm's AUM has grown by 125% since the beginning of its operation, and $51.89 million of the total AUM is attributable to clients outside of the United States.

The firm manages $6.83 billion in discretionary accounts and $160.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.83 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $638.14 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is state and local bonds, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Williams, Jones & Associates, LLC 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.

What kind of clients Williams, Jones & Associates serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Williams, Jones & Associates is high net worth individuals with 999 clients and $6.05 billion of assets under management. Among the 11 most similar advisory firms, Williams, Jones & Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $6.99 billion for 1,395 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.

Williams, Jones & Associates also advises several private funds. Namely, eleven hedge funds, two other private funds, and two venture capital funds. The minimum investment commitment required of non-related persons ranges from $5,000 to $100,000.

Careers at Williams, Jones & Associates, LLC

The company employs 38 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 10 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jr. William Pickering Jones	Chairman; secretary; managing director	1 Aug 1999	Other	4345770
John Joseph Eager	President; treasurer; managing director	1 Aug 1999	Other	1061657
William Pickering Jones	Chairman, secretary, director	1 Aug 1999	Other	4345770
Jeff Schweon	Chief legal officer; chief compliance officer; managing director	1 Jan 2005	Other	4918028
Thomas Haskell Maccowatt	Partner	1 Dec 2005	Other	1981531
Malcolm Lauder Macpherson	Partner	1 Dec 2005	Other	2554321
Jones & Associates Inc. Williams	Parent company	1 Jun 2006	75% - 100%	13-3449010
Jones & Associates Llc Williams	Parent company	1 Jun 2006	75% - 100%	20-5113875
Maureen Clancy Tompkins	Partner	1 Jan 2012	Other	4347169
Barbara Ann Tarmy	Partner	1 Mar 2016	Other	873156

Based in New York

The principal office where Williams, Jones & Associates, LLC performs its advisory services is located at 717 Fifth Ave, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Palm Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-935-8750 or by fax 212-753-3072. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at williamsjones.com.