Independent Investors Inc (Nesconset)

Independent Investors Inc is a large advisory firm based in Nesconset. It manages $262.1 million of regulatory assets for 106 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New Hampshire, and New York.

Independent Investors provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Independent Investors: assets under management

The assets under management (AUM) of Independent Investors Inc is $262.1 million. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $227.26 million in discretionary accounts and $34.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.64 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.74 million.

Independent Investors has custody of $145.55 million in cash and securities for 10 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in government bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Independent Investors Inc 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 Patrick Noel Moloney serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Patrick Noel Moloney is charitable organizations with 5 clients and $140.22 million of assets under management. Among the 8 most similar advisory firms, Independent Investors has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $262.1 million for 79 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.

Independent Investors doesn't advise any private funds.

Careers at Independent Investors Inc

The company employs 6 people that are either part- or full-time employees. 50 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.

Independent Investors Inc is owned by Elizabeth Ann Moloney. Patrick Noel Moloney has been acting as President since 1 Jun 1983. Patricia Marie Stewart joined the executive team most recently as the Chief Compliance Officer, Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Patrick Noel Moloney	President	1 Jun 1983	75% - 100%	4348173
Donald Steven Loveless	President	1 Aug 1986	75% - 100%	1155886
Margaret Edel Moloney	President, chief compliance officer	1 Aug 1991	Other	4348176
Donald Steven Loveless	Chief compliance officer	1 Sep 2004	75% - 100%	1155886
Elizabeth Ann Moloney	Owner	1 Sep 2014	75% - 100%	6396642
Denise Elizabeth Moloney	Secretary	1 Sep 2014	Other	6396647
Kevin Patrick Moloney	Treasurer	1 Sep 2014	Other	6396649
Patricia Marie Stewart	Chief compliance officer, chief financial officer	1 Jan 2017	Other	6776296

Based in Nesconset

The principal office where Independent Investors Inc performs its advisory services is located at 181 Smithtown Blvd, Nesconset, NY 11767, 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 631-979-2142 or by fax 631-979-2146. The normal business hours are 9:00-5:00 on Monday - Friday.