Robotti & Company Advisors, LLC (New York)

Name: Robotti & Company Advisors, LLC
Address: 60 East 42 Nd Street, New York, NY, 10165
Telephone: 212 986-4800

Robotti & Company Advisors, LLC is a large advisory firm based in New York. It manages $493.32 million of regulatory assets for 275 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Idaho, Nevada, New York, and Texas.

Robotti & Company Advisors provides 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.

Robotti & Company Advisors: assets under management

The assets under management (AUM) of Robotti & Company Advisors, LLC is $493.32 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 412% since the beginning of its operation, and $1.36 million of the total AUM is attributable to clients outside of the United States.

The firm manages $493.32 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.79 million each.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in non-exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Robotti & Company Advisors, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Suzanne Benson Robotti serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Suzanne Benson Robotti is pooled investment vehicles with 6 clients and $268.42 million of assets under management. Among the 10 most similar advisory firms, Robotti & Company Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $493.32 million for 214 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.

Robotti & Company Advisors also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Robotti & Company Advisors, LLC

The company employs 16 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Suzanne Benson Robotti has been acting as President since 1 Oct 2015. Dennis Michael Kelleher joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Ronald Wasiak	Director & stockholder of parent company	1 Aug 1983	Other	1485703
Joseph Edward Reilly	Director, secretary & stockholder of parent company	1 Sep 1987	Other	1094364
Incorporated Robotti & Company	Sole member of applicant	1 Jul 2003	75% - 100%	11-2627501
Robert Edward Robotti	President, treasurer and director of applicant	1 Jul 2003	Other	732905
Kenneth Ronald Wasiak	Director of applicant	1 Jul 2003	Other	1485703
Erwin I Mevorah	Chief financial officer and secretary of applicant	1 Dec 2007	Other	1944735
Jeffrey Spencer Sargent	Chief compliance officer	1 Feb 2009	Other	2167467
Thomas Nicholas Tronolone	Chief compliance officer	1 Jul 2009	Other	2083973
Andrew John Ford	Chief compliance officer	1 Mar 2011	Other	4605931
Nancy Elizabeth Seklir	Director of applicant	1 Jun 2011	Other	1756843
Vincent Watson Cardinal	Chief compliance officer	1 Jun 2011	Other	1501493
Andrew John Ford	Chief compliance officer	1 Aug 2012	Other	4605931
Stephen Michael Hart	Chief compliance officer of applicant	1 Oct 2012	Other	5021146
Karin Beth Chadwick	Chief compliance officer of applicant	1 Mar 2015	Other	2748969
Suraj Rajesh Patel	Chief compliance officer of applicant	1 Apr 2015	Other	5941761
Suzanne Benson Robotti	Director	1 Oct 2015	Other	4616454
Verna Pisella	Chief compliance officer of applicant	1 Aug 2018	Other	4096175
Dennis Michael Kelleher	Chief compliance officer	1 Aug 2019	Other	2107342

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Edward Robotti	Stockholder	1 Jan 1983	50% - 75%	732905

Based in New York

The principal office where Robotti & Company Advisors, LLC performs its advisory services is located at 60 East 42 Nd Street, New York, NY 10165, 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 212 986-4800 or by fax 212 986-0816. The normal business hours are 9:00 to 5:00 est on Monday - Friday. You can find more information about the New York firm at robotti.com and its LinkedIn profile.