Peter Kimmelman Asset Management LLC is a large advisory firm based in New York. It manages $586.92 million of regulatory assets for 40 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.
Peter Kimmelman Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and fund of hedge funds; fund of private equity funds. 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 Peter Kimmelman Asset Management LLC is $586.92 million. The firm's AUM has gone down by -41% since the beginning of its operation, and $334.68 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 Peter Kimmelman Asset Management 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.
The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Peter Kimmelman Asset Management is pooled investment vehicles with 17 clients and $263.65 million of assets under management. Among the 10 most similar advisory firms, Peter Kimmelman Asset Management has the 5th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $586.92 million for 40 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 15% of the firm’s clients are foreign persons or businesses.
Peter Kimmelman Asset Management also advises several private funds. Namely, ten hedge funds and five private equity funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $5,000,000.
The company employs 9 people that are either part- or full-time employees. 44 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 2 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.
The principal office where Peter Kimmelman Asset Management LLC performs its advisory services is located at 800 Third Avenue, Suite 3100, New York, NY 10022 7667, 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 212-223-7373 or by fax 212-223-8212. The normal business hours are 9-5 on Monday - Friday.