Joel Isaacson & Co., LLC (New York)

Name: Joel Isaacson & Co., LLC
Address: 546 Fifth Avenue, New York, NY, 10036
Telephone: 212-302-6300

Joel Isaacson & Co., LLC is a large advisory firm based in New York. It manages $4.14 billion of regulatory assets for 4,413 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

Joel Isaacson & Co. provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and tax planning and compliance consulting services. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Joel Isaacson & Co.: assets under management

The assets under management (AUM) of Joel Isaacson & Co., LLC is $4.14 billion. The firm's AUM has grown by 167% since the beginning of its operation, and $55.42 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.34 billion in discretionary accounts and $1.8 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $671.1 thousand.

Joel Isaacson & Co. has custody of $215.34 million in cash and securities for 74 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Joel Isaacson & Co., LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Joel Isaacson & Co. serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Joel Isaacson & Co. is high net worth individuals with 962 clients and $4.08 billion of assets under management. Among the 12 most similar advisory firms, Joel Isaacson & Co. has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.14 billion for 1,100 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.

Joel Isaacson & Co. doesn't advise any private funds.

Careers at Joel Isaacson & Co., LLC

The company employs 44 people that are either part- or full-time employees. 39 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stanley Lawrence Altmark	Principal and chief compliance officer	1 Nov 2009	Other	2661059
Joel Scott Isaacson	Principal, chief executive officer and chief investment officer	1 Nov 2009	Other	1277520
Martin Stein	Principal; tax director	1 Nov 2009	Other	4358100
Lee Steinmetz	Principal; tax director	1 Nov 2009	Other	4519451
Llc Focus Operating	Member (manager)	1 Nov 2009	75% - 100%	20-8161914
Jennifer Lisa Prosperino	Principal	1 Nov 2009	Other	2523889
Thomas Timothy Fingleton	Chief operations officer	1 Aug 2011	Other	2081962
Robert Edward Paul	Principal	1 Mar 2012	Other	3044064
David N Peltz	Principal	1 Mar 2012	Other	6058635
Michael Edward Weiss	Chief operating officer	1 Apr 2013	Other	2630172

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	135263
L.P. Summit Ventures Vi A	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member (manager)	1 Dec 2006	75% - 100%	16-1728260
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Inc. Focus Financial Partners	Member	1 Jul 2018	75% - 100%	47-4780811

Based in New York

The principal office where Joel Isaacson & Co., LLC performs its advisory services is located at 546 Fifth Avenue, New York, NY 10036, 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 212-302-6300 or by fax 212-302-6390. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at joelisaacson.com.