Geller Advisors LLC is a large advisory firm based in New York. It manages $3.15 billion of regulatory assets for 537 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, New Jersey, and New York.
Geller Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Geller Advisors LLC is $3.15 billion. The firm's AUM has grown by 13% since the beginning of its operation, and $7.5 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Geller Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Geller Advisors is high net worth individuals with 69 clients and $2.73 billion of assets under management. Among the 8 most similar advisory firms, Geller Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $3.15 billion for 89 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.
Geller Advisors also advises several private funds. Namely, one hedge fund and five private equity funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 121 people that are either part- or full-time employees. 10 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Robert Wedeking has served as the Chief Investment Officer since 1 Apr 2012 and Hayden M Horowitz is the Chief Executive Officer of Geller Advisors LLC family office. Doreen Nidowicz joined the executive team most recently as the Chief Operating Officer.
The principal office where Geller Advisors LLC performs its advisory services is located at 909 Third Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (212) 583-6001 or by fax (212) 583-6241. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at gelleradvisors.com and its LinkedIn profile.