Halsey Associates, Inc. (New Haven)

Name: Halsey Associates, Inc.
Address: 265 Church Street, 10 Th Floor, Suite 1006, New Haven, CT, 06510
Telephone: 203-772-0740

Halsey Associates, Inc. is a large advisory firm based in New Haven. It manages $945.72 million of regulatory assets for 700 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Connecticut, Florida, and 6 other states.

Halsey Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and portfolio consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Halsey Associates: assets under management

The assets under management (AUM) of Halsey Associates, Inc. is $945.72 million. The firm's AUM has grown by 9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $939.91 million in discretionary accounts and $5.81 million 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 $967.96 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is state and local bonds, which make up 12% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Halsey Associates, Inc. for their services and products based on a percentage of assets under management and fixed fees. 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 Edward Otis Handy serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Edward Otis Handy is high net worth individuals with 149 clients and $602.15 million of assets under management. Among the 9 most similar advisory firms, Halsey Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $945.72 million for 337 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.

Halsey Associates doesn't advise any private funds.

Careers at Halsey Associates, Inc.

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Edward Otis Handy has been acting as President since 1 Aug 2015. Kathleen Anne Ryan joined the executive team most recently as the Executive Managing Director, Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth James Julian	Executive vice president; chief compliance officer, director	1 Aug 2015	Other	1189817
Mark Kenyon Wever Gim	Executive managing director, director	1 Aug 2015	Other	6200079
James Stephen Zoldy	President, director	1 Aug 2015	Other	2841707
Thomas Beirne	Vice president	1 Aug 2015	Other	2481521
Thomas Nelson Ellis	Vice president	1 Aug 2015	Other	1489242
Nicole Marie Tremblay	Secretary	1 Aug 2015	Other	4555979
David Victor Devault	Cfo, treasurer and director	1 Aug 2015	Other	1642869
Of Westerly The Washington Trust Company	Parent company	1 Aug 2015	75% - 100%	05-0235370
Edward Otis Handy	Director	1 Aug 2015	Other	6929146
Nicole Marie Tremblay	Chief compliance officer	1 Jan 2016	Other	4555979
Kathleen Anne Ryan	Executive managing director, director	1 Jan 2018	Other	6929122
Ronald Stephen Ohsberg	Chief financial officer, treasurer, director	1 Jan 2018	Other	6929142

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Washington Trust Bancorp	Sh	1 Aug 2015	75% - 100%	05-0404671

Based in New Haven

The principal office where Halsey Associates, Inc. performs its advisory services is located at 265 Church Street, 10 Th Floor, Suite 1006, New Haven, CT 06510, 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 203-772-0740 or by fax 203-772-1433. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at halseyassociates.com.