Fithian LLC (New York)

Name: Fithian LLC
Address: 505 Park Avenue, New York, NY, 10022
Telephone: 212-593-2828

Fithian LLC is a mid-sized advisory firm based in New York. It manages $28.61 million of regulatory assets for 33 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Fithian provides portfolio management for individuals and small businesses 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.

Fithian: assets under management

The assets under management (AUM) of Fithian LLC is $28.61 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2% since the beginning of its operation, and $541.34 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $28.61 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $867.09 thousand each.

Fithian has custody of $28.61 million in cash and securities for 33 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fithian 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.

What kind of clients Fithian serves?

The firm provides services to high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Fithian is high net worth individuals with 30 clients and $25.68 million of assets under management. Among the 6 most similar advisory firms, Fithian has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $28.61 million for 33 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.

Fithian doesn't advise any private funds.

Careers at Fithian LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Tatiana Boldyreff Pouschine	Chief executive officer, portfolio manager, and general partner	1 Jan 2016	75% - 100%	2592180
Alexandra Nmn Ourusoff	Chief compliance officer, chief operating officer and chief financial officer	1 Jan 2016	Other	2566936

Based in New York

The principal office where Fithian LLC performs its advisory services is located at 505 Park Avenue, New York, NY 10022, 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 212-593-2828. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at twitter.com/fithianllc?lang=en.