Signature Securities Group Corporation (New York)

Name: Signature Securities Group Corporation
Address: 1177 Avenue Of The Americas, 11 Th Floor, New York, NY, 10036
Telephone: 646-822-1475

Signature Securities Group Corporation is a large advisory firm based in New York. It manages $594.18 million of regulatory assets for 1,523 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Colorado, and 28 other states.

Signature Securities Group Corporation provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Signature Securities Group Corporation: assets under management

The assets under management (AUM) of Signature Securities Group Corporation is $594.18 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1574% since the beginning of its operation, and $1.77 million of the total AUM is attributable to clients outside of the United States.

The firm manages $594.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $390.14 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Signature Securities Group Corporation 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 Joseph John Depaolo serves?

The firm provides services to individuals, insurance companies, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Joseph John Depaolo is individuals with 1,285 clients and $294.4 million of assets under management. Among the 12 most similar advisory firms, Signature Securities Group Corporation has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $594.18 million for 1,523 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Signature Securities Group Corporation doesn't advise any private funds.

Careers at Signature Securities Group Corporation

The company employs 40 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 33 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.

Joseph John Depaolo has been acting as President since 1 May 2000. Myles Reid Blechner joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph John Depaolo	Director	1 May 2000	Other	2603517
John Tamberlane	Director	1 May 2000	Other	4219968
Eric Raymond Howell	Cfo/treasurer	1 May 2000	Other	2801657
Philip Vincent Perry	Osj principal, municipal securities principal, senior registered options principal	1 Nov 2000	Other	2120399
Signature Bank	Shareholder	1 Mar 2004	75% - 100%	13-4149421
Michael James Torregiano	Chief compliance officer, anti-money laundering principal, and executive representative	1 Aug 2006	Other	2753068
Eric Raymond Howell	Director	1 Dec 2006	Other	2801657
Scott Aaron Shay	Chairman	1 Mar 2007	Other	721615
Ivor Patrick O'keeffe	Chief operating officer	1 Mar 2007	Other	2397120
William John Jr Maguire	Ceo, president	1 Mar 2007	Other	2040885
Ivor Patrick Okeeffe	Compliance registered options principal, chief operations officer	1 Mar 2007	Other	2397120
Ivor Patrick O'keeffe	Chief operations officer	1 Jul 2007	Other	2397120
Brian Joseph Mcglynn	Compliance registered options principal and compliance officer	1 Jul 2007	Other	4463942
Brian Joseph Mcglynn	Compliance registered options principal and compliance officer	1 Jan 2009	Other	4463942
Catherine Marie Shipley Burns	Chief compliance officer	1 Jan 2009	Other	1291229
Jonathan Henry Roberts	Finop/chief financial officer	1 Jan 2013	Other	4273032
Myles Reid Blechner	Chief compliance officer	1 Feb 2018	Other	2709013

Based in New York

The principal office where Signature Securities Group Corporation performs its advisory services is located at 1177 Avenue Of The Americas, 11 Th Floor, New York, NY 10036, which is also the mailing address of the firm. An additional office of the firm is in New Rochelle, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-822-1475 or by fax 646-822-1470. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at signatureny.com/.