Peter B. Cannell & Co., Inc. (New York)

Name: Peter B. Cannell & Co., Inc.
Address: 545 Madison Avenue, New York, NY, 10022
Telephone: 212-752-5255

Peter B. Cannell & Co., Inc. is a large advisory firm based in New York. It manages $3.13 billion of regulatory assets for 1,386 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 21 other states.

Peter B. Cannell & Co. provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Peter B. Cannell & Co.: assets under management

The assets under management (AUM) of Peter B. Cannell & Co., Inc. is $3.13 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 425% since the beginning of its operation, and $56.6 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.13 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.26 million each.

Peter B. Cannell & Co. has custody of $54.93 million in cash and securities for 329 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Peter B. Cannell & Co., Inc. for their services and products based on a percentage of assets under management 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.

What kind of clients Thomas Robert Cangemi serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thomas Robert Cangemi is high net worth individuals with 1,027 clients and $2.78 billion of assets under management. Among the 9 most similar advisory firms, Peter B. Cannell & Co. has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.13 billion for 1,386 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.

Peter B. Cannell & Co. doesn't advise any private funds.

Careers at Peter B. Cannell & Co., Inc.

The company employs 25 people that are either part- or full-time employees. 40 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.

Thomas Robert Cangemi has been acting as President since 1 Jul 1999. David Jonathan Mazzullo joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joyce Buchman	Executive vice president; director	1 Mar 1986	Other	4336009
Peter Best Cannell	Chairman of the board of directors	1 Mar 1986	25% - 50%	39674
Joel Buchman	Director	1 Jan 1989	Other	4336053
John David Hogan	Secretary; treasurer; director	1 May 1989	Other	248055
Joseph Blair Werner	Chairman, president and ceo	1 Mar 1991	Other	1904498
Paul Wartman	Senior vice president of research	1 Jan 1995	Other	2581531
William Henry Herrman	Senior vice president	1 Feb 1999	Other	244159
Thomas Robert Cangemi	Director	1 Jul 1999	Other	4336160
Michael Frank Manzulli	Director	1 Jul 1999	Other	4336135
Anthony Edward Burke	Director	1 Jul 1999	Other	4336144
Richmond County Financial Corp.	Owner	1 Jul 1999	25% - 50%	06-1498455
Robert Thomas Cangemi	Director	1 Jul 1999	Other	4336160
Jennifer Buchman Lynn	Vice president; assistant secretary	1 Jan 2001	Other	4928742
Richmond Enterprises Inc.	Owner	1 Jul 2001	25% - 50%	13-3200113
Richmond Enterprises Inc.	Owner	1 Dec 2001	75% - 100%	13-3200113
Joseph R. Ficalora	Director	1 Jan 2002	Other	4516927
Paul Mittelman	Secretary; treasurer	1 Apr 2004	Other	1817500
Spiros Voutsinas	Director	1 Jan 2007	Other	5286119
Kathleen Elizabeth Small	Chief compliance officer	1 Mar 2007	Other	4586262
Kathleen Elizabeth Duffy	Chief compliance officer	1 Mar 2007	Other	4586262
Kathleen Elizabeth Keating	Chief compliance officer	1 Mar 2007	Other	4586262
Edward Morgan Giles	Senior vice president	1 Jul 2011	Other	220558
Jennifer Buchman Lynn	Senior vice president; assistant secretary; interim cco	1 Jan 2012	Other	4928742
Neal David Muroff	Chief compliance officer	1 Oct 2012	Other	1663905
Izabella Deneau	Treasurer	1 Oct 2013	Other	6266202
John Furth	Vice chairman	1 Jan 2014	Other	2112446
Ian Maccallum	Executive vice president	1 Jan 2014	Other	724421
Robert Shapiro	Senior vice president	1 Jan 2014	Other	1062611
Ronald Charles Thow	Senior vice president	1 Jan 2014	Other	2834334
Robert Charles Eising	Senior vice president	1 Jan 2014	Other	4156761
Hanif Mohamed Dahya	Director	1 Apr 2014	Other	1205262
Jennifer Buchman Lynn	Executive vice president; director	1 Oct 2014	Other	4928742
Anna Salomon	Treasurer	1 Aug 2015	Other	6548622
Patricia Kogan	Senior vice president of operations	1 Jan 2016	Other	6772083
Jason Werner	Vice president, portfolio manager	1 Mar 2018	Other	6286008
David Jonathan Mazzullo	Chief operating officer	1 Mar 2018	Other	2364168
William H. Herrman Ii	Senior vice president	1 Aug 2018	Other	4570195
David Jonathan Mazzullo	President	1 Mar 2019	Other	2364168
Inc. Pbc Acquisition Corp.	Owner	1 Mar 2019	75% - 100%	83-4167058

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richmond County Savings Bank	Shareholder	1 Sep 1983	75% - 100%	13-5578772
Inc. New York Community Bancorp	Shareholder	1 Jul 1993	75% - 100%	06-1377322
Richmond County Financial Corp.	Shareholder	1 Feb 1998	75% - 100%	06-1498455
New York Community Bank	Shareholder	1 Jul 2001	75% - 100%	11-1212640

Based in New York

The principal office where Peter B. Cannell & Co., Inc. performs its advisory services is located at 545 Madison 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 212-752-5255 or by fax 212-319-0937. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at peterbcannell.com.