Am Global Family Investment Office (West Palm Beach)

Name: Am Global Family Investment Office
Address: 319 Clematis Street, West Palm Beach, FL, 33401
Telephone: 561-249-6826

Am Global Family Investment Office is a large advisory firm based in West Palm Beach. It manages $367.51 million of regulatory assets for 152 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida and Pennsylvania.

Am Global Family Investment Office provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Am Global Family Investment Office: assets under management

The assets under management (AUM) of Am Global Family Investment Office is $367.51 million. The firm's AUM has grown by 62% since the beginning of its operation, and $16.88 million of the total AUM is attributable to clients outside of the United States.

The firm manages $289.13 million in discretionary accounts and $78.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.8 million.

Am Global Family Investment Office has custody of $313.78 million in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 37% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 26% of the firm’s portfolio. Investments in exchange traded securities form 23% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Am Global Family Investment Office 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 Andrew Patrick Mehalko serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Andrew Patrick Mehalko is high net worth individuals with 15 clients and $349.73 million of assets under management. Among the 9 most similar advisory firms, Am Global Family Investment Office has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $367.51 million for 23 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Am Global Family Investment Office also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Am Global Family Investment Office

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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.

Andrew Patrick Mehalko has been acting as President since 1 Sep 2011. Colin Jesse Hickey joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Patrick Mehalko	President/chief compliance officer	1 Sep 2011	Other	1739679
Gina Mehalko	Member	1 Sep 2011	Other	2601518
Llc Am Global Holdings	Member	1 Feb 2013	75% - 100%	45-1581222
Stephen Edward Barimo	Chief operating officer	1 Feb 2013	Other	2689335
Amy Leigh Heaney	Member	1 Sep 2013	Other	4615544
Colin Jesse Hickey	Member	1 May 2014	Other	5803336

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Patrick Mehalko	Member	1 May 2012	50% - 75%	1739679
Stephen Edward Barimo	Member	1 Jan 2013	25% - 50%	2689335

Based in West Palm Beach

The principal office where Am Global Family Investment Office performs its advisory services is located at 319 Clematis Street, West Palm Beach, FL 33401, 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 561-249-6826 or by fax 561-249-6990. The normal business hours are 8:30am- 5:00pm on Monday - Friday. You can find more information about the New York firm at amglobalfio.com.