Gabelli Funds, LLC is a large advisory firm based in Rye. It manages $22.04 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Jersey and New York.
Gabelli Funds provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Gabelli Funds, LLC is $22.04 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 102% since the beginning of its operation, and $786.75 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Gabelli Funds, LLC for their services and products based on a percentage of assets under management and performance-based 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Gabelli Funds is investment companies with 31 clients and $21.25 billion of assets under management. Among the 10 most similar advisory firms, Gabelli Funds has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $22.04 billion for 34 clients. 9% of the firm’s clients are foreign persons or businesses.
Gabelli Funds also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons is $1,000 for each fund.
The company employs 55 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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.
Mario Joseph Gabelli has served as the Chief Investment Officer since 1 Feb 1999. Richard John Walz joined the executive team most recently as the Chief Compliance Officer.
The principal office where Gabelli Funds, LLC performs its advisory services is located at One Corporate Center, Rye, NY 10580 1422, which is also the mailing address of the firm. An additional office of the firm is in Morristown, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 914-921-5000 or by fax 914-921-5118. The normal business hours are 8:00 a.m. to 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at gabelli.com and its LinkedIn profile.