Coury Firm Asset Management LLC is a large advisory firm based in Pittsburgh. It manages $778 million of regulatory assets for 580 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Delaware, Florida, Pennsylvania, and West Virginia.
Coury Firm Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and advice on matters not involving securities. see part 1 section 6.b.(3). It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Coury Firm Asset Management LLC is $778 million. The firm's AUM has grown by 50% since the beginning of its operation, and $12 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Coury Firm Asset Management LLC for their services and products based on a percentage of assets under management, fixed fees, 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 individuals, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Coury Firm Asset Management is high net worth individuals with 57 clients and $360 million of assets under management. Among the 8 most similar advisory firms, Coury Firm Asset Management has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $766 million for 158 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.
Coury Firm Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 16 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 9 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.
George Vassili Philippopoulos joined the executive team most recently as the Chief Compliance Officer.
The principal office where Coury Firm Asset Management LLC performs its advisory services is located at 260 Forbes Avenue, Pittsburgh, PA 15222, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 412-261-5744 or by fax 412-261-2759. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at couryfirm.com and its LinkedIn profile.