Peter Kimmelman Asset Management LLC (New York)

Peter Kimmelman Asset Management LLC is a large advisory firm based in New York. It manages $586.92 million of regulatory assets for 40 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.

Peter Kimmelman Asset Management provides 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 fund of hedge funds; fund of private equity funds. 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 Kimmelman Asset Management: assets under management

The assets under management (AUM) of Peter Kimmelman Asset Management LLC is $586.92 million. The firm's AUM has gone down by -41% since the beginning of its operation, and $334.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $212.5 million in discretionary accounts and $374.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.28 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.6 million.

Peter Kimmelman Asset Management has custody of $89.24 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Peter Kimmelman Asset Management LLC 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 Peter Kimmelman Asset Management serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Peter Kimmelman Asset Management is pooled investment vehicles with 17 clients and $263.65 million of assets under management. Among the 10 most similar advisory firms, Peter Kimmelman Asset Management has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $586.92 million for 40 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 15% of the firm’s clients are foreign persons or businesses.

Peter Kimmelman Asset Management also advises several private funds. Namely, ten hedge funds and five private equity funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $5,000,000.

Careers at Peter Kimmelman Asset Management LLC

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Kimmelman	Managing member	1 Oct 1978	50% - 75%	4875717
Andrew Alpern	General counsel and chief compliance officer	1 Oct 2002	Other	4875730
The P. Damian Kimmelman 2004 Trust	Member	1 Jul 2004	Other	20-6263694
The E. Kweilen Kimmelman 2004 Trust	Member	1 Jul 2004	Other	20-6263674
Elbrun Kimmelman	Member	1 Jul 2004	Other	4875725
Damian Kimmelman	Member	1 Jan 2016	Other	4912174
Kweilen Hatleskog	Member	1 Jan 2016	Other	4912146
Matthew Eric Lipman	General counsel and chief compliance officer	1 Mar 2018	Other	2367335

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kweilen Kimmelman	Trustee	1 Jul 2004	Other	4912146
Damian Kimmelman	Trustee	1 Jul 2004	Other	4912174

Based in New York

The principal office where Peter Kimmelman Asset Management LLC performs its advisory services is located at 800 Third Avenue, Suite 3100, New York, NY 10022 7667, 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 212-223-7373 or by fax 212-223-8212. The normal business hours are 9-5 on Monday - Friday.