Satovsky Asset Management LLC (New York)

Name: Satovsky Asset Management LLC
Address: 232 Madison Avenue, New York, NY, 10016
Telephone: 212-584-1900

Satovsky Asset Management LLC is a large advisory firm based in New York. It manages $481.82 million of regulatory assets for 281 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.

Satovsky Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Satovsky Asset Management: assets under management

The assets under management (AUM) of Satovsky Asset Management LLC is $481.82 million. The firm's AUM has grown by 122% since the beginning of its operation, and $18.54 million of the total AUM is attributable to clients outside of the United States.

The firm manages $461.54 million in discretionary accounts and $20.28 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.71 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.84 million.

Satovsky Asset Management has custody of $170.52 million in cash and securities for 153 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 69% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Satovsky Asset Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.

What kind of clients Jonathan Matthew Satovsky serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jonathan Matthew Satovsky is high net worth individuals with 160 clients and $416.71 million of assets under management. Among the 6 most similar advisory firms, Satovsky Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $481.82 million for 281 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Satovsky Asset Management doesn't advise any private funds.

Careers at Satovsky 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 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.

Jonathan Matthew Satovsky has been acting as President since 1 Jul 2007. Christine Lynn Lucero joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stacey Yael Satovsky	Member	1 Jul 2007	Other	5041680
Jonathan Matthew Satovsky	Managing member/chairman	1 Jul 2007	75% - 100%	2438598
Mali Gittel Perl	Chief compliance officer (cco)	1 Jul 2007	Other	2972141
Jeremi Roux	Chief compliance officer	1 Feb 2013	Other	6177009
Jane Shahmanesh	Chief compliance officer	1 Jul 2015	Other	4264734
Joanne Jungmin Park	Chief compliance officer/general counsel/chief operating officer	1 Feb 2016	Other	4120874
Christine Lynn Lucero	Cco	1 May 2016	Other	6655753

Based in New York

The principal office where Satovsky Asset Management LLC performs its advisory services is located at 232 Madison Avenue, New York, NY 10016, 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 212-584-1900 or by fax 212-584-1901. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at satovsky.com.