Toomey Investment Management, Inc (Wallingford)


Toomey Investment Management, Inc is a large advisory firm based in Wallingford. It manages $94.2 million of regulatory assets for 899 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Connecticut, Florida, and Massachusetts.

Toomey Investment Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Toomey Investment Management: assets under management

The assets under management (AUM) of Toomey Investment Management, Inc is $94.2 million. The firm's AUM has grown by 80% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $92.55 million in discretionary accounts and $1.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $103.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.66 million.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Toomey Investment Management, Inc for their services and products based on a percentage of assets under management, hourly charges, 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 Brendan Richard Toomey serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Brendan Richard Toomey is individuals with 879 clients and $71.74 million of assets under management. Among the 7 most similar advisory firms, Toomey Investment Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $94.2 million for 899 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Toomey Investment Management doesn't advise any private funds.

Careers at Toomey Investment Management, Inc

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Brendan Richard Toomey President 1 Dec 2009 75% - 100% 2195420

Based in Wallingford

The principal office where Toomey Investment Management, Inc performs its advisory services is located at 420 Center Street, Wallingford, CT 06492, 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 203-949-1710 or by fax 203-265-6874. The normal business hours are 9:00am - 4:30pm on Monday - Friday. You can find more information about the New York firm at toomeyinvest.com.